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OH Expenses are overhead expenses for a business - such as rent, payroll, telephone etc.

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14y ago

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When you subtract the total expenses from the total income what is the result?

When you subtract total expenses from total income, the result is known as net income or profit. If the total income exceeds total expenses, the result is a positive net income, indicating a profit. Conversely, if total expenses surpass total income, the result is a negative net income, indicating a loss. This calculation is essential for assessing financial health and performance.


My total expenses are 2376 what is my percent on utilities if they are 285 dollars?

To find the percentage of your total expenses that utilities represent, divide the utilities cost by the total expenses and then multiply by 100. So, ( \frac{285}{2376} \times 100 \approx 12.0% ). Therefore, your utilities account for approximately 12% of your total expenses.


How do you calculate net loss?

Identify and total all operating expenses for the period. Expenses include advertising, marketing, sales representative salaries, sales commissions, professional fees, office supplies etc. Subtract the total operating expenses from gross profit to calculate net loss.


Net income plus operating expenses is equal to?

Net income plus operating expenses equals gross profit, or total revenue. To calculate net income, accountants subtract total expenses from total revenues.


How does a firm calculate its tottal profit?

A firm calculates its total profit by subtracting total expenses from total revenues. Total revenues include all income generated from sales and services, while total expenses encompass costs such as production, operating expenses, salaries, and taxes. The formula can be expressed as: Total Profit = Total Revenues - Total Expenses. This calculation provides insight into the firm's financial performance over a specific period.


How was profit calculated?

Profit is calculated by subtracting total expenses from total revenue. This can be expressed with the formula: Profit = Total Revenue - Total Expenses. Total revenue includes all income generated from sales, while total expenses encompass all costs incurred in the process of generating that income, such as production costs, operating expenses, and taxes. The resulting figure can be categorized as gross profit (revenue minus cost of goods sold) or net profit (after all expenses).


How do you calculate general and management ratios and what formula do I use?

Total general and management expenses General and management/Expense ratio = Total expenses


If the total sales are 21610 and the total expenses is 14610 what is the percentage?

30.40%


A difficult problem in calculating the total costs and expenses of a department is?

Assigning indirect expenses to the department


What is the relationship between income and expenses before a break-even point is reached?

Before the break even point, total expenses exceed total income and there is a loss made.


how do you calculate Net operating expenses?

Net Operating Expenses (NOE) are calculated by subtracting total operating income from total operating expenses. First, identify all operating income sources, such as rental income or service fees. Then, list all operating expenses, including property management, maintenance, utilities, and taxes. Finally, use the formula: NOE = Total Operating Income - Total Operating Expenses to arrive at the net figure.


This is the monthly budget for the Reed family. What percent of the expenses is spent on utilities?

To determine the percentage of the Reed family's expenses spent on utilities, you need to divide the total amount spent on utilities by the total monthly expenses and then multiply by 100. For example, if their total expenses are $3,000 and they spend $300 on utilities, the calculation would be ($300 ÷ $3,000) × 100 = 10%. Thus, 10% of their expenses are spent on utilities.