Gross profit=Net sales−CoGSwhere:Net sales=Equivalent to revenue, or thetotal amount of money generated from salesfor the period. It can also be called net salesbecause it can include discounts and deduc-tions from returned merchandise. Revenueis typically called the top line because it sits...
A fully service lease is one of the easiest gross lease options available. It requires the tenant to cover just the rent while the landlord assumes responsibility for every othercost. As such, the property owner calculates the cost of other expenses, such as utilities, property taxes, and main...
Gross pay is the total amount of money that you pay to an employee, but it’s not the total amount they take home. Taxes, benefits, and other deductions are taken from gross pay, reducing the final sum that your employee receives. Ensuring that both you and your employees understand what...
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Net income is the total amount of profit a company makes over a given period after all expenses are deducted. Businesses can calculate their net income over a designated period using the following formula: Net income = (gross revenue during a given period) - (total expenses) Often referred ...
Amount To be the same as or equivalent to. He was a pretty good student, but never amounted to much professionally. His response amounted to gross insubordination Number Numbers (used with a sing. verb) See Table at Bible. Amount To go up; to ascend. Number One of the separate offerings...
the soap was made. For someone with a steady job, the gross profit rate would be hissalaryor pay rate minus the costs incurred in performing the job, including commuting costs and vehicle maintenance. When individuals incur expenses while making a profit, the expenses are often tax deductible....
What is the gross profit meaning? Gross profit is the difference between a company's total revenue and its total cost of goods sold, which is calculated by subtracting the cost of goods sold from the total revenue. It is also referred to as gross margin or gross income. Gross profit is ...
Gross margin is the amount remaining after a retailer or manufacturer subtracts its cost of goods sold from its net sales. In other words, gross margin is the retailer’s or manufacturer’s profit before subtracting its selling, general and administrative, and interest expenses. Gross Margin Can...
in interest rates. According to Morningstar, the average intermediate bond fund has a gross expense ratio of 1.07%. Fees are a very important factor for anyone deciding whether to purchase a particular fixed-income fund as there is ahigh correlationbetween expenses and fixed-income fund ...