Profit and Loss Profit Sample Clauses

Profit and Loss Profit. Loss Statement For year beginning January, 2001 Year 1 Year 2 Year 3 Sales Less cost of sales: Material Labor/benefits/taxes Total cost of sales Gross profit Operating expenses: Salaries & Wages Sales Commissions Rent Maintenance Equipment Rental Insurance Utilities Office Supplies Marketing/Advertising Travel Entertainment Depreciation Total operating expenses Operating income Interest expense Net income 6,000,000 8,380,000 11,125,000 600,000 838,000 1,112,500 3,525,000 4,923,250 6,535,938 461,250 506,250 551,250 375,000 523,750 695,313 108,000 144,000 180,000 18,000 21,600 25,200 13,100 15,720 18,864 13,200 18,000 21,600 18,000 23,400 26,400 37,650 41,416 45,557 98,250 117,900 141,480 183,400 220,080 264,096 77,980 105,275 142,118 13,380 13,380 13,380 457,790 867,979 1,351,305 82,375 80,697 35,910 375,415 787,283 1,315,395 2003. goods/services sold lie in this area, due to the labor-intensive nature of the consulting industry. These costs are consistent with historical data.
Sample 1
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Profit and Loss Profit. Loss Statement For year beginning January, 2001 Year 1 Year 2 Year 3 Sales Less cost of sales: Material Total cost of sales Gross profit Operating expenses: Salaries & Wages Professional Services Rent Maintenance Equipment Rental Insurance Utilities Office Supplies Postage Marketing/Advertising Travel Entertainment Amortization Depreciation Total operating expenses Operating income Interest expense Net income 109,600 132,000 222,400 27,305 32,590 55,007 Sales - Assumptions are based on anticipated sales for one HydroHut location, until March of the third year, when a second location is scheduled to open. Below is a breakdown summary of forecasted sales: Sales Category Sales Forecast For year beginning January, 2001 Year 1 Year 2 Year 3 Retail Walk-In 100,100 107,000 189,100 Corporate 0 8,000 13,000 Special Events 9,500 17,000 20,300 Total Sales 109,600 132,000 222,400
Sample 1

Related to Profit and Loss Profit

  • Profit and Loss Subject to Section 5.1(d) hereof, Profit and Loss occurring on any day during the Fiscal Year shall be allocated to the Holders' Book Capital Accounts at the end of such day in proportion to the Holders' respective Book Capital Account balances at the commencement of such day.

  • Allocation of Profit and Loss Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

  • Definition of Profit and Loss “Profit” and “Loss” and any items of income, gain, expense, or loss referred to in this Agreement shall be determined in accordance with federal income tax accounting principles, as modified by Regulations Section 1.704-1(b)(2)(iv), except that Profit and Loss shall not include items of income, gain and expense that are specially allocated pursuant to Sections 5.1(b), 5.1(c) or 5.1(d). All allocations of income, Profit, gain, Loss and expense (and all items contained therein) for federal income tax purposes shall be identical to all allocations of such items set forth in this Section 5.1, except as otherwise required by Section 704(c) of the Code and Regulations Section 1.704-1(b)(4). The General Partner shall have the authority to elect the method to be used by the Partnership for allocating items of income, gain, and expense as required by Section 704(c) of the Code including a method that may result in a Partner receiving a disproportionately larger share of the Partnership tax depreciation deductions, and such election shall be binding on all Partners.

  • Financial Year Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31st December in each year and, following the year of incorporation, shall begin on 1st January in each year.

  • Net Profit The current and accumulated operating earnings of the Employer after Federal and state income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other Qualified Plan of the Employer, unless the Employer has elected a different definition in the Adoption Agreement. Unless elected otherwise in the Adoption Agreement, Employer contributions to the Plan are not conditioned on profits.

  • Net Loss A Net Loss for a particular fund or, in the case of a multi-class fund, a class results when aggregate Losses exceed aggregate Benefits (i.e., net redemptions on a day the fund’s or class’s NAV is overstated or net subscriptions on a day the fund’s or class’s NAV is understated) during the Error Period.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows: (i) First, 2% to the General Partner, and 98% to the Unitholders, Pro Rata, until the aggregate Net Losses allocated pursuant to this Section 6.1(b)(i) for the current taxable year and all previous taxable years is equal to the aggregate Net Income allocated to such Partners pursuant to Section 6.1(a)(iii) for all previous taxable years, provided that the Net Losses shall not be allocated pursuant to this Section 6.1(b)(i) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (ii) Second, 2% to the General Partner, and 98% to the Unitholders, Pro Rata; provided, that Net Losses shall not be allocated pursuant to this Section 6.1(b)(ii) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (iii) Third, the balance, if any, 100% to the General Partner.

  • Allocations of Income and Loss For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.625. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

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