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gross income
by 趙永祥 2015-09-05 07:15:00, Reply(0), Views(506)


The amount by which sales revenue exceeds production costs (cost of sales). Though operating ...
BusinessDictionary.com
TERM OF THE DAYSEPTEMBER 4, 2015
gross income
f   t

The amount by which sales revenue exceeds production costs (cost of sales).

Though operating income gives a more accurate picture of a company's profitability, gross income provides a top-line view of a company's production or (in case of a merchant) sales related cost structure. It is ameasure of how well (or badly) a company is utilizing its capitalcapacity, and other resources, and

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USAGE EXAMPLE
The company's gross income grew considerably this year because our sales showed dramatic improvement while our production costs did not increase.
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