What's the difference between gross income and gross profit?
542092
Gross income is what you earned pre-tax either from your job, stock dividends, or bond interest.\n\nGross profit is what you get after you sell something (proceeds) minus the cost of the object.
1043235
Not exactly, and not precisely.  \n\n"Earnings" are a function of the accounting system used to calculate them.  The U.S. and Japan use different accounting standards.  \n\nIn fact, there are no universal international accounting standards and derivative measures, such as P/E ratio, can vary significantly.
238650
Richness is relative so there wouldn't be much difference.  \n\nPrices would rise accordingly as they're generally fixed at an optimum level.  Basically, goods are priced at a level that generates the most income, this isn't necessarily the price that generates the most sales or the prices that generates the most profit per sale.\n\nImagine that a pair of jeans costs $15 to make, if they're on sale at $20 then 1000 pairs will sell, if they're on sale at $30 then 500 pairs will sell and if they're on sale at $40 then 100 pairs will sell.  On this basis they'd be sold at $30 as this is the price that generates most income (profit would be $5000, $7500, $2500 respectively).\n\nIf everyone had more money then prices would rise accodingly and historically this is what has happened.  In real terms people have more money now than they did say 50 years ago but levels of poverty are increasing.\n\nAnother way to look at it would be to compare the earnings and prices in different countries and even different cities within the same country.  Here in the UK for example, people in London earn more than anywhere else but prices are higher than anywhere else so in relative terms they're often no better off\n\nLikewise, compare the US to say Nigeria.  A doctor in the US may earn $200,000 and in Nigeria they earn $20,000 but if everything in the US costs 10 times as much then the two doctors are effectively as rich as each other.\n\nYou could also liken it to the different currencies - if I sold my house in the UK and took my money to Ghana I'd be a Ghanaian billionaire - it sounds good but in real terms I'd still have the same amount of money.
799712
Are you sure you mean passive income and not investment income. In the U.S. passive income and loss comes from investing in real estate for rent or a business that you don't participate in.\nInvestment income comes from investing in stocks, bonds, savings accounts, cd's and raw land.
219015
Depends what kind of "profit"
1023539
I think cost of goods sold is = beginning inventory + purchases - ending inventory.\n\nThen, gross profit is = sales - cost of goods sold.\n\nThen, net profit is = gross profit - operating expenses.
184030
Gross earnings is how much you make total. Net earnings is how much you get to keep once Uncle Sam is through with you.
226990
Not sure I understand your question.  Gross Domestic Product is the sum of all production in a country, usually expressed annually.  Business cycle is the pattern of expansion and recession.  It may be reflected in growth and contraction of the GDP.
1063704
Net is after withholdings, gross is before eveything.  I imagine this is a 2 week salary.  \n\nIf you didnt pay taxes, social security or pension plans then you would see something like this...\n\n2,265.62\n\nBecause you have to pay into all of that, they take roughly 1400 per month out of your paycheck to cover those costs.  Taxes and SS are a pain I know.
977103
Income Tax is on money you earn working/investing. Most people figure a ballpark of 20%. When a person wins a certain amount of money at a horse track they take 20% before giving your payout and you receive a receipt so you may get some back at the end of the year. This money is used for Federal Expenditures like; Freeways and national security and pays Federal Employees.\nSales Tax is when you buy things it depends on your State, City and County. Many figure a ballpark of 10%. Where I live it about 8% on most purchases and 12% on prepared foods like a restaurant or McDonald's. This money is used for local expenditures within the specific State, being divided accordingly to State, City and County and pays for things like; State and County roads, State Employees and Teachers, Parks etc.
907750
GROSS DOMESTIC PRODUCT
698723
They not much difference in the two except for their profits.  One is just as wacky as the other if you ask me, and you did.
193028
Cost of Goods Sold \n= Selling Price - Gross Profit\n\nCost of Goods Sold \n= Opening Stock + Direct Expenses - Closing Stock\n\nNow since there is no stock, it would not be appropriate to think in terms of opening and closing stocks.\n\nDirect Expenses is a term relevant to an asset...\n\nAny expenditure that is incurred before brining the asset into usable condition is direct expenditure for the asset..\n\nSince in case of service industry we do not find direct expenses, it would not be possible to use the above ideas for ascertaining the cost of goods sold.\n\nSince there is no goods being sold, it would not be appropriate to use the term "cost of goods sold".\n\nIf one is to decide whether the business is profitable or not, the first figure to look at is gross profit, which gives the basic profit from the set of transactions related to trading activity.\n\nIf for a similar purpose, you intend to find the basic profit from a set of transactions that relate to the service activity, then we make a separate account to which we transfer all the incomes and expenses relating to that activity to ascertain a profit that is an equivalent of gross profit in trading activity.\n\nSome examples of accounts which reveal the profit from a set of transactions....\n\nrelated to consignments -- Consignment a/c\nrelated to joint ventures -- Joint Venture a/c\nrelated to branch -- Branch a/c\nrelated to hire purchase -- hire purchases a/c\n\nsimilarly \nrelated to a service  -- xxx service a/c\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
194004
Salaries of production workers are treated as cost of goods sold.  All other salaries are treated as expenses.  From the point of view of income taxes both are treated as reductions of taxable income.
84839
Trading acconts are accounts that are directly involved with buisiness, like sales, purchase, sales return etc. Difference in trading account is the gross profit or gross loss, which means direct profit or sales from buisiness.\n\nProfit and loss accounts are accounts that are not directly involved, like travel, electricity bill etc. gross profit/loss from trading is also carried forward to Profit/loss report and the net difference in Profit and loss account is Net Profit or Net Loss.
53128
There is no mathematical formula.  It is what it is.  If you get 2% of all sales, then you get 2% of all sales.  Usually profit sharing only 1 or 2%.  Thats it.
26872
A dividend is a piece of the profit. The share price is not linked to the dividend, although if a company increases the dividend, the price may go up