How is profit made on selling silver tableware to a refinery treated for tax purposes?
Q. Purchased silver flatware and holloware (mostly dented) for the purpose of reselling to a refinery as scrap silver to make a profit. Most of the pieces were purchased 1-2 years ago; a few within the last year. However, it was refined in one batch with one payout. Would that profit be treated as ordinary income or capital gain? What are the tax rates? If capital gain, how would I separate the profit (payout minus basis) into long term and short term gain since it was refined in one big batch with one payout?
Asked by livnlrn - Wed Jan 20 16:38:41 2010 - - 1 Answers - 0 Comments

A. How much money are we talking here? Is this a profitable endeavor Capital gain. the items you purchased more than a year before selllng are long term. and those that you bought less than a year before selling are short term. you will enter your purchase date and $ paid for it. Then you enter sales date, which will be same for all entries since you sold all at one time. Do you know the weights of each purchase? You would prorate the total price recieved in the sale by the % of weight that each purchase represents.
Answered by kim s - Wed Jan 20 23:15:54 2010

What good is zero economic profit in perfect competition?
Q. I'm learning about how long run output/profits affect entry and exit in a perfect competition market. To my knowledge, firms enter and exit until all firms earn zero economic profit. What I don't understand is why firms would continue operating if they were making zero economic profit? Why would they want to operate in a market that makes no profit? Please explain to me. I think I'm missing a point here. Thanks.
Asked by myname_isalbert - Thu Nov 26 23:27:12 2009 - - 2 Answers - 0 Comments

A. That model, you will learn, assumes that there are only 2 factor to production. Capital and labor. Then it assumes that capital must be rented. That last assumption is false. In the real world the owners of capital and firms are often the same thing. So then economic profit would not be zero. Also remember the its zeros long term economic profit. In the short run it is possible to make profit. Plus economic profit assumes that there are no constraints on inventing. That is also false, you may choose a less risky and more competitive market becuase you do not have the ability to invest in another market.
Answered by SmithtoMalthus - Fri Nov 27 01:47:09 2009

What is the profit breakdown from raw material to final product?
Q. Does anyone know the profit percentage breakdown of a product s total retail price going back to the raw material? From retail store profit percentage to distributor s profit percentage to manufacture s and the raw material manufactures.
Asked by diesel8289 - Tue Feb 5 04:01:10 2008 - - 1 Answers - 0 Comments

A. too broad of a question. It depends... on the product itself, tolerable profit margins and break-even points. Different "types" of products will carry different markup "points" throughout the chain. "Markups, like all pricing strategies, depend on three influences cost, competition, and demand." here is a quick reference link:
Answered by Frank S - Tue Feb 5 04:12:03 2008

How do you think profit is measured in a not for profit organization?
Q. How do you think profit is measured in a not for profit organisation such as a community centre or home care service?
Asked by honey - Wed Oct 1 01:12:15 2008 - - 2 Answers - 0 Comments

A. A not for profit organization still attempts to make a profit, it simply reinvests or redistributes its excess earnings in a fashion consistent with its mission statement.
Answered by M. Stoddemier - Wed Oct 1 01:17:10 2008

What are some non profit animal focused organizations?
Q. What are some trustworthy non profit organizations that you know for sure are worth donating money to and that will use 100% of the donations toward the cause of protecting animals? I'm looking for organizations dealing with both pets and wild animals, animal abuse, endangered species, etc. I'm planning on starting my own non profit 'campaign' of sorts to support a new non profit organization like this each month. I'm starting with animals, but don't want to donate money to someone who will use it on something completely unhelpful to the actual cause.
Asked by Odioshka - Tue Jul 31 07:12:01 2007 - - 4 Answers - 0 Comments

