Finance > QUESTIONS & ANSWERS > Financial Information Management - Lecture 3 Q&A 2023 Update (All)
Financial Information Management - Lecture 3 Q&A 2023 Update
Document Content and Description Below
Income Statement - ANS-A financial statement that reports a company's revenues and expenses and resulting net income or net loss for a specific period of time. Operating Expenses - ANS-Any costs th ... at have not been "absorbed" into the cost of sales (other than finance and tax). E.g corporate salaries, sales and marketing Operating Profit Equation - ANS-Operating profit = Gross Profit - Operating Expenses Operating Profit - ANS-Profit from business operations. Cost of Sales - ANS-The cost involved in directly producing the goods or services you sell. Inventory Cost - ANS-Take opening inventory, add purchases of inventory, deduct closing inventory. Cost of Sales Equation - ANS-Sales - Cost of sales = Gross Profit. Profit Before Tax - ANSEBITDA - ANS-Earnings before interest, taxes, depreciation, and amortization... [Show More]
Last updated: 2 years ago
Preview 1 out of 1 pages
Buy this document to get the full access instantly
Instant Download Access after purchase
Buy NowInstant download
We Accept:
Reviews( 0 )
$3.50
Can't find what you want? Try our AI powered Search
Document information
Connected school, study & course
About the document
Uploaded On
Feb 21, 2023
Number of pages
1
Written in
All
Additional information
This document has been written for:
Uploaded
Feb 21, 2023
Downloads
0
Views
74
