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A net (sometimes written nett) value is the resultant amount after accounting for the sum or difference of two or more variables. In economics, it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction. In these cases it is contrasted with the term gross, which refers to the pre-deduction ...
Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement). In simplistic terms, net profit is the money left over after paying all the expenses of an endeavor.
Net pay is the amount of money employees earn after payroll deductions are taken from gross pay. These includes taxes, benefits, wage garnishments and other deductions. These includes taxes ...
In U.S. business and financial accounting, income is generally defined by Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board as: Revenues – Expenses; however, many people use it as shorthand for net income, which is the amount of money that a company earns after covering all of its costs as well as taxes.
This is a list of abbreviations used in a business or financial context. ... $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600 ...
If you’re a mutual fund or ETF investor, then you need to know about net asset value. Here’s the basics. ... Business. Entertainment. Fitness. Food. Games. Health. Home & Garden. Lighter Side.
For a business, gross income (also gross profit, sales profit, or credit sales) is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.
For this performance and his folksy manner – which belies a razor-sharp business acumen – Buffett is known as the “Oracle of Omaha.” ... Net worth: $2.7 billion, upon his death in November ...