Annual income means the sum of the entire income of the organization from its activities (the entire amount received from the sale of products) for the year. It is also called gross income, the annual turnover of the enterprise.
Instructions
Step 1
Calculate the amount of gross income in terms of the difference between the cash proceeds received from the sale of goods and the amount of material costs that went to the production of these products.
Step 2
Determine the total cost of all products manufactured during the year or the added value. Moreover, value added is the amount added to the total value of the developed product that was produced at each separate production stage. In addition, at each of these production stages, a certain cost of equipment depreciation and the amount of rent are added.
Step 3
Calculate the value of the organization's gross income per unit of production. It depends on the amount of goods sold and on the cost of each specific type of product. In this case, the formation of gross income for one type of product can be calculated using the following formula: multiply the cost of selling products by the number of products sold.
Step 4
Determine the sum of all available indicators that are included in the annual income: all income that is received as a result of the sale of goods, including various service or auxiliary industries; income from securities; income from operations (insurance, banking) carried out to perform financial services.
Step 5
Calculate the adjusted annual income, which is the amount of gross income less value added tax, excise tax and other receipts.
Step 6
Calculate the annual income using the formula: NX + lg + C + G, where
lg is the amount of investments of the organization;
С - indicator of the amount of consumer spending;
NX is an indicator of net exports;
G - the amount of the purchase of goods.
The listed amount in this case is expenses and is the annual income, and also reflects the market assessment of the company's activities for the year.
