0
Gross, which from a word meaning big, is the bigger one. Net is what's left after deductions in the case of salaries, or operating costs in the case of profits.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How could net profit be greater than gross profit?
It is impossible for net profit to be greater than gross profit. Gross profit is the income made before any expenses. Net profit is less once all expenses have been deducted.
Explain how a business can earn a positive gross profit on its sales and still have a net loss?
A business can earn a positive gross profit on its sales and still have a net loss. The gross profit is simply the sales minus cost of goods sold. If the gross profit is less than expenditure, it will result into a net loss.
Does gross less commissions mean net?
yes
Is there a way to remember the difference between gross and net?
Just remember the fact that "gross" is german (and also french) for "large" therefore gross is "larger" than net. so in the case of income for example...your gross income is "larger" than your net income (i.e. gross income is before tax). in the case of a can of food, gross weight is "larger" than net weight (i.e. gross is weight of the food+tin+water...net weight is weight of just the food).
Is net loss is greater than gross loss?
No
How could net profit be greater than gross profit?
It is impossible for net profit to be greater than gross profit. Gross profit is the income made before any expenses. Net profit is less once all expenses have been deducted.
How is gross income different from net income?
net income is gross income less expenses
Is net premium written gross premium written less net ceded premium meaning gross ceded premium less ceding commission?
Net Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.
Explain how a business can earn a positive gross profit on its sales and still have a net loss?
A business can earn a positive gross profit on its sales and still have a net loss. The gross profit is simply the sales minus cost of goods sold. If the gross profit is less than expenditure, it will result into a net loss.
Is net pay always more than gross pay?
No ... Net pay is what you get to take home after taxes. Gross pay is your salary before taxes.
What is a net income?
gross income less expenses
Does gross less commissions mean net?
yes
How can you use the word net pay in a sentence?
Since the economy had been doing badly, his net pay had dropped. His net pay was much less than his gross pay.
Define gross block and net block?
Net block is the gross block less accumulated depreciation on assets. Net block is actually what the asset are worth to the company
Is there a way to remember the difference between gross and net?
Just remember the fact that "gross" is german (and also french) for "large" therefore gross is "larger" than net. so in the case of income for example...your gross income is "larger" than your net income (i.e. gross income is before tax). in the case of a can of food, gross weight is "larger" than net weight (i.e. gross is weight of the food+tin+water...net weight is weight of just the food).
Gross profit and net profit?
Gross and Net profit are virtually the same. They both calculate EBT, earnings before taxes - all overhead and salaries.
Is net loss is greater than gross loss?
No
