Explain the Difference Between an Income Statement for a Corporation

question 12

Essay

Explain the difference between an income statement for a corporation and an income statement for a sole proprietorship,and discuss why the difference arises.

Understand the role and objectives of a competitive analysis in social media marketing.

Realize the importance of budgeting methods in planning social media campaigns.

Identify the structure and components of social media marketing plans.

Understand the significance of target audience analysis including their social profiles and behaviors.

---

Definitions:

Gross Margin

The difference between revenue and cost of goods sold (COGS), which reflects the profitability of a company's core activities excluding overhead costs.

Net Operating Income

The profit a company makes from its regular business operations, excluding deductions of interest and taxes.

Sales

The total income generated from goods or services sold by a company before any costs or expenses are deducted.

Stockholders' Equity

The residual interest or ownership of a company's shareholders after all liabilities have been deducted from total assets.