Sales – Cost of Sales = Net Sales /Net Revenue/ Gross Profit/ – Operating Expenses (Sales expenses+Selling expenses+administriation Expenses)= Operating Income
Operating Income + Other Income – Other Expenses = Pretax Income – Income Tax = Net Income / Net Profit
The terms:
1. "Net Sales = Net Revenue =Gross Profit
2. Net Sales = Net Revenue = Gross Profit = Gross margin
3. Operating Income = Net income before tax and othere incomes and other expenses
4. Net Income = Net Profit = Net Revenue (Revenue after taxes)
Net income = all revenues – all expenses
其实net income 名称很细还有 net income before taxes 和net income after taxes。 有时你会看到“net income before taxes”那里其实就是“income before (income) taxes”,然后“net income before taxes”那里就是“net income”。这个,重点是各项数据的实质什么,有时各家单位采用的报表项目title 有区别
Net income is also called net earnings or net profit (Horngren, 2012)