define profit sharing
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profit sharing Definition of profit sharing. : a system or process under which employees receive a part of the profits of an industrial or commercial enterprise.
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profit margin Definition of profit margin: Ratio of profit after taxes to cost-of-sales, often expressed as a percentage. It is one of the measures of the profitability of a firm, and an indicator of its cost structure. Formula: After-tax ...
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- Profit may refer to: Profit (accounting), the difference between the purchase price and the costs of bringing to market. Profit (economics), normal profit and economic profit. Profit (real property), a nonpossessory interest in land.
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profit-sharing (Commerce) a system in which a portion of the net profit of a business is distributed to its employees, usually in proportion to their wages or their length of service.
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Common managed care terms and definitions Cost sharing: A broad term representing the ways in which a covered member shares in the cost of healthcare services with the health plan. Examples of this include deductibles, co-payments, and coinsurance.
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job sharing Definition of job sharing: Alternative work schedule in which two employees voluntarily share the responsibilities of one full time job, and receive salary and benefits on pro-rata basis. Job sharing creates regular part time ...
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profit sharing plan profit sharing plan. Employee motivation plan (established and maintained by an employer) under which employees receive a share of the firm's profits determined by an agreed upon formula. See also stock bonus plan.
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- A money purchase pension plan is very similar to a profit‐sharing plan. In fact, the two plans are so. similar that each type of plan is specifically required to identify itself as either a money purchase. pension plan or a profit‐sharing plan in the plan document.
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What is a 'Profit Margin' Profit margin is a profitability ratios calculated as net income divided by revenue, or net profits divided by sales. Profit margin is a profitability ratios calculated as net income divided by revenue, or net profits divided by sales.
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Profit (economics) Profit (economics) In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit. Normal profit is the profit that is necessary to just cover the opportunity costs of the owner-manager or of the firm's investors. In the absence of this much profit, these parties would withdraw their time and funds from the firm and use them to better advantage elsewhere. In contrast, economic profit, sometimes called excess profit, is profit in exces
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- Profit sharing is an incentive plan that distributes a portion of an organization's profits to its employees. The company contributes a portion of its pre-tax profits to a pool that will be USLegal Home
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What Is Profitability? - Definition & Analysis Profitability is the ability of a business to earn a profit. A profit is what is left of the revenue a business generates after it pays all expenses directly related to the generation of the revenue, such as producing a product, and other expenses related to the conduct of the business activities.here are many different ways for you to analyze profitability. This lesson will focus on profitability ratios, which are a measure of the business' ability to generate revenue compared to the amount of expenses it incurs. Let's look at a few of the primary analytical approaches.
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What is a Profit Center? Definition: A profit center is a business unit or segment that generates revenues and incurs costs. In other words, it’s a department that uses company resources to generate income. You can think of this as a segment that earns money or creates sales for the business.
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- With the right consulting firm providing assistance, a Profit Sharing plan can be an excellent way. for the business owner to save for retirement. 401(k) Plan. A 401(k) plan is a Profit Sharing plan which allows the employees to make their own tax deductible contributions.ith the right consulting firm providing assistance, a Profit Sharing plan can be an excellent way. for the business owner to save for retirement. 401(k) Plan. A 401(k) plan is a Profit Sharing plan which allows the employees to make their own tax deductible contributions.
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profit sharing the sharing of profits, as between employer and employee, especially in such a way that the employee receives, in addition to wages, a share in the profits of the business. There are various methods of increasing earnings by profit sharing.
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Profit Margin The profit margin is a measure of the amount of profit accruing to a firm from the sale of a product or service. It also provides an indication of efficiency in that it captures the amount of surplus generated per unit of the product or service sold.
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Gross profit Gross profit. From Wikipedia, the free encyclopedia. In accounting, gross profit or sales profit or credit sales is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments.Note that this is different from operating profit (earnings before interest and taxes).ross profit. From Wikipedia, the free encyclopedia. In accounting, gross profit or sales profit or credit sales is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments.
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economic profit economic profit. Definition. The amount remaining after subtracting from the total income of a company the total monetary cost of all business activities, as well as the opportunity cost of profits that could have been made by investing resources in alternative business activities.
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Health Insurance Definitions: What the Terms Mean The arrangement that defines how you and an insurer pay for insured services or items. Coinsurance, copayment and deductibles are all forms of cost sharing. Premiums, payments for uncovered health care supplies or services, or fees paid to out-of-network providers are not shared costs.
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- Cost Share is the portion of a project or program cost not borne by the sponsor. It is the University's share in the cost of conducting the project/program. Cost sharing occurs either when a sponsor requires, or the University commits in a proposal, funds beyond those awarded by the sponsoring agency to support a particular grant or contract.
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profiteering Definition. Disproportionately large or grossly unfair profit, generated often through manipulation of prices, abuse of dominant position, or by exploiting a bad or unusual situation such as temporary scarcity. There is usually no governmental control over profiteering unless it involves illegal means.
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Introduction Many luxury cars today come with a valet key. It is a special key you give the parking attendant and unlike your regular key, will not allow the car to drive more than a mile or two. Some valet keys will not open the trunk, while others will block access to your onboard cell phone address book.
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Job sharing Job sharing. Job sharing or work sharing is an employment arrangement where typically two people are retained on a part-time or reduced-time basis to perform a job normally fulfilled by one person working full-time. Since all positions are shared thus leads to a net reduction in per-employee income. The people sharing the job work as a team to complete the job task and are equally responsible for the job workload. Compensation is apportioned between the workers. Working hours, pay and holidays are divided eq
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Profitability ratios Definition. Gross profit margin (gross margin) is the ratio of gross profit (gross sales less cost of sales) to sales revenue.It is the percentage by which gross profits exceed production costs. Gross margins reveal how much a company earns taking into consideration the costs that it incurs for producing its products or services.efinition. Gross profit margin (gross margin) is the ratio of gross profit (gross sales less cost of sales) to sales revenue.
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- In 1985, Garrity took a dramatic step and solidified the foundry's relationship with its employees--Richmond Casting introduced profit sharing to its 36 employees. In models with variable capital, the question of the effect of profit sharing on employment does not reduce to the question of its effect on wages. Other plans limit profit sharing to production workers, but include indirect labor such as supervisors and maintenance personnel.
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Cost-Volume-Profit Analysis Cost-Volume-Profit Analysis (CVP) Definition. Cost-Volume-Profit (CVP) Analysis is a tool for planning and decision-making that emphasises the interrelationships of cost, quantity sold, and price (Hansen et al., 2007). It studies the effects of changes in cost and volume on a company's profits (Weygandt et al., 2009).