answersLogoWhite

0


Best Answer

Net income is determined by subtracting expenses from income. This will give the actual amount of profits at the end of the day.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you determine net income?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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


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


What is NET INCOME plus INTEREST EXPENSE divided by TOTAL ASSETS?

I think you mean Net Income plus Interest Expensedivided by Total Average Assets.If that is the case, then it is the formula used to determine Return on Assets.


How is gross income different from net income?

net income is gross income less expenses


How can an agent determine a prospective client's Net Worth?

Ask for his tax returns, income statement, balance sheet.