Current Asset
December 12th, 2012Cash or other resources that management expects to convert to cash or consume during the next fiscal year. A bank account is a current asset.
Cash or other resources that management expects to convert to cash or consume during the next fiscal year. A bank account is a current asset.
the excess of gross profit over operating expenses.
The amount of profit earned by a business during a fiscal period (ie, month, quarter or year).
the ratio of net income to sales (also called return on sales).
The ratio of gross profit to sales revenues; it measure the efficiency in the production or purchase of goods or services for sale.
The difference between the price a seller receives for goods or services and the total cost to the seller of all resources consumed in developing, producing, and selling those goods or services during a particular period.
The amount earned from selling goods and services.
Revenue that identifies the amount a company earns from selling its products.
A liability account that results when a company receives cash from a customer for goods or services to be provided in the future.
The amount a company expect to receive when it sells goods or services.