A. Ok I have to let you know one fact-there are NO charitable organizations/non profits where 100% of the donations go to the actual cause. I look for a range of 80-99%, some people are comfortable going as low as 75% but not me. They may have some events where 100% of what they raise in donations goes to the cause but those are usually underwrtitten by a large donor. Unfortunately they have expenses too-salaries/insurance/ov erhead/office supplies-you know the same stuff for profit companies use. Check your yellow pages or online for a local chapter of what i consider are the best options below: American Council for the Blind-Guide Dogs paws peta humane Society Check on any charity through the better business bureau. Their website is… [cont.]
Answered by msijg - Tue Jul 31 09:38:43 2007

How much profit do home builders make off building an house?
Q. I am looking into starting my own home building business but am trying to work with some numbers, specifically the average profit that self employed home builders can expect to make. For example, if you sell a home for 200,000 how much was spent on the actual construction of the home and thus how much profit does the builder accrue? Also how muhc would you have to spend for the basic electric, plumbing gas ect.
Asked by Chris - Sat Jul 3 18:59:03 2010 - - 2 Answers - 0 Comments

A. Profit can be great, could be anywhere between 10k to 100k or more.. No straight forward answer, depends on the size of the home, the area, the detail of the home, etc... But this market is real tough for home builders, many sell at cost just to get rid of the debt. And many have a lot of construction sites on hold, they just can't sell the homes they already built so other projects are sitting around unfinished. Also you need to consider making a name for yourself, sad fact is not many people are willing to hire a no-namer compay to build their home. And you don't likely have a name in the business, if you did you'd know how estimates and profit works in the construction world.. No disrespect, just trying to help out.. good luck
Answered by GI Jane - Sat Jul 3 19:14:52 2010

What does the gross profit to sales revenue ratio?
Q. I mean it's the net profit to sales revenue that should matter as it's when the expenses have been paid for...! Also, is gross profit margin the same thing as gross profit to sales revenue? Thanks!
Asked by Quod me nutrit me destruit - Sat Nov 7 14:26:56 2009 - - 1 Answers - 0 Comments

A. Gross profit - tax -dividend = Net profit. Yes, both are same.
Answered by gosain - Wed Nov 11 12:55:14 2009

Can I start a for profit business under my non profit org?
Q. I have a non profit organization but I want to start a for profit business. Is this possible? What are the steps if so?
Asked by Doin my Thang - Tue Aug 24 07:12:07 2010 - - 3 Answers - 0 Comments

How are faith based and non-profit organizations different from for-profit organizations?
Q. How are faith based and non-profit organizations different from for-profit organizations, such as a corporation? In what sense are these organizations similar to each other?
Asked by Rose Ann - Mon Aug 23 08:30:46 2010 - - 2 Answers - 0 Comments

A. A nonprofit organization is a mission-based organization. Similarities to for-profits include that they employ staff, have human resources systems and accounting systems, and want to make enough money to cover all expenses, including salaries, and fund all activities. The difference is that for-profits make their money at least some of their money through income generation activities (selling goods and services). For-profits can also make money through having services contracted (government agencies and even nonprofit organizations sometimes hire for-profit companies to perform certain services). Nonprofits can also make money from selling products and services or contracts from other organizations to provide certain services, but they… [cont.]
Answered by Jayne says READ MORE BOOKS - Wed Aug 25 00:41:35 2010

How can I profit by knowing the location of preset limit orders?
Q. I know most limit orders for stocks are listed at the whole dollar or half dollar increments (25, 25.5 , 26 , 26.5 ect). How can I profit by knowing this information? Can I take advantage of these preset orders on highly illiquid stocks? Any LEGAL ideas for profiting from this knowledge would be greatly appreciated! I know this by looking at the charts of stocks, you can see a significant buying support at the whole numbers. Therefore i can infer there are a large number of preset limit orders at these points.
Asked by tmac5445 - Wed May 14 19:25:17 2008 - - 2 Answers - 0 Comments

A. Limit orders are not public information, nor is that information gathered in such a way that it can be made public, so I don't know how and where you captured such information Based on my years experience in the trading areas of both firms and trading floors, I'd say most limit orders are NOT whole dollar of half dollar increments. You can take advantage of you information, there's no legal problems with it, mostly because it's not factual since such information is not made available to any one, including all regulatory agencies. Next
Answered by A nobody - Wed May 14 20:40:37 2008

