Showing posts with label labor. Show all posts
Showing posts with label labor. Show all posts
Wednesday, September 16, 2015
How to Calculate After
Calculate the company's net income from operations. Subtract returns and allowances, costs of goods sold and general and administrative expenses from total sales. Cost of goods sold include all expenses associated with the sale of goods or services such as direct labor costs, materials and subcontractors. General and administrative expenses include overhead costs, office salaries and travel costs.
Review the calculation of net income and determine if depreciation, amortization or bad debt expense are included in the calculation. If so, add back these non-cash expenses.
Subtract the annual cost of paying down debt. For example, if the company has a credit line and pays $5,000 annually to cover monthly payments of principle and interest, subtract $5,000 from the net income from operations. This is the company's before-tax cash flow.
Calculate taxes payable for the company. Subtract depreciation expense and interest expense from net income from operations to arrive at taxable income. Multiply the company's taxable income by its tax rate to arrive at taxes payable for the year.
Subtract the taxes payable from the company's before-tax cash flow to arrive at after-tax cash flow.
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Tuesday, September 15, 2015
How to Earn Money As a Teen (7 Steps)
Start a savings account right away. Contact several local banks and ask about the accounts they have available for teens. Compare minimum balance requirements and the percent of interest they offer. Interest is important because that will enable to earn money on your cash while you are saving it, with no effort on your part. You will need an adult to open the account with you until you are 18, so ask a parent for help.
Ask your friends and family members if they know of any job opportunities for teenagers in your area. Fast food restaurants often prefer to hire teenagers, and many offer benefits, such as tuition reimbursement, if you work at the job through college. Check into your state's labor laws to ensure you can work traditional employment. In most states the age you can work is 16.
Apply to any job openings that seem promising. When filling out the application, list any volunteer experience you have, as well as any past work experience. Remember that even non-traditional employment is work experience, so if you babysit for a neighbor, for example,, you can list this as work experience. Keep your handwriting neat on the application, as well.
When contacted for an interview, make sure you dress your best. Even if the company you are applying to is casual, you want to make a favorable first impression so don't show up in a T-shirt and jeans. Stay calm through the interview and allow your personality to shine.
If you are having trouble finding traditional employment or are too young to work in your state, look for your own earning opportunities. Approach neighbors and family friends and see if they have any odd jobs they are willing to pay you for. babysitting, lawn mowing and garage clean-up are three options that many people are willing to pay you to help with.
Put together your own fliers advertising your service. Print them on bright paper to make them eye catching. Pass the fliers out in your neighborhood. Make sure you have set a fee in advance for your services, as you do not want to be underpaid for your hard work. Always have an adult drop you off and pick you up from jobs, and if you feel unsafe for any reason, leave. No amount of money is worth your life.
Pay yourself first. Always deposit the amount of your earnings you wish to save into your account before spending anything. This way, you can easily stay on track with your savings goals.
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