Net sales and the cost of goods sold (COGS) are two items found on companies' income statements. Both are important in helping a company establish profits and efficiency when creating the products and ...

Gross income measures how much total income a company brings in from the sale of its products and services minus the cost of producing those goods and services. In contrast, net income is the profit ...

Businesses use accounting methods to record, track and analyze financial transactions. Within an accounting cycle, such as a month or calendar year, businesses can look at gross and net totals for a ...

Gross Profit vs. Net Profit: What Is the Difference? Your email has been sent A business’s health is measured differently depending on which costs are considered. Gross profit paints a different ...

Yesterday, Senate Finance Committee Chairman Max Baucus released his much-awaited health care proposal. In his announcement, he described it as costing $856 billion over the next ten years, costs that ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. David Kindness is a Certified Public Accountant (CPA) and an expert ...

Electric vehicle major Tesla (NASDAQ: TSLA) is on track to report its first GAAP Net Profit in 2020, as it continues to reduce its Operating Expenses while benefiting from growing Revenues, driven by ...

Electric vehicle major Tesla (NASDAQ: TSLA) is on track to report its first GAAP Net Profit in 2020, as it continues to reduce its Operating Expenses while benefiting from growing Revenues, driven by ...