WebJan 11, 2024 · Profit is simply all of a company's sales revenue and any other gains minus its expenses and any losses. A $3,000 depreciation expense, then, has the effect of reducing profit by $3,000. It's ... Web5.) Total net income over the life of the entity is a. Higher under the cash basis than under the accrual basis b. Lower under the cash basis than under the accrual basis c. The same …

Life Insurance Corporation - Wikipedia

WebJul 26, 2024 · The section of a nation's economy, which is under the control of government, whether it is central, state or local, is known as the Public Sector. The section of a nation's economy, which owned and controlled by private individuals or companies is known as Private Sector. Basic objective. To serve the citizens of the country. WebIt means total revenue minus explicit costs—the difference between dollars brought in and dollars paid out. Economic profit is total revenue minus total cost, which includes both … div with two columns

Total net income over the life of an entity is a - Course Hero

WebTotal net income over the life of an enterprise is: b. lower under the cash basis than under the accrual basis. ... If net sales total $90,000, gross profit is $50,000, and net income is … Webentity, and it does not have financial elements that are clearly distinguishable from the rest of the entity. Answer a) is correct because a hotel in a hotel chain is considered a component of an entity, as it is a group of assets directly generating cash flows that are clearly distinguishable from the rest of the entity. WebGML – gross margin per customer lifespan. This is the profit you’d expect to make over the average customer lifespan (i.e. the revenue minus your costs) R – retention rate. The percentage of customers who stay with you over a set time period (as opposed to those that churn during that time) D – discount rate. A percentage to account for ... craftsman tool box organizer