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net income
by 趙永祥 2016-09-10 08:28:33, Reply(0), Views(158)

BusinessDictionary.com
TERM OF THE DAYSEPTEMBER 9, 2016
net income
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The total revenue in an accounting period minus all expenses during the same period. If income taxes and interest are not deducted, it is called operating profit (or loss, as the case may be). Also called earningsnet earnings, or net profit
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USAGE EXAMPLE
When Richard subtracted his business expenses from his gross income, his net income was barely enough to cover his living expenses; so to make his profit larger, he decided to cut costs by discontinuing overseas shipping of his product.
FRIDAY QUIZ CHALLENGE
QUESTION
Fairness and impartiality towards all concerned, based on the principles of evenhanded dealing. Equity implies giving as much advantage, consideration, or latitude to one party as it is given to another.
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