What is a sentence for net income?
The drugmaker said that its net income was $983 million (593 million) compared with $764 million last year. The portfolio produces a net income of more than 1.2 million a year. The world’s biggest securities firm posted a 93 per cent rise in net income to $3.15 billion for the fourth quarter.
What is a good sentence for income?
Any income from investments must be reported. Farming is his main source of income. Even on two incomes, we’re having a hard time keeping up with our bills. He earns a good income as a consultant.
How do you find the net income example?
Net income formula
- Revenue – Cost of Goods Sold – Expenses = Net Income.
- Gross Income – Expenses = Net Income.
- Total Revenues – Total Expenses = Net Income.
- Gross income = $60,000 – $20,000 = $40,000.
- Expenses = $6,000 + $2,000 + $10,000 + $1,000 + $1,000 = $20,000.
- Net income = $40,000 – $20,000 = $20,000.
What means net income?
In commerce, net income is what the business has left over after all expenses, including salary and wages, cost of goods or raw material and taxes. For an individual, net income is the “take-home” money after deductions for taxes, health insurance and retirement contributions.
What is another term for net income?
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.
How do you use discretionary income in a sentence?
1, As discretionary income moves from the young to the old, advertising will follow it. 2, I had a party today and used the discretionary income for it as a token of my approval. 3, Of course, I have discretionary income. 4, How much extra discretionary income is there?
What are some examples of income?
12 Examples of Income
- Labour. A salary or wage that is paid in return for work.
- Business Profits. The net income of a business that creates and captures value.
- Tangible Assets.
- Intangible Assets.
- Capital Gains.
- Dividends.
- Interest.
- Rent Seeking.
How do you use low income in a sentence?
Many developing countries, especially low-income developing countries, lack these structures and capacities. Agriculture remained a low-income occupation for the labourer.
Where is net income on financial statements?
Net income is found at the bottom of the income statement since it’s the result of all expenses and costs being subtracted from revenue.
What is net income on a balance sheet?
Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization.
What is another name for net income?
net profit
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.
How do you find net income on a balance sheet?
To arrive at net income, you subtract the cost of goods sold (COGS) (if any), selling and administrative expenses, taxes, interest, depreciation, and amortization from the gross amount of revenue the business has generated. The figure you arrive at is the “net” of those expenses and is called the company’s net income.