Archive for the ‘Information’ Category

Current Asset

December 12th, 2012

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.

Operating Income

December 11th, 2012

the excess of gross profit over operating expenses.

Net Income

December 10th, 2012

The amount of profit earned by a business during a fiscal period (ie, month, quarter or year).

Profit Margin

December 7th, 2012

the ratio of net income to sales (also called return on sales).

Gross Profit Margin

December 6th, 2012

The ratio of gross profit to sales revenues; it measure the efficiency in the production or purchase of goods or services for sale.


December 5th, 2012

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.

Total Revenue

December 4th, 2012

The amount earned from selling goods and services.

Sales Revenue

December 3rd, 2012

Revenue that identifies the amount a company earns from selling its products.

Unearned Revenue

November 30th, 2012

A liability account that results when a company receives cash from a customer for goods or services to be provided in the future.


November 29th, 2012

The amount a company expect to receive when it sells goods or services.