A secretary can command a more comparable salary to that of an office coordinator if she assists a company owner or high-level executive. The BLS reported a median salary for executive secretaries of $48,120 as of 2011, and for office managers or coordinators, $52,330.
The difference is that little $400 discount, which adds up to $400,000 in gross profit each year. Thatâs amazing, isnât it? Front-end gross profit is simply the selling price of a unit minus the cost, and does not include earnings from the finance & insurance department, parts department, or service department.For example, if a dealership sells a unit for $7,400 that costs them $6,400, the front-end gross profit would be $1,000.he difference is that little $400 discount, which adds up to $400,000 in gross profit each year. Thatâs amazing, isnât it? Front-end gross profit is simply the selling price of a unit minus the cost, and does not include earnings from the finance & insurance department, parts department, or service department.
Gross Margin. Gross margin represents the percentage of net sales that the firm takes in as gross profit. It equals gross profit divided by net sales. If you have sold $500,000 worth of product, and the cost of goods sold is $300,000, the gross profit is $200,000. The gross margin is $200,000 divided by $500,000 which equals 40 percent. A business should not focus on gross margin exclusively, since you can increase gross margin but end up with less in gross profits. If your gross profits drop to $170,000 and sales decline to $400,000, gross margin would be higher, at 42.5 percent, yet gross profits would be $30,000 lower. Contribution Margin Contribution margin is a more relevant measure to assess the profitability of additional products sold, and only takes into account variable costs.