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The total amount before anything is deducted. Many important accounting statistics use this method, such as gross earnings and gross profit. opposite of net.A dozen dozen (144).For ... Read more

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Warning on Credit Card's Billing Practices


Be aware of your credit card issuer's billing practices, which can significantly affect your costs. How your card company treats the balances on which you are charged interest can ...

Income Statement Example

Income statements are one of the primary tools that every business uses in order to share their bottom line with the public and analyze it for themselves. Wheth...

The Differences Between Revenue vs Profit

One of the trickiest distinctions to make when it comes to managing your business is the difference between revenue vs profit. There are a few simple rules for...

How to Calculate GDP Growth Rate

While Gross Domestic Product (GDP) is itself a useful number calculated to reflect the value of a country’s economy it is far more insightful to assess GD...

How Do We Measure GDP?

Economists always keep talking about GDP growth rate, but have you wondered how do we measure GDP? Gross domestic product or GDP in short, is measured in terms ...

7 Useful Accounting Formulas

There are a lot of different accounting formulas out there and it can be confusing for an investor or business manager to know how figures are arrived at. Accou...

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