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How can we determine the net income (loss) for the period?
To determine the net income (loss) for a period, subtract total expenses from total revenue. If the result is positive, it is net income. If the result is negative, it is a net loss.
How can one determine the net income loss of a business?
To determine the net income loss of a business, subtract the total expenses from the total revenue. If the result is negative, it indicates a net income loss.
How does income taxes affect net cash flow?
An individual's net income is used to determine how much income tax is owed. ... cash flows from operating activities ...
What requires that expenses will be matched with revenues to determine net income?
Matching
Why are inventories included in the computation of net income?
To determine cost of goods sold
What percent of his net income can he spend on the other things?
To determine what percent of his net income he can spend on other things, you need to first identify his total net income and the amount allocated for essential expenses. Subtract the essential expenses from the net income to find the remaining amount. Then, divide that remaining amount by the total net income and multiply by 100 to find the percentage. For a precise answer, specific figures are needed.
After gross profit is calculated operating expenses are deducted to determine?
net operating income
Why does capital budgeting look at cash flows and not net income?
Affect of net income is hard to determine due to any specific assets that's why capital budgeting decision making involves cash flows to determine cost and benefit analysis.
Formula for net income?
Net income percentage = Net income / Revenue
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
Formula for net income percentage?
Net income percentage = Net income / Revenue
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
