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Accountancy question
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<blockquote data-quote="Phoenix76" data-source="post: 447425" data-attributes="member: 6518"><p>My friend, a margin like that would make most business's jealous. In a nutshell, what it means is the percentage of profit measured against the income of the business.</p><p></p><p>For example: If your sales are $100,000, and ALL your expenses are $43,000, then your operating margin is $57,000. That profit of $57,000 represents a margin of 57% when measured against your gross sales.</p><p></p><p>Don't want to get too technical, so hope my example explains your question. And, once again, a margin like that creates envy.</p><p></p><p>Just for the record, I am an Accountant.</p><p></p><p>Cheers and continuing good luck.</p></blockquote><p></p>
[QUOTE="Phoenix76, post: 447425, member: 6518"] My friend, a margin like that would make most business's jealous. In a nutshell, what it means is the percentage of profit measured against the income of the business. For example: If your sales are $100,000, and ALL your expenses are $43,000, then your operating margin is $57,000. That profit of $57,000 represents a margin of 57% when measured against your gross sales. Don't want to get too technical, so hope my example explains your question. And, once again, a margin like that creates envy. Just for the record, I am an Accountant. Cheers and continuing good luck. [/QUOTE]
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