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I got one question. Business value is $1.55 million. The accountant estimates that the business generates a gross profit of $990,000 with business expenses of
I got one question. Business value is $1.55 million. The accountant estimates that the business generates a gross profit of $990,000 with business expenses of $850,000. The business also has a $85,000 bank overdraft costing 12% variable interest, which is often fully drawn. how to calculate annual gross profit? Could you explain it to me step by step please? Thank you.
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