Net income - Revision history

WikiSysop: /* ASK query by Keyword */

2010-05-23T21:01:06Z

ASK query by Keyword

OmniMediaGroup: Grammar again...oh those Wikipedians!!! and my spelling (typo)

2007-03-10T20:58:45Z

Grammar again...oh those Wikipedians!!! and my spelling (typo)

OmniMediaGroup: fix compound link

2007-03-10T20:53:24Z

fix compound link

OmniMediaGroup at 20:29, 10 March 2007

2007-03-10T20:29:28Z

Centiare at 10:20, 2 November 2006

2006-11-02T10:20:49Z

New page

'''Net income''' is equal to the [[income]] that a firm has after subtracting costs and [[expense]]s from the total [[revenue]]. Expenses will typically include [[tax expense]]. For a [[merchandising]] [[company]], subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company [[advertising]], [[manufacturing]], and design and development costs are included.

Net income is sometimes called the '''bottom line''' because it is typically found on the last line of a company's [[income statement]].

An equation for net income in merchandising:

:<blockquote>Net income or Net loss = Revenue - Cost of goods sold - Sales discounts - Sales returns and allowances - Expenses = Profit</blockquote>

Another term that is closely related to this is top line. As the Total Revenue forms the first line of the account statement, it is often called top line.

← Older revision		Revision as of 21:01, 23 May 2010
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	== ASK query by Keyword ==		== ASK query by Keyword ==
−	~~<ask>~~	+	{{KeywordList\|net income}}
−	~~[[Keyword:=~~net income]]
−	~~</ask>~~

← Older revision		Revision as of 20:58, 10 March 2007
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−	'''Net income''' is equal to the [[income]] that a firm has after subtracting costs and [[expense]]s from the total [[revenue]]. Expenses will typically include [[tax]] expense. For a [[merchandising]] [[company]], subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company [[advertising]], [[manufacturing]], and design and development costs are included.	+	'''Net income''' is equal to the [[income]] that a firm has after subtracting costs and [[expense]]s from the total [[revenue]]. Expenses will typically include [[tax]] expense. For a [[Merchandise\|merchandising]] [[company]], subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company [[advertising]], [[manufacturing]], and design and development costs are included.

	Net income is sometimes called the '''bottom line''' because it is typically found on the last line of a company's [[income statement]].		Net income is sometimes called the '''bottom line''' because it is typically found on the last line of a company's [[income statement]].

← Older revision		Revision as of 20:53, 10 March 2007
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−	'''Net income''' is equal to the [[income]] that a firm has after subtracting costs and [[expense]]s from the total [[revenue]]. Expenses will typically include [[tax ~~expense~~]]. For a [[merchandising]] [[company]], subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company [[advertising]], [[manufacturing]], and design and development costs are included.	+	'''Net income''' is equal to the [[income]] that a firm has after subtracting costs and [[expense]]s from the total [[revenue]]. Expenses will typically include [[tax]] expense. For a [[merchandising]] [[company]], subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company [[advertising]], [[manufacturing]], and design and development costs are included.

	Net income is sometimes called the '''bottom line''' because it is typically found on the last line of a company's [[income statement]].		Net income is sometimes called the '''bottom line''' because it is typically found on the last line of a company's [[income statement]].

← Older revision		Revision as of 20:29, 10 March 2007
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	Another term that is closely related to this is top line. As the Total Revenue forms the first line of the account statement, it is often called top line.		Another term that is closely related to this is top line. As the Total Revenue forms the first line of the account statement, it is often called top line.
		+
		+	== ASK query by Keyword ==
		+	<ask>
		+	[[Keyword:=net income]]
		+	</ask>