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Principles of Finance: Unit 1, Income Statements: Margin, Operating Profits, and More 47 Views


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What is an income statement, and why do we need it in our lives? Well, let's take a look at an income statement for Year 1 of the Sauce Company, and see how they track overhead, revenues per unit, operating profits, and whatnot. Especially the whatnot.

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Transcript

00:00

commas are awesome. they're like the therapists of punctuation. he's

00:07

reminding us to slow down, and take a breath, every once in, a while. but just [couches converse]

00:14

because we love them does that mean we should be throwing a million of them

00:17

into our writing absolutely not? yes commas are great but there are some

00:21

places where they're helpful in some places where they're just not. one place [man holds up hands]

00:26

for commas? well lists with three or more items. every item in the list gets

00:30

separated with a comma. can't have them getting too cozy on the job there right?

00:34

so if you have a sentence like John picked up butter eggs and a big bucket

00:39

of grease, well you'll definitely want a comma right after butter to separate the

00:43

first two items. and another one right after eggs to separate the last two. [sentences on screen]

00:47

whether John's wife will definitely want that big bucket of grease well that's

00:51

another story. if your list is only two items long though you shouldn't use any

00:55

commas. so if our sentence had been John picked up butter and a big bucket of

01:00

grease well it should remain a completely comma free. it'd be nice if

01:04

John's home would remain completely free of buckets of grease, but hey you can't [man covers counters with buckets]

01:09

have everything. another good place for comma is between two independent clauses

01:13

joined by a conjunction. remember independent clauses can stand

01:16

by themselves expressing a complete thought like it was rainy out, or I

01:21

brought an umbrella. so if we wanted to join these two independent clauses with

01:27

a conjunction like so, we'd need to slip a comma between them right after out. if [sentences on screen]

01:32

it's really rainy you might also want to slip on a pair of rubber boots, and no

01:36

that's not a matter of good grammar just dry socks. on the other hand if we have

01:40

two independent clauses that aren't joined by a conjunction we don't need

01:43

any commas. so if we tried to join the independent clauses I was so tired and I

01:47

forgot my boots. throwing a comma between them would be a mistake which we call a

01:52

comma splice. and those are even worse than wet socks well you know that depends how you feel about [frowning kid in the rain]

01:57

bad grammar. we could also use commas to separate a non-restrictive element from

02:01

the rest of the sentence. well a non-restrictive element is

02:04

something we can cut right out of a sentence without changing its meaning.

02:08

for example in a sentence like the dog which I got from the pound can do five

02:13

tricks. which I got from the pound is a non-restrictive element because the [sentences on screen]

02:17

sentence would still be complete as the dog can do five tricks so we'd need to

02:22

separate the non-restrictive element from the rest of the sentence with a

02:25

couple of commas. of course if one of the dogs tricks is

02:28

separating no constrictive elements while he might have already done it for [dog wags tail]

02:32

you. good boy. however comma shouldn't always be used

02:35

for separating especially if you've got a dependent clause or a restrictive

02:38

element on your hands. in a sentence like the dog caught a frisbee while I was

02:43

tying my shoelaces, well, while I was tying my shoelaces is a dependent clause

02:47

so the sentence should remain comma free. similarly in a sentence like the

02:52

shoelace I was tying turned to dust. I was tying is important to

02:57

understanding the sentence. so it's a restrictive element which means no

03:01

commas. although we might think about getting new shoelaces. pretty tough to [man ties shoes]

03:05

tie dust into a nice bow.

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