measuring performance - C Flashcards
(4 cards)
1
Q
gross profit
A
= sales revenue - cost of production
2
Q
net profit
A
= gross profit - remaining expenses
3
Q
value owed to the business
A
this is the money owed to the business from sales that have yet to be paid for
4
Q
value owed by the business
A
this is the money the business owes to others for goods and services purchased but not yet paid for
