Positive Operating income will result if gross profit exceeds operating expenses
expenses
We can say that the business is in profit
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
Sales Les: Cost of goods sold Gross Profit Less: Operating Expenses Operating Income
an operating profit
The basic principle is this. Income exceeds expenditure = PROFIT Expenditure exceeds income = LOSS No profit or loss = BREAK-EVEN
By ensuring your income exceeds your expenditure
expenses
We can say that the business is in profit
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
profit
Sales Les: Cost of goods sold Gross Profit Less: Operating Expenses Operating Income
an operating profit
Ordinary income refers to any income that is not capital gain. Operating income is how much revenue a company will profit.
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
gross profit
net operating income