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Financial Basics, Pricing and KPI's Instructor : Kim - Coggle Diagram
Financial Basics, Pricing and KPI's Instructor : Kim
Income Statement = Profit and Loss Statement
Revenue = Sales $100,00
Cost of Goods (Variable) Sold $60,000
Labor = Direct Labor
Materials / Parts
Equipment
Other
Subcontractors
Gross Profit $ - Gross Margin %
Operating Expenses (Fixed)
All expenses that you have to pay even when no one is producing revenue
Admin Labor
Manager Labor
Net Profit Before Taxes
Operation Profit
Rebates
Other Income
Above and Beyond Income
Balance Sheet = Picture of what you have today
Depreciation
Need to add this into our financial statement
Depreciate vehicles over the course of 5 years
Cost of Goods Sold
Commission / Spiff / Bonus-Direct
Any Labor for the Job = Direct Costs
Lead