what is the difference between net tonnage and gross tonnage?
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Gross tonnage (GT) is a function of the volume of all of a ship's enclosed spaces (from keel to funnel) measured to the outside of the hull framing. ... Net tonnage (NT) is based on a calculation of the volume of all cargo spaces of the ship.
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The sum total of all current assets is known as Gross Working Capital and the difference between the sum total of current assets and total of current liabilities is introduced as Net Working Capital. Gross Working Capital will be always positive but the Net Working Capital may be positive or negative.
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The Gross Square Footage is calculated from the outside of the exterior walls and is inclusive of all space within minus areas that are open to below. The Net Square Footage is the total square footage of all the rooms/areas on a floor. This includes assignable and non-assignable rooms.
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Gross revenue is the total revenue that a company earns during a specific timeframe. All the income that a company generates from the sale of goods and service comes under the gross revenue. On the other hand, net revenue is gross sales less allowances and returns.
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Gross refers to the whole of something, while net refers to a part of a whole following some sort of deduction. For example, net income for a business is the income made after all expenses, overheads, taxes, and interest payments are deducted from the gross income.
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Gross weight = net weight + packaging/ container weight. Net weight = gross weight – tare weight.
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Gross Sales vs. Net Sales. Gross sales are the value of all of a business's sales transactions over a specified period of time without accounting for any deductions. Net sales are a company's gross sales minus three kinds of deductions: allowances, discounts, and returns.
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In the financial industry, gross and net are two key terms that refer to before and after the payment of certain expenses. In general, 'net of' refers to a value found after expenses have been accounted for. Therefore, the net of tax is simply the amount left after taxes have been subtracted.
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Gross is the total revenue you have earned for that period. Net revenue is what's left when all the costs have been taken out. ... Net revenue is calculated by subtracting cost of sales,including cost of goods sold, estimated returns or any allowances from gross revenue.
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Gross area is the total area enclosed by the walls. Net area is the usable area. While the difference between gross and net area depends on the building and the region, net area typically excludes the following spaces from the gross area.
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Profit is the amount of money your business gains. The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... But, your business's other expenses are not included in your COGS.
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The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.
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In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included. ... For a wage earner, gross income is the amount of salary or wages paid to the individual by an employer, before any deductions are taken.
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Key Takeaways. Gross profit refers to a company's profits earned after subtracting the costs of producing and distributing its products. Net income indicates a company's profit after all of its expenses have been deducted from revenues.
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Key Takeaways Gross profit refers to a company's profits earned after subtracting the costs of producing and distributing its products. Net income indicates a company's profit after all of its expenses have been deducted from revenues.
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1. What is the different between net pay and gross thickness? Net pay (net productive) thickness: It is the thickness of those intervals in which porosity and permeability are known or supposed to be high enough for the interval to be able to produce oil or gas, water and gas is not included to the net pay thickness.
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But what's the difference? Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. ... Net pay is the amount of money your employees take home after all deductions have been taken out. This is the money they actually get on payday.