Profit

Cards (9)

what is gross profit?
profit after cost of sales has been deducted but before expenses
what is operating profit?
a firms profit after all other expenses have been deducted
what is net profit?
profit after tax has been deducted but before the payment of dividends
what is a statement of comprehensive income?
a formal finical statement that summarises a businesses trading activities and expenses to show whether the business has made a profit or a loss
what is profitability? 
measures the efficiency of a business in generating profit and is measured in profit margins
what are profit margins?
measures profit as a percentage of sales revenue
what is gross profit margins?
a measure of profitability that shows gross profit expressed as a percentage of sales revenue
what is operating profit margins?
a measure of a firms profitability that looks at the relationship between sales revenue and operating profit, expressed as a percentage.
what is net profit margins?
a measure of profitability that shows a firms profit for the year as a percentage of sales revenue.~