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TryOwning · Foundations · Concept 10
Ticket 1 of 11, 0 done

Reading the numbers · 14 min

Profit, cash, and what you own

One report tells you if you made money. Two more tell you what you own, what you owe, and where the cash went. Here's how the three fit together.

PROFITBALANCE$$$CASH$
Ticket 01 · Warm-upTable 1

Warm-up: a case of fries

A quick one on stock, from the operations lesson. A $2,000example (example number: Simplified example: a big order of frozen fries, paid on the last day of the month.) delivery of frozen fries arrives on the last day of the month. Put what happens to that money in order.

Use the arrows to move each step up or down. The first step goes at the top.

  1. 1Number 1: Next month you cook and sell them: now they're a food cost
  2. 2Number 2: You pay for the delivery: cash leaves the bank
  3. 3Number 3: The fries wait in the freezer: stock you own, not a cost yet

Words to know

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We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

Sources and every number

Every number

  • $2,000example (example number: Simplified example: a big order of frozen fries, paid on the last day of the month.) · Simplified example: a big order of frozen fries, paid on the last day of the month.
Skip to the lesson
TryOwning · Foundations · Concept 10
Ticket 1 of 11, 0 done

Reading the numbers · 14 min

Profit, cash, and what you own

One report tells you if you made money. Two more tell you what you own, what you owe, and where the cash went. Here's how the three fit together.

PROFITBALANCE$$$CASH$
Ticket 01 · Warm-upTable 1

Warm-up: a case of fries

A quick one on stock, from the operations lesson. A $2,000example (example number: Simplified example: a big order of frozen fries, paid on the last day of the month.) delivery of frozen fries arrives on the last day of the month. Put what happens to that money in order.

Use the arrows to move each step up or down. The first step goes at the top.

  1. 1Number 1: Next month you cook and sell them: now they're a food cost
  2. 2Number 2: You pay for the delivery: cash leaves the bank
  3. 3Number 3: The fries wait in the freezer: stock you own, not a cost yet

Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

Sources and every number

Every number

  • $2,000example (example number: Simplified example: a big order of frozen fries, paid on the last day of the month.) · Simplified example: a big order of frozen fries, paid on the last day of the month.
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