Assertion: net income | /r/HasProperty | gross profit
Facets:
value: minus discounts
type: OTHER
value: minus returns
type: OTHER
value: minus product costs
type: OTHER
value: minus expenses
type: OTHER
Source sentences:
text: Net Income = (Gross Profit + Other Income) –
text: Tip A business's net income (or net profit) is its gross income (revenues/sales) minus expenses (product costs, returns and discounts).
text: Gross income and net income are also known as gross profit and net profit.
text: Net Income = (Gross Profit + Other Income) –
text: Tip A business's net income (or net profit) is its gross income (revenues/sales) minus expenses (product costs, returns and discounts).
text: Net income and gross income are also known as net profit and gross profit.