ckrug asked:


If everything else is taken care of as far as advertisement, equipment, what should you do with the profits so you don’t get taxed to death in the end?

Joel

vasko asked:


How to calculate a certain volume of two products (with different selling price, fixed costs and variable costs), if equal profits to be earned from both the products ? Example - Product X sells for $100 each and Y sells for $120 each. Product X fixed cost of $20000 per year and variable cost of $12 per unit, whereas product Y has fixed cost of $8000 and variable cost of $40 per unit. At what production rate (volume) are the profits from both products equal ?

Dorothy

Honest Opinion asked:


I know that oil companies reported billion in profits, how much of that profit represents American tax dollars given to the oil companies. Any one have a link?

Jean

Gsta95 asked:


Oil executives had to go before congress to explain their high profits. The 5 biggest oil companies made a profit of 123 billion dollars last year. What if they took just 1 billion of those, and sunk it into the price of gasoline. Would that lower the cost signifigantly? I think the price is artificial, though I am no expert on economics. If everyone is hurting so terribly on prices, then the oil companys should be hurting to.

Edgar

Ash asked:


I am playing a stock market game at school and I would like to know some stocks that will make me good profits in a short period of time. I have about six weeks left and $100,000 of pretend money. So far I bought BIDU and SIRI and have made nice profits from BIDU. I recently bought SIRI because of the possible merge with XM. Thank you.

Diane

Thanh H asked:


I am in the US. I send money to a friend overseas where gambling is legal/regulated and they make wagers with it and I share a percentage of the profits. Is that illegal?

Todd

msi_cord asked:


I want someone to give me an explanation of how a windfall profits tax is going to help solve our energy problems. I don’t understand how taxing a company more will encourage it to lower prices.
Toms,

How does it stop price gouging?

Amanda

skahhh asked:


These companies are citing the weak dollar as helping them out in their profits, making American products cheaper to the world. What happens when the dollar strengthens?

Marcus

TJ asked:


I am considering buying a business, but am new to this. How do I check up on whether they make the profits they say they do? I know I can probably ask for a profit loss statement, but can’t those be embelished? Basically, how do I do my due diligence on this?

Donald

Jay asked:


I’m about to start a business and was curious how much to keep out of the profits for taxes. Lets say i sell 50k a month in product with around 20% of profit, which is like 10k a month. Out of that 10K how much should I hold back for taxes? I do plan to use a bit of it to reinvest back in the business, probably 50% of the 10k or so. I’m just curious how you figure out how much to hold back so I don’t get a huge tax bill at the end of the year that I couldn’t afford. Also, if I only have to play taxes on the profit after business expenses, what kind of expenses can be deducted? thanks for any help you can provide, i’d consult an accountant but unfortunetely, all the money i currently have is tightly budgeted for startup costs. Thanks.
Ummm, thanks for the answer, but can you define revenue, are you talking about the total sold? Total net (sold minus cost of products)? Some number after expenses? sorry, i seem to be a moron when it comes to this stuff…..

Alvin