Sunset Exteriors & Restoration certifications
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Sunset Exteriors & Restoration certifications Office 847 865 5050 / Email > bruceschimkus@aol.com
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.comCreating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...Aurelien Domont, MBA
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.comCreating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...
Creating an Income Statement with Forecasts: A Simple Guide and Free Excel Te...Aurelien Domont, MBA
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Sunset Exteriors & Restoration certifications
- 1. S U N S E T EXTERIORS & RESTORATIONTM Design Specialist Commercial Contractors Office 847 865 5050 * Fax 847 865 5167 * www.sunsetexteriors.com Sunset Exteriors & Restoration, Inc. a residential and commercial remodeling company Servicing and Installing multi family apartments, condominiums, hotel, retirement and town homes, specializing in service and total rehab. Sunset Exteriors & Restoration, Inc. is Lead Safe Certified. NAT-42067-1. We have a combined experience of more than 32 years. At Sunset Exteriors & Restoration our staff will spend more time with our clients, in the field, and deliver the best product and service at the best price. We provide detailed inspection reports on all projects, roofing, siding including Brick, Dryvit, Fiber cement, soffits, fascia, gutters, windows, with quality photos and a comprehensive restoration service plan as required. Bruce Schimkus, head of Operations and Installations for 23 years in the remodeling industry. The attention to detail with the desire to make all of our customers completely satisfied will continue. The crews at Sunset continue to provide the same quality of workmanship you will come to know and appreciate. Bruce Schimkus is certified and licensed, Master Shingle Applicator, Firestone Flat Roofing TPO system, 5 Star rated by CertainTeed, Lead Safe by EPA, Vinyl Siding Institute - VSI certified, Fiber cement Certified, CSI-Construction Specifications Institute, Safe Practice for Home Inspector, 08, 09, 10, 11, 12, 13, 14 & 2015 Complaint free BBB, Certified Alside Window & Patio door installation, Dec Tec installation Services. Fully in compliance > VID #832222 Compliance Depot & ID # 601512 Registry Monitoring Listed on our web page > http://www.sunsetexteriors.com/certificates.html Sunset Exteriors & Restoration Inc. is Vinyl Siding Certified through VSI’s Program Vinyl siding certified through VSI’s program and is verified by third-party, accredited inspection agency to meet or exceed ASTM D3679, the long-standing, accepted industry standard for quality vinyl siding. Sunset Exteriors & Restoration Inc. will clean up, and haul away all debris as a result of all work, upon completion. Sunset Exteriors & Restoration Inc. has workman compensation, automobile and public liability insurance. Additional $ 5,000.000 umbrella Sunset Exteriors & Restoration Inc. is a Certified Lead Safe for the RRP rule Company License # NAT-42067-1 Please call or EMAIL Sunset Exteriors & Restoration, Inc. with any questions regarding Service and or Installation work for all your properties. We look forward to working with you. Thank you for your time and consideration. Sincerely; Sherry Hubbard – Account Executive Bruce Schimkus; Operations email : bruceschimkus@aol.com Cell : 847 302 1646 www.sunsetexteriors.com Copyright ©, Sunset Exteriors & Restoration, Inc. All rights reserved
- 8. www.sunsetexteriors.com Copyright ©, Sunset Exteriors & Restoration, Inc. All rights reserved