Thanks man. Even someone with no business background understands this now thanks for taking us through the ropes. Much appreciated from South Africa
@TwoTeachers11 ай бұрын
This is great to hear, good luck getting started in business!
@efeosaogbonmwan4723 ай бұрын
bro is the reason why im passing my exams💀💀
@TwoTeachers3 ай бұрын
Great to hear, hope you get a good grade
@rexcracin864211 ай бұрын
This is broken down perfectly! Very detailed and easy to comprehend. Much appreciated!👌
@TwoTeachers11 ай бұрын
Glad it was helpful!
@cecilyngoka96779 ай бұрын
Okay two teacher gross and net profit and revenue
@cecilyngoka96779 ай бұрын
Good for me
@songkaiying Жыл бұрын
I studied enterprise 2 years ago and everything regarding finance just flew over my head. This video refreshed my mind! Thank you so much for making such a comprehensible guide!
@TwoTeachers Жыл бұрын
Glad it was helpful, this is great to hear!
@brailyramos6892 Жыл бұрын
@@TwoTeachers But something that i still don't understand is the differences of a gross margin and gross profit margin. Let's say it like this (Gross Margin and Profit Margin vs Gross Profit Margin).
@vasilikikafourou86242 жыл бұрын
Currently, am the most irrelevant person in this field, but I have a course in which I need to create my personal development plan as a personal trainer, and this video, covered on my mind in just 8 minutes, all that I had to know about profits, expenses, and financial business monitoring/development formulas! Great job guys! I wish you millions of subscribers!
@TwoTeachers2 жыл бұрын
Love to hear this Vasiliki, we wish you all the best in your venture as a personal trainer and thank you for the kind words!
@AlagieCeesay-q7t8 күн бұрын
Thanks
@imadkaroum19933 ай бұрын
thanks
@TwoTeachers3 ай бұрын
You're welcome!
@Ceej163 жыл бұрын
thank you so much this has been very very informative i looked at so many different articles about this but none made sense as easily as you have. thank you so much
@TwoTeachers3 жыл бұрын
Your are welcome CJ! Really glad we could help you. Best of luck with your studies 👍
@ainsmas3612 жыл бұрын
Lovely lovely video, makes things so easy and I love that graphics
@TwoTeachers2 жыл бұрын
Thank you, really glad it was useful 😁
@malikamadouseidoumossi77054 жыл бұрын
Wonderful guys. I have found this video more than useful. Thank you so much. I have spent hours searching for explanations before finding this. I have actually downloaded it. Thank you
@TwoTeachers4 жыл бұрын
That's fantastic to hear Malik, glad we can help. We've plenty more finance related topics such as cashflow and break even on our channel. Feel free to use & share 😀
@bickle09224 жыл бұрын
Dahm i was hoping someone would comment the answers
@TwoTeachers4 жыл бұрын
Ha, now that would be too easy.
@cecilyngoka96779 ай бұрын
Thankful for me and now l understand business planning.
@TwoTeachers8 ай бұрын
Excellent, glad we could help.
@thomasr10512 жыл бұрын
Really helpful condensed video with great visuals. You have a very clear voice as well. One note. The music was distracting. I think music is a good edition generally but quiter and lower energy
@TwoTeachers2 жыл бұрын
Great to hear that Thomas and this is an older video, we now don't use the music as much, so hopefully you will prefer our new explainer videos.
@user-jf9we4fo5x7 ай бұрын
Really good honestly❤
@TwoTeachers7 ай бұрын
Great to hear you think so!
@rubinatolopez1097 Жыл бұрын
well done
@TwoTeachers Жыл бұрын
Thanks mate 👍
@giantcat43543 жыл бұрын
This was a very clear, concise and helpful video. Thanks, subscribing.
@TwoTeachers3 жыл бұрын
Glad you found it useful and thanks for subscribing, appreciate it!
@phironcjones4057 Жыл бұрын
I just came across this video is super helpful. Thank you so much.
@TwoTeachers Жыл бұрын
You are so welcome!
@sl1ckspurs4 жыл бұрын
This was superb guys! Thanks kindly for doing this. Keep up the good work.
@TwoTeachers4 жыл бұрын
Thankyou very much, really appreciate it. We're only just getting started, lots more business content to come!
