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Distinguish between a demand curve and demand schedule.
Net Income
What remains of a company’s revenue after all expenses, including taxes and costs, have been removed.
Balance Sheet Equation
An accounting formula representing the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).
Retained Earnings
The portion of net income not distributed as dividends to shareholders, but retained by the company to reinvest in its business or to pay debt.
Net Income
The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, a key indicator of financial health.
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