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Net income or Profit
False, as revenue increases the owners equity if expenses are less than revenues and vice versa.
Your total revenue less total expenses would be your net income.
Net income is negative which means that either company has earn less revenue or have incurred more expenses then revenue earned.
In the oil and gas industry it represents the working interest owner's share of gross revenue less taxes (production and severance), conservation fees, marketing and handling fees AND their share of operating costs. The owners costs are said to be "netted" against their revenue.
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
Net income or Profit
Gross income could be considered revenue. In business, revenue is received payments. Profit is revenue less expenses and cost of goods sold, if applicable.
A related business firm is a firm that gets less than 70 percent of its revenue from a primary area but still shares lines of revenue related to the primary area. This is in comparison to a single-business firm that gets more than 95 percent of its revenue from a single primary area.
False, as revenue increases the owners equity if expenses are less than revenues and vice versa.
this is obtained when a firm equates its marginal revenue to its marginal cost.At a level of output where MR exceeds MC,then the firm should increase output since the addition to revenue is greater than the addition to revenue.Where a firm's MR is less than its MC,the firm should lower its output since the addition to costs is greater than the addition to revenue.
Your total revenue less total expenses would be your net income.
Revenue from operations is the amount of money brought in from the sale of goods and/or services; other revenue includes any gains made on investments or other non-operating activities. Income and profit are basically synonymous. Both terms refer to the amount of money you've made at the end of the operating cycle. In its simplest form, profit is revenue less expenses. If the amount of money spent on operations (expenses) is less than the amount of revenue earned, there is a profit; if expenses are more than revenues, there is a loss. On a multiple-step income statement, gross profit is sales less cost of goods sold, profit from operations is gross profit less expenses, profit before taxes is profit from operations plus or minus any gains or losses from other revenue and expenses and net profit (also called net income) is profit before taxes less income taxes.
Net income is negative which means that either company has earn less revenue or have incurred more expenses then revenue earned.
Revenue 12000000 Less: Expenses @ 75% of revenue 9000000 Depreciation 1500000 Net Income 1500000
Gross profit is total revenue from the core activities less total expenses attributable to core activity of the entity.
Associate is typically based on the actual position within the firm. They have less time in the firm, though they may have more actual experience. But they are fully required.