@Louisduffelsdesforges12 жыл бұрын
Thank you
@TwoTeachers2 жыл бұрын
You're welcome
@kirstraath28974 жыл бұрын
Thank you. Explained nicely
@TwoTeachers4 жыл бұрын
You're welcome, glad it helped 👍
@stelingtonumiong55752 жыл бұрын
I want to learn more about business 🙏🏻👍
@TwoTeachers2 жыл бұрын
Well we have plenty of videos to get you started 👍
@matthewbaker24863 жыл бұрын
Fantastic video
@TwoTeachers3 жыл бұрын
Thank you Matthew appreciate you saying that 👍
@Zahra2008.3 жыл бұрын
i hate maths but now its time to push ourselves 😅 as am taking over a restaurant . very clear explanation . i got this finally. thanks dude and looking forward to watch more of yours. ill subscribe from my phone. 👍
@TwoTeachers3 жыл бұрын
Really appreciate that and best of luck with the restaurant 👍
@stelingtonumiong55752 жыл бұрын
Same 🙏🏻👍🤭thought good teacher
@eveningrose89462 жыл бұрын
Great video! What’s the name of the song in the background?
@TwoTeachers2 жыл бұрын
Thank you, it’s just a generic sound with no copyright on it 🤷♂️🤷♂️
@urah12cury3 жыл бұрын
thank you so much!
@TwoTeachers3 жыл бұрын
Thanks for watching, appreciate it👍
@ramens4 жыл бұрын
Interesting...
@TwoTeachers4 жыл бұрын
Extremely interesting...
@cocoarecords2 жыл бұрын
amazing
@TwoTeachers2 жыл бұрын
Thanks mate
@Jehnniel3 жыл бұрын
Thank you so much
@TwoTeachers3 жыл бұрын
You're welcome Jehnniel, glad you found it useful.
@m77ast3 жыл бұрын
Next level info.. Thanks guys - Starting to look into this stuff.. I dont know why my accountant always puts my COGS at the bottom.
@TwoTeachers3 жыл бұрын
Thanks for the positive feedback, appreciate it. Hope you enjoy the rest of our content.
@Josephine-kt6ji2 жыл бұрын
Thank you very much for the great sharing, it helps me at the right time, appreciate :)
@TwoTeachers2 жыл бұрын
Excellent. Glad we could help
@RayGBullet Жыл бұрын
after a sleepless night i found the video that actually helped me, thank you.
@TwoTeachers Жыл бұрын
Great to hear, now get some sleep! Haha
@furquanabr2765 Жыл бұрын
Excellent video, when it comes to expenses are fixed and variable expenses both included?
@TwoTeachers Жыл бұрын
Thank you, glad it was useful! Yes fixed and variable are included in expenses :)
@H2Ojellyfish3 жыл бұрын
What the difference between gross income and gross profit?
@TwoTeachers3 жыл бұрын
Both the same just different terms 👍
@jasminetaylor54162 жыл бұрын
Your videos are my ' go to' when studying business! Ty so much for all the useful content.
@TwoTeachers2 жыл бұрын
Love that! Glad we are helping 👍
@m77ast3 жыл бұрын
There is one thing I need help with though. Our organisation makes a lot of products. I see you are using all the products and all the COGS. However I am trying to work out product price since so much of the operating expenses and even staff are shared by the different product divisions. Thanks in advance. In the mean time Im going through the rest of your channel to see other nuggets that I can take away
@TwoTeachers3 жыл бұрын
So are you saying, the majority of your fixed costs and overhead expenses are split between different departments/product divisions? If so, the individual costs for each product would have to be calculated through a process called apportionment. Whereby, you calculate how much each expense is used by each department or division i.e. 20% department 1, 35% in department 2 and 45% in department 3. The cost is then split according to these percentages and spread across the units produced per product.
@m77ast3 жыл бұрын
@@TwoTeachers you are talking about internal department cost allocations. Management accounting. I was talking about product cost allocation but I guess it can be done the same way we can allocate all our costs as equal percentages or relative percentages over our product lines. People reading this - the moral of the story is that your calculations are done on yearly figures not on daily or weekly. The yearly figures are calculated and then divided down to weeks and days. Hope this helps.
@TwoTeachers3 жыл бұрын
@@m77ast brill, hopefully that's clarified the matter, yes I agree, just apportion your costs according to usage etc. where possible to get an accurate price per unit.
@m77ast3 жыл бұрын
Yes the problem was that I was analysing the figures at a micro level. But when you look at what’s happening in the year - everything becomes easy. You guys are doing an excellent job. Much appreciated guys. Much appreciated.
@H2Ojellyfish3 жыл бұрын
What’s the difference between net profit and net income?
@TwoTeachers3 жыл бұрын
Both the same just different ways of saying it. Thanks for watching.
@bilenmesfin18093 жыл бұрын
I don't get it ? So you're saying gross profit margin and net profit margin formula are the same 😕 Can you please explain it for me😊
@TwoTeachers3 жыл бұрын
Hi Bilen, they are different. They are both based on sales revenue, so that part is the same, but what changes is what you deduct from the sales revenue. The gross profit is based on the cost of goods sold which is only one portion of the businesses costs, whereas the net profit deducts the total expenses of the business which will typically result in a lower amount of profit being calculating when using net instead of gross.
