formula of gross profit
sales - cost of goods sold
it represnts the differense between net sales and cost of sales
gross profitare
things that change based on the amount of product being made and are incurred as a direct result of producing the product
variable cost
generally are most static in nature
fixed cost
the entrepreneur should have a clear idea on what is his purpose
of putting up his enterprise.
Objectives
this means that the entrepreneur must know what the tasks are he has
to perform in order that his objectives will be realized.
Tasks
This means that the entrepreneur should have a timetable or
a schedule to follow every task, so that it will be accomplish on time and
realize his objective.
Time Allocation
for partnership
or Corporation
Securities and Exchange Commission (SEC) Registration
for your business
tradename
Department of Trade and Industry (DTI) Registration
for getting the license to operate in the city or municipality and payment of your local business taxes.
Mayor’s Business Permit
for getting TIN, official
receipts and invoices, registering your books of accounts and paying your
national Internal revenue taxes
Bureau of Internal Revenue (BIR) Registration
for registering yourself or
company as an employer and for remitting your employees’ contribution
together with your employer’s share
SSS, PhilHealth, and Pag-Ibig Fund registration
