Managerial accounting, a tool used for business decision-making, allows for different methods of calculating net income. The general formula is that sales minus costs equals net income, but there are ...

Net income seems straightforward: It is the result when expenses (administrative expenses, business expenses, interest expenses, operating costs and other expenses) are subtracted from revenue. This ...

There are a lot of metrics to pay attention to when it comes to financial reporting. Few are as meaningful or as important as a company’s net income. This is the total revenue earned in a period (e.g.