ADVENTIS FMC CERTIFICATION LEVEL I With Correct Solutions 2024

ADVENTIS FMC CERTIFICATION LEVEL I With Correct Solutions 2024 Three financial statements income statement, balance sheet, cash flow statement Purpose of the Income Statement show stakeholders whether the company made or lost money during the period being reported Revenue (Sales) amount charged for the delivery of goods or services Cost of Sales (Cost of Goods Sold) the direct cost of producing revenue (raw materials, direct wages, etc.) Gross Profit revenue less cost of sales Operating Expenses all other expenses required to run the business (management, salaries, marketing, travel, etc.) operating income (EBIT) revenue - cogs - operating expenses Non-operating expenses expenses or income not related to regular business of company (interest expense, restructuring) Corporate Taxes local and federal income taxes the company incurs Net Income (Earnings) Revenue - Expenses what does gross profit indicate?