Net Income is revenue minus expenses. Assets minus liabilities is Net Worth.
Profit or Net Income
true
Yes, gross profit minus expenses equal to net income as proved by following: Sales xxxx less: Cost of sales xxxx Gross profit xxxx Less: Admin & Selling expenses xxxx Other expenses xxxx Net Income xxxx
Net income is your revenues minus your expenses. For example, if a store had $100,000 in sales, but their expenses for rent, employees, supplies, etc is $60,000 then they had a net income of $40,000.
Net Income is revenue minus expenses. Assets minus liabilities is Net Worth.
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
Profit or Net Income
Yes.
true
Income statements show net income for a period of time (income minus expenses).
Yes, gross profit minus expenses equal to net income as proved by following: Sales xxxx less: Cost of sales xxxx Gross profit xxxx Less: Admin & Selling expenses xxxx Other expenses xxxx Net Income xxxx
Net income is your revenues minus your expenses. For example, if a store had $100,000 in sales, but their expenses for rent, employees, supplies, etc is $60,000 then they had a net income of $40,000.
"Net income" simply means income minus expenses.
Your total income before taxes, but minus the business expenses incurred.
yes
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.