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v. t. e. In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. [1] [2]
The deferred gross profit is an A/R contra-account and is the difference between gross profit and recognized income and is calculated as follows: $360,000 − $90,000 = $270,000 The deferred gross profit is thus deferred and recognized in income in subsequent periods, i.e. when the installment receivables are collected in cash.
Business and occupation tax. The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2]
Aggregate income is a form of GDP that is equal to Consumption expenditure plus net profits. 'Aggregate income' in economics is a broad conceptual term. It may express the proceeds from total output in the economy for producers of that output. There are a number of ways to measure aggregate income, [5] [6] but GDP is one of the best known and ...
Gross margin is often used interchangeably with gross profit, but the terms are different. When speaking about a monetary amount, it is technically correct to use the term gross profit; when referring to a percentage or ratio, it is correct to use gross margin. In other words, gross margin is a percentage value, while gross profit is a monetary ...
An app on the Apple App Store is also available by Texas Instruments mirroring the Calculators design and functionality. BA-20 Profit Manager [ edit ] From 1986 to sometime after 2010, TI produced the BA-20 (also known outside North America as the TI-620), which was a basic desktop calculator with the addition of dedicated cost, margin, and ...
(a) the gross amount due from customers for contract work as an asset; and (b) the gross amount due to customers for contract work as a liability. (These should be separate line-items on the face on the balance sheet.) The gross amount due from/to customers for contract work is the net amount of: (a) costs incurred plus recognized profits; less
Xcas. Xcas/Giac is an open-source project developed at the Joseph Fourier University of Grenoble since 2000. Written in C++, maintained by Bernard Parisse's [ fr] et al. and available for Windows, Mac, Linux and many others platforms. It has a compatibility mode with Maple, Derive and MuPAD software and TI-89, TI-92 and Voyage 200 calculators.
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