@bilenmesfin18093 жыл бұрын
@@TwoTeachers Thank you
@TwoTeachers3 жыл бұрын
@@bilenmesfin1809 you're welcome.
@jasonheard52933 жыл бұрын
Sorry for asking but Isn’t Labour wages ? So classed as a fixed cost ?
@shanunjamali Жыл бұрын
*Isn't it: Gross profit = sales revenue - Cost of goods.* *Then, Net profit = Gross profit - others Costs.*
@TwoTeachers Жыл бұрын
It's as explained in the video.
@WessleyNeal4 жыл бұрын
Sales revenue is net?
@TwoTeachers3 жыл бұрын
Sales revenue is used for both calculations Wessley. what changes is what you deduct from the sales revenue. The gross profit is based on the cost of goods sold which is only one portion of the businesses costs, whereas the net profit deducts the total expenses of the business which will typically result in a lower amount of profit being calculating when using net instead of gross.
@beautybylulutv19752 жыл бұрын
So I am a bit confused, should salaries be paid included in expenses before arriving at the net profit? I would appreciate some clarity on this.
@TwoTeachers2 жыл бұрын
That is correct. Salaries are an expense that is deducted from gross profit along with other expenses to arrive at a net profit figure.
@beautybylulutv19752 жыл бұрын
@@TwoTeachers Thanks so much.
@TwoTeachers2 жыл бұрын
No problem. Glad we could help 👍
@beautybylulutv19752 жыл бұрын
Should salaries be paid from gross profit? I need some clarity on this
@TwoTeachers2 жыл бұрын
Yes. That is right 😁
@mattiatiberi24714 жыл бұрын
With all respect for your work.. I found the video difficult to follow because of the annoying music in the background. I, as a general viewer, either want to learn something or I want to listen to music. Please cut the music, don't stretch the content and you will have less work to do and more subscribers... A total win-win!!!! Cheers
@TwoTeachers4 жыл бұрын
Thanks for the feedback Matt, will consider you thoughts 👍
@michaeljevdokymenko73593 жыл бұрын
the music is essential to keep you entertained and not sleepy while watching it as a simple slide show is boring. that's a win-win
@TwoTeachers3 жыл бұрын
@@michaeljevdokymenko7359 thanks Michael, each to their own, we like the background music too, keeps us engaged.
@francescotagliavento80813 жыл бұрын
what is the gross profit if the elements of the income statemnt look as follows: secondary income 33,000; COGS 68.000; depreciation 500; sales 100,000? a)32,000 b) 20,000 c)32,500 d)25,000 e) none of above answers is correct Someone could help me? I don't know how to calculate that?
@TwoTeachers3 жыл бұрын
Hi Francesco, it would be £64,500. 100,000 (sales) + 33,000 (secondary income) - 68,000 (COGS) - 500 (depreciation). Hope that helps.
@ScottyUnit693 ай бұрын
Got a business exam tmr im fucked
@TwoTeachers2 ай бұрын
Hope it went well, fingers crossed you passed.
@jesse-hs4xh3 ай бұрын
where r u from mr sir.
@TwoTeachers3 ай бұрын
England
@orental59962 жыл бұрын
Hi, thanks for the video I want to make sure I understand so I will share an example of a business that is for sale. Cleaning Businesses: the price is $45,000 | Cash Flow: $26,770 CF | Gross Revenue: $30,000 GR | What does it mean ? What's the net ? is it a good investment?
@TwoTeachers2 жыл бұрын
We'd love to help Oren but unfortunately we aren't able to advise on business opportunities for legal reasons. Hope you understand.
@brailyramos6892 Жыл бұрын
But something that i still don't understand is the differences of a gross margin and gross profit margin. Let's say it like this (Gross Margin and Profit Margin vs Gross Profit Margin).
@TwoTeachers Жыл бұрын
Gross profit is the money left over after a company’s costs are deducted from its sales. Gross margin is a company’s gross profit divided by its sales and represents the amount earned in profit per dollar of sales. Gross profit is stated as a number, while gross margin is stated as a percentage. This article may help you Braily www.shopify.com/uk/blog/gross-margin-vs-gross-profit
@brailyramos6892 Жыл бұрын
@@TwoTeachers Thank you so much for the link! you're an angel! How that website described it, can't be more simple than that is impossible and if somebody don't understand with that link, I believe they will never understand business.
@TwoTeachers Жыл бұрын
@@brailyramos6892 glad to hear that we've helped you Braily.
@dhruvpandya45752 жыл бұрын
why cant we just include all expenses in total expenses ad directly subtract it from total sales and get net expense why the fuck we need this gross thing
@TwoTeachers2 жыл бұрын
Helps understand how much profit the business is making before expenses are taken away.