Income Statements:
Gbogbo ọrọ náà
At the end of the year, every owner asks the same question: did we make a profit or a loss? The income statement answers it. By laying out the money coming in and the costs going out, it turns a year of trading into a few clear figures that owners, managers and investors all rely on.
In this lesson you will learn the main features of an income statement, revenue, cost of sales, gross profit, profit and retained profit, and how managers use these figures to make decisions, such as choosing between two products or two locations. You will not be asked to build a full statement, but you must be able to read and use one.
Ebumnobi
- Main features of an income statement, e.g. revenue, cost of sales, gross profit, profit and retained profit
- Use simple income statements in decision- making based on profit calculations (constructing income statements will not be assessed)
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Maapụ uche
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Akwụkwọ Ọmụmụ
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Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Income Statements:. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Gross profit is calculated as: A. revenue minus all expenses B. revenue minus cost of sales C. profit minus tax D. revenue plus cost of sales Answer: B
- Revenue is $80 000 and cost of sales is $50 000. Gross profit is: A. $130 000 B. $30 000 C. $50 000 D. $80 000 Answer: B
- Retained profit is the profit kept after deducting: A. cost of sales only B. tax and payments to owners (dividends) C. revenue D. variable costs Answer: B
- An income statement records a business's income and costs over: A. a single moment in time B. a period of time, usually one year C. ten years exactly D. one day only Answer: B
- Gross profit is $40 000 and other expenses are $15 000. The profit is: A. $55 000 B. $25 000 C. $40 000 D. $15 000 Answer: B
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Akụkụ akwụkwọ
The Income Statement
How does the income statement report a firm’s profitability?
"Introduction to Business: The Income Statement" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/14-5-the-income-statement. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
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Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Income Statements:? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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