0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
When you subtract sales and excise taxes from the net national product you have calculated?
National Income
When you subtract sales and excise taxes from the net national product you have calculated the?
National Income
What happens to net income if inventory is understated?
If inventory is understated, net income is also understated because cost of goods sold will be overstated
How is national income estimated by income distribution method?
In this method, national income is measured at the stage when factor incomes are paid out by the production units to the owners of the factors of production. The main steps involved in this method are as follows: (1) Classify the production units into distinct industrial sectors like agriculture, forestry, manufacturing, banking, trade etcetera. (2) Estimate the following factor incomes paid out by the production units in each industrial sector: (a)Compensation of employees (b)Rent (c)Interest (d)Profit The sum total of the above factor incomes paid out is the same as net value added at factor cost the industrial sector. (3) Take the sum of factor payments by all the industrial sectors to arrive at the net domestic product at factor cost. (4) Add net factor income from abroad to the net domestic product at factor cost to arrive at the net national product at factor cost.
How the net factor income from abroad is computed?
net foreign factor is the income earned by citizens of a nation while they are working abroad
What is Net National Product at factor cost?
all final goods that produce in the rest of the world
How does a company calculate Net Income?
Net income = Net Sales - Expenses (the cost of doing business)
Calculate net income in accounting?
Net Income = Sales - Gross profit Gross Profit - Cost of Production = Net Income
What indicate the national income?
national income = NNP ( net national product) - indirect business taxes
What does NNI stand for?
Net National Income
What is net national disposable income?
net national disposable income is a sum of the gross disposable income of the institutional sectors. Net national disposable income may be derived from net national income by adding all current transfers in cash or in kind receivable by resident institutional units from non-resident units and subtracting all current transfers in cash or in kind payable by resident institutional units to non-resident units.
What is a dividend factor?
Dividend factor = Net earned income / dividend earning shares
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
When you subtract sales and excise taxes from the net national product you have calculated?
National Income
When you subtract sales and excise taxes from the net national product you have calculated the?
National Income