What percentage of the profit to give to new partner in a restaurant setting?
Q. My uncle has a restaurant that needs money for an expansion. He already put in $250,000 and his friend is willing to loan him $50,000 but wants 20% of all future profit? Is his friend asking too much? What percentage is fair to give to his friend for future profits?
Asked by Bruce - Fri Nov 20 01:38:34 2009 - - 3 Answers - 0 Comments

A. No way is that a fair offer. He came to that number because $50K is 20% of the $300K total invested for the expansion. What isn't being considered is the time and energy spent to get the restaurant going to the point of needing to expand. I would say something more like 20% until 50K is paid and then continue paying 20% for 3 or 5 years. But all future profit forever is to much. And he isn't a "partner" he is an "investor". The difference is your uncle still makes all the decisions. Bringing a "partner" on means someone trying to help make decisions and that really complicates things.
Answered by douglas - Fri Nov 20 02:18:05 2009

What is the difference between not for profit and non profit companies?
Q. If one started a business and wanted to pay their volunteers; is that under the heading of non profit or not profit?
Asked by Deborah C - Fri Aug 25 11:28:50 2006 - - 5 Answers - 0 Comments

A. Probably the wording of laws in the state where they incorporate. A non-profit can still have paid employees... most hospitals pay the people who work there. Aloha
Answered by enufwork - Fri Aug 25 11:34:34 2006

How much profit is in a builder spec home?
Q. Looking at a spec home in a large development that is not selling well. They already discounted it from $249k to $207k How much profit is there in these homes? How desperate are builders to get rid of these homes? Will major home builders majorly negotiate the prices down even further, or do they stick to their asking price?
Asked by Mike - Fri Aug 17 20:06:56 2007 - - 2 Answers - 0 Comments

A. Well obvioulsy they can't afford to take a loss or bring money to the closing table. They may negotiate at this point. But don't get your hopes up for more than what you've seen so far. And if you know that they've reduced by $40,000, maybe that is as low as they can go.
Answered by Alterfemego - Fri Aug 17 20:20:04 2007

If you start a for profit business can you accept donations?
Q. Hey everyone - My friend and I are looking to start a for profit business that would fall into the environment area. Because this deals with going green etc, we could see donations as being a very real deal. We are college students and do not have money currently and donations would certainly help to start up the business. Once we get the website up and running, are we able to put a section for donations w/o having to go not for profit? Or does it not matter? Thanks!
Asked by Packers4 - Tue Sep 30 12:40:47 2008 - - 4 Answers - 0 Comments

A. I would check with a lawyer on the details. It can be done, but its a sticky situation that could get you in big trouble if you make a small mistake. You need to make sure that people know exactly where those donations are going and make it clear that you are not a non-profit organization. Many for-profit corporations use a non-profit division to shield themselves from the potential landmines associated with accepting donations, but this non-profit division needs to have legitimate charitable goals, and it needs to be able to show that the donations actually go toward achieving those goals.
Answered by SmartA$$ - Tue Sep 30 12:47:01 2008

What non profit organizations should I donate to over Christmas?
Q. I am 15 years old, and this Christmas Instead of naming gifts i would like to receive, I would rather have my parents donate money to different organizations. Can any one give me any information on real, non profit organizations? Or good websites i can visit? Have you donated there before? If so, how was a the experience?
Asked by i love my llulu bell - Sat Dec 5 11:03:42 2009 - - 3 Answers - 0 Comments

A. Check out MysticRhoads.Com They are an amazing non profit who raise money for Jamaican kids. They provide there poor rural kids with clothes and school supplies and tuition. They use 100 percent of donations towards the kids.
Answered by Chris Wolf - Mon Dec 7 13:44:07 2009

