Examlex
What is the difference between a terminal value and an instrumental value? What impact does an assessment of employee values have upon a firm?
Net Income
The net earnings of a business once all costs and taxes are subtracted from its total income.
Variable Costing
An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, with fixed overhead treated as a period expense.
Absorption Costing
An accounting method that includes all manufacturing costs (fixed and variable) in the cost of a product.
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue, often referred to as the bottom line.
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