FABM 2

• The income statement shows the company's revenues, expenses, and net income or loss for a specific period of time.
• Net Income (Profit) is calculated by subtracting total expenses from total revenue.

  
• Expenses are costs associated with running a business, such as salaries, rent, utilities, and supplies.
• Revenue is the amount of money earned by selling goods or providing services to customers.
• Chassis are simplified minimal cells designed to support customized synthetic circuits.
• The third step is to analyze the data gathered from the previous steps.
• Synthetic circuits are engineered networks built with biological components that can perform specific functions.
• Synthetic biology aims to create novel biological systems and organisms not found in nature.
• The second step is to gather information about the problem.
• The balance sheet includes the amount of the company's total assets, liabilities, and owners' equity at a specific point in time.
• Revenue = Total Sales - Returns & Allowances
• Revenue refers to the amount of money earned through sales or other sources of income.
• Expenses include Cost of Goods Sold (COGS), Operating Expenses, Interest Expense, Taxes, and Net Loss on Disposal of Assets.
• Cost of Goods Sold (COGS): The direct costs associated with producing goods sold during an accounting period.
• Gross Profit Margin = Gross profit / Revenue
• Operating Expense Ratio = Operating expense / Net Sales
• Gross Profit Margin = Gross Profit / Revenue
• A balance sheet provides information about a company's assets, liabilities, and equity at a particular point in time.
• Operating Expense Ratio = Operating Expenses / Net Sales
• A chassis is a standard platform used to build different types of synthetic circuits.
• The fifth step is to implement the action plan.
• Assets refer to resources owned or controlled by an individual or organization that have value and can be used to produce economic benefits.
• Return on Assets (ROA) = Net Income / Total Assets
• The fourth step is to develop an action plan based on the analysis.
• Biotechnology refers to the use of living organisms or their derivatives to develop products or processes.
• Biological circuits involve multiple interacting parts working together towards a common goal.
• Bioengineering involves designing and constructing new biological structures or devices using living cells or tissues.
• In biology, a circuit refers to a network of interactions between molecules or organisms.
• Liabilities represent debts owed by an individual or organization to other entities.
• The sixth step is to monitor and evaluate the results of implementing the action plan.
• Cost of Goods Sold (COGS) = Beginning Inventory + Purchases - Ending Inventory
• Statement of retained earnings reflects changes in shareholders' equity other than dividends paid to stockholders.
• Cash flow statement provides details on cash inflows and outflows over a specified period.
• Income statement shows how much money was earned or lost by the business during an accounting period.
• Cash flow statement provides details on cash inflows and outflows over a given period.
• Income statement shows how much money was earned or lost by a business during an accounting period.
• Net Income Margin = Net Income / Total Revenue
• Return on Investment (ROI) = Net income / Average total assets
• Gross Profit Margin = Gross Profit / Revenue x 100%
• Taxes: The taxes paid by the business to local, state, and federal governments.