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Gross profit is the total money you made. Net income is what is left of that money after you pay all your expenses: Heat, light, employee salaries, insurance, etc.
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What is the difference between Gross Revenue and Gross Profit?
Gross revenue is the total sales/income from the primary business activity. Gross profit is Net Sales minus Cost of Goods Sold. Look at a multiple-step income statement for clarification.
Difference between gross income and net income?
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Is the discount received added gross profit as income?
yup it is as it is an income so we add it in the gross profit....
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
What is the difference between gross margin and profit margin?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is the difference between Gross Revenue and Gross Profit?
Gross revenue is the total sales/income from the primary business activity. Gross profit is Net Sales minus Cost of Goods Sold. Look at a multiple-step income statement for clarification.
Difference between gross income and net income?
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What is the Difference between gross profit and fluctuating profit?
The difference is, that gross profit includes deduction from manufacturing cost. Sales value - Rawmaterial - Freight = Fluctuating Profit - Manufacturing Cost - Procurement = Gross Profit - Operating Expenses = Operating Profit
Is the discount received added gross profit as income?
yup it is as it is an income so we add it in the gross profit....
What is the difference between gross margin and gross profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is the difference between operating profit and profit margin?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
Gross profit and net profit?
Gross and Net profit are virtually the same. They both calculate EBT, earnings before taxes - all overhead and salaries.
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
What is the difference between gross margin and profit margin?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is the difference between potential gross income and effective gross income?
One is better than the other.
What is difference between sales and prime cost?
gross profit
What is the difference of gross profit and gross margin?
Gross profit is the amount of profit in dollars...gross margin is the % profit to expenses
