short answer is Yes but you have to add in cost of merchandise sold. Here is the formula that you use
Merchandise Business
Sales - Cost of Merch Sold = Gross profit
Gross profit - Operating expenses=Net Income
whereas Service Industry
Fees Earned
- Operating Expenses
Give you Net Income
budgeted unit sales - beginning merchandise inventory + desired merchandise ending inventory.
Net income or Profit
The point at which the value of sales of an item equals the total expenses incurred in producing or obtaining it.
Change in operating earning will be as follows: Change in earning = (100000 - 75000) * 3 change in earning = -25000 * 3 = -75000
An application of accrual accounting is the notation of expenses as opposed to revenue earned in the same period. Revenue is only shown when it is realized or expected. In accrual accounting assets minus liabilities equals revenue.
False
selling price
Net income plus operating expenses equals gross profit, or total revenue. To calculate net income, accountants subtract total expenses from total revenues.
Not really...Gross profit = Net sales - Cost of goods soldThe profit on an item is not dependent upon all of your operating expenses. You would include operating expenses to determine net income for the business, but not to calculate gross profit for the sale of inventory.
no u iodiot revune - expense = n/i
Cost of goods plus gross profit margin equals to total sales revenue of firm.
Net operating income (NOI) is a calculation used to analyze real estate investments that generate income. Net operating income equals all revenue from the property minus all reasonably necessary operating expenses.
budgeted unit sales - beginning merchandise inventory + desired merchandise ending inventory.
The profit of a business equals all income (of all types) less all epenses paid by the business gives you the net profit of the business. Most businesses produce a Profit & Loss Statement which will provide the net profit after income and expenses. http://taxresolutionaires.blogspot.com
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
Net income or Profit
Net Premium