What are the unofficial earning measures of revenue?

Q: Which of the following is not a component of the formula used to distribute income?

A: Partnership: Partnership is a form of business organization in which two or more than two…

Q: How much is the gross profit variation due to

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Q: What formula is used to determine net profit

A: Net profit is the actual income earned by an organization after paying all the expenses. It is…

Q: Briefly explain the difference between gross profit, net profit and EBIT.

A: Gross Profit is computed by deducting Cost of goods sold from Sales. Gross profit is the profit a…

Q: Please explain the meaning of differential income.

A: Concept of differential is generally used when there are two or more alternatives to choose upon.…

Q: What are the objectives of accounting for income taxes?

A: FASB Summary of Statement No. 109 defines objectives of Accounting for Income Taxes.

Q: How do I determine net income

A: Net Income/Loss earned during a particular period is computed by drawing the statement of Income for…

Q: What effect does intraperiod tax allocation have onreported net income?

A:

Q: Explain the components of non operating income.

A: Non Operating Income is that part of an organisation's income that is obtained from activities not…

Q: What is the difference between a traditional format income statement and a contribution format…

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Q: Which of the following best describes revenue?

A: In simple accounting term revenue is the amount which company earn by selling goods or providing…

Q: what are contrast economic concepts of income from reported income?

A: As per the income statement, the reported income refers to the income left after subtracting the…

Q: Find an expression for the marginal revenue function, s

A: Marginal revenue is the additional revenue earned from selling one more unit of output.  It is…

Q: What is the sales tax? Is it an expense or a liability?

A: Sales tax is the tax on sales which is levied by the government. However, sales tax is an indirect…

Q: How to calculate revenue?

A: Money earned by selling products produced or purchased is called sales revenue. Ideally revenue is…

Q: How much is net income?

A: Financial statements are the set of records of the financial transactions and position of a business…

Q: The tax rate is the ratio between the amount of tax and the amount of income. true Error

A: >Tax rate is the rate of tax that is levied by the regulating authorities.>Income tax rate is…

Q: What is Output tax

A: In order to generate revenue, the government frequently employs and imposes indirect taxes. They are…

Q: allocation of income or loss to have economic effect

A: Income or loss is the net result of operational activities of a business conducted during a…

Q: deferred revenues

A: Income statement represents the net income that is calculated by deducting the expenses from the…

Q: Which of the following does not belong to the group?   Broker's commission Transfer tax…

A: The term Cost of disposal refers to the additional expense that are incurred or to be incurred for…

Q: How does EVA differ from accounting profit?

A: Introduction: Economic value added is the sum of net earnings over capital costs. EVA corresponds to…

Q: What is the difference between gross pay and net pay?

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by the…

Q: How does accounting rate of return (ARR) differ from the internal rate ofreturn (IRR)?

A: Introduction: Capital budgeting is an investment criterion or decision making mechanism for…

Q: What is the difference between a contribution approach income statement and a traditionalapproach…

A: Contribution Approach Income Statement: Under this approach, contribution amount is the main focus…

Q: Does "commission income" go onto the Statement of Comprehensive income? We usually capture interest…

A: Net profit means the difference between the income and expenses. Financial statement means the…

Q: Is input tax and output tax shown on the accounting worksheet?

A: 1. Input Tax - Input Tax is a tax on the purchase of the goods or expenses incurred. 2. Output Tax -…

Q: What is gross income?

A: The concept of gross income can be understood in two contexts 1. for corporates 2. for individuals

Q: It is the net after tax ratio with sales revenues?

A: Sales revenue is the revenue which has been earned by the company for the selling of the products or…

Q: What are the drivers to the cost of revenue

A: The total cost of producing and delivering a product or service to customers is known as the cost of…

Q: What's the difference between total net income and net take-home pay?

A: The company's transactions will be tracked, and the first book to record these transactions is the…

Q: What is the difference between operating and non –operating income?

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: What is the difference of net income and gross income?

A: The answer is provided as follows:

Q: How is gross profit calculated, and what does it represent?

A: Gross profit is the difference of amount obtained by subtracting Cost of goods sold from Net…

Q: What is NOPAT (net operating profit after taxes)?

A: The income generated by a business in the course of normal operations, after deducting the direct…

Q: How does accrued but uncollected revenue affect the bal-ance sheet?

A: Accrued revenue: It can be defined as the revenue that has already been earned by the business but…

Q: What are the major uses of the gross profit method?

A:

Q: what is net income ?

A: Net income is the profit after tax where the profit is the net profit after interest and…

Q: How does the residual income approach overcome this problem?

A: Definition: ROI: It is a measure of the amount of return on a particular investment with respect to…

Q: What are the two most often used ways of accounting for revenue from by-products?

A: When the manufacturing entity is engaged in manufacturing the main product which is the main source…