Examlex
Forecasts based on judgment and opinion do not include:
Loss From Operations
A financial situation where a company's operating expenses exceed its gross profits, indicating inefficiency in business operations.
Operating Expenses
Expenses incurred through normal business operations, such as rent, wages, and utilities, excluding the cost of goods sold.
Gross Profit
The difference between the revenue generated from sales and the cost of goods sold, before deducting operating expenses, interests, and taxes.
Statement Of Income
A financial document showing a company's revenue, expenses, and net income over a specific period.
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