Examlex
Describe what happens when a neuron "fires" and how neurons send messages to one another.
Operating Expenses
Costs associated with running a business’s core operations on a daily basis, such as rent, utilities, and payroll, excluding the cost of goods sold.
Net Income
Net income, also known as net profit, is the amount of earnings that remain after deducting all costs and expenses from total revenue.
Gross Profit
Represents the difference between a company's revenue from sales and its cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.
Perpetual Inventory System
An approach in accounting where the transaction of buying or selling inventory is instantly documented through computerized point-of-sale systems and software for enterprise asset management.
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