Examlex
Organizational effectiveness results from activities that improve the organization's structure, technology, and people.
Net Sales
The revenue generated from sales activities after deducting returns, allowances, and discounts, representing the actual income earned by a business from its core operations.
Net Income
The total profit of a company after all revenues, costs, and expenses have been deducted, also known as the bottom line.
Acid-Test Ratio
A financial indicator that assesses the capacity of a business to settle its short-term obligations using its liquid assets.
Single-Step Income Statement
A form of income statement where all expenses are subtracted from total revenue in one step to arrive at net income.
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