/37 Business Networks $100 Dollar Exercise on Profitability By Les Cunningham CGC, CR*, CCR, CGR* *A NARI Certification

/37 Business Networks Beliefs n BN believes that the ownership of the company should receive 10% of gross sales before taxes. n BN also believes that the shareholders of the company should receive 10% of gross sales before taxes

/37 You Star With $100 n 83 One Dollar Bills = $83 n A Roll of Quarters = $10 n A Roll of Dimes = $5 n A Roll of Nickels = $2

/37 Income Statement

/37 Accountant/Bookkeeper n The Accountant/Bookkeeper will reads the percents starting with number 5 ending with 57.

/37 n The Biggest Doubting Thomas in the Company takes money by percent as read to them and puts it in the trash. (i.e. line item 5 is 17%. They would take seventeen dollars and throw it in the trash can.)

/37 Discussion n Why is there a lack of profitability, and critical need for the company to develop a correct net profit.