How do people start non profit corporations as members of the board of directors and end up making all the $?
Q. I have always wondered how people who claim to be "non profit" say they are just that, yet on the side they say they're the "owner", and they make all the money off the so called non profit. When you incorporate as part of the member of the board of directors, aren't you forbidden from being compensated for being on the board? How does all that work?
Asked by vsuzyq96 - Wed Feb 20 20:06:44 2008 - - 4 Answers - 0 Comments

A. The board should not be making money from the organization. One's time for serving on the board should not be in return for pay -- in fact, most board members provide some of the funding for an organization. Whether it's against the law or not, it's the industry standard that nonprofit board members are NOT paid, and your email is a perfect illustration of why paying board members at nonprofit organizations is a very bad idea, from a PR standpoint. However, I take issue with the other poster who said that her Executive Director makes more than 100K a year and that she thinks that's unreasonable. The ED is not a board member -- he or she is the head of the organization. Salaries are based on the responsibilities a person has and the… [cont.]
Answered by Jayne says READ MORE BOOKS - Thu Feb 21 03:15:57 2008

How can you profit from financial markets when the market is down?
Q. How can you profit from financial markets when the market is down?
Asked by asdfasdf a - Tue Mar 4 09:44:25 2008 - - 1 Answers - 0 Comments

A. Stay away from Financial stocks (Citigroup, Lehman, Morgan Stanley, Merrill, but not Goldman Sachs), short them if you see any rally. There is more room for the market to go down down down. Go long (buy) on hard and soft commodities (metals --gold, silver, platinum, etc; oil, wheat, corn, soybean, sugar,. Coffee is one commodity that is yet to catch up with all the other skyrocketing commodities). Look for ETFs (exchage traded funds) for these commodities (e.g. GDX for gold minres, SLV for silver, GLD for gold, and USO for oil).
Answered by ceteris_paribus - Tue Mar 4 20:58:33 2008

How do non profit organizations set up payroll accounting for executives?
Q. Our non-profit treasurer wants to know how to pay executive salaries and wants to see examples. Any help?
Asked by Gzen - Mon Jul 5 10:14:16 2010 - - 1 Answers - 0 Comments

A. You really need a treasurer with bookkeeping/accounting experience. or at least a copy of Quickbooks. Just because the organization is non-profit, employees still pay taxes, so make sure the appropriate deductions are made and properly allocated, and cut the checks.
Answered by Piggiepants - Mon Jul 5 14:57:21 2010

Can a non-profit organization require a grant be spent only at a specific company?
Q. I want to find a reliable source for information regarding rules that non-profit organizatons must follow when granting funds. Specifically, is it legal for a funding organization require that their grant funds be spent by the grantee only at a specific provider?
Asked by vertically challenged - Fri Mar 7 02:34:17 2008 - - 2 Answers - 0 Comments

A. government grants all come with contracts as to how the money can be spent and what it can be spent on part of a government agreement usually includes reporting responsibilities attached to the funding e.g. requiring an audit report this is from the perspective of the not for profit organisations being given funds by the government. I have never heard of a not for profit organisation which gives grants other than scholarship type arrangements and yes these can be worded so that the funds may only be spent with one supplier.
Answered by StatIdiot - Fri Mar 7 04:06:25 2008

What is the average profit margin for property management companies?
Q. I know it depends... I see quite a few property management companies with revenues in the millions, It seems likely that you would have high revenues with low profit margins, just curious.
Asked by Newdirection34 - Sat Jul 3 17:37:12 2010 - - 1 Answers - 0 Comments

A. You are correct, it all depends on the specific company and its size. It can range from highly profitable to a money losing operation. Most larger companies try for a profit of 20-25% of gross revenues after all expenses, incl. G&A, salaries, advertising, etc. But a little 1-man company may try to keep all of his expenses in the 20-25% range and his gross profit and earnings then would be in the 75-80% range for his labor and efforts.
Answered by cactusgene - Sun Jul 4 20:12:32 2010