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14y ago

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When total revenues exceed total expenses what is the difference called?

Net income


What can you do in addition to cutting all unnessary expenses to make sure your expenses don't exceed your income?

Increase your income!


What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income?

Get another job to increase income.


What can you in additional to cutting all unnecessary expenses to make sure your expenses don't exceed your income?

Get another job to increase income.


What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income...?

Get another job to increase income.


Net income will result during a time period when?

revenues exceed expenses.


What is the relationship between income and expenses before a break-even point is reached?

Before the break even point, total expenses exceed total income and there is a loss made.


If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?

Work overtime or get another job.


What is expenses minus income?

Expenses minus income is referred to as net income or net loss. If expenses exceed income, it results in a net loss, indicating a deficit in finances. Conversely, if income surpasses expenses, it results in a net income, reflecting profitability. This calculation is crucial for assessing financial health and budgeting.


Definition of net income?

The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.


What can you do if your expenses still exceed your income Once all unnecessary expenses have been removed from your budget?

Work overtime or get another job.


What is the difference amount of expense over income called when income exceeds expense?

Expenses more than income is called "Loss" Income over expenses called "Profit"