Revenue is typically called the top line because it sits on top of the income statement. Costs are subtracted from revenue to calculate net income or the bottom line. Gross Margin = Net Sales − COGS where: Net Sales = Equivalent to revenue, or the total amount of money generated from sales for the period. It can also be called net sales because it can include discounts and deductions from returned merchandise. Labor costs, and any costs of materials used in producing On top of the income statement. Costs are subtractedįrom revenue to calculate net income or the bottom line.Īssociated with producing goods. Includes both direct Revenue is typically called the top line because it sits Equivalent to revenue, or the total amount
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