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Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).
The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandisingcompany, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.
An equation for net income
- Net sales revenue
- â€“ Cost of goods sold
- = Gross profit
- â€“ SG&A expenses (combined costs of operating the company)
- = EBITDA
- â€“ Depreciation & amortization
- = EBIT
- â€“ Interest expense (cost of borrowing money)
- = EBT
- â€“ Tax expense
- = Net income (EAT)
Net 30 terms are often coupled with a credit for early payment; e.g. the notation "2% 10, net 30" indicates that a 2% discount can be taken by the buyer ...
Buying term and investing the difference is a concept involving term life insurance and investment strategies that allows individuals to eventually "Self Insure" and provides an alternative to permanent life insurance. Generally speaking term insurance premiums are considerably less expensive in the short term than permanent life insurance for an individual for the same benefit amount. Permanent programs are more expensive because they force the policy owner to "Self Insure" by combining some form of cash accumulation with the insurance program as a single package. Consumers making use of the "buy term and invest the difference" concept separate their investments from their insurance by setting aside money every month equal to the premium that a permanent plan would require, then use a portion of this money for the term premium and place the rest in a tax-deferred investment vehicle.
Cases for and against implementing the strategy
The advantages of this strategy, if implemented correctly by the Theory of Decreasing Responsibility, are the ability to Self insure and get rid of the need for insurance, immediate accumulation of investment moneys, more investment options that allow for similar tax advantages, and return of cash accumulation. Other advantages include elimination of loans and stability in the death benefit.
Obviate the need for permanent insurance
This viewpoint assumes consumers will self insure on their own and will eventually be able to eliminate the need for permanent insurance which forces them to self insure. Most responsibilities for which life insurance is purchased are temporary in nature (paying off mortgage and/or debts, provide education for dependents and create cash reserves to replace the income of the breadwinner). In the event of the insured's death, many or all of these responsibilities can be resolved using the proceeds from the policy or policies. When the consumer has cash reserves large enough, they consider themselves to be "self insured". Insurance terms may be a number of years in length (1, 5, 10, 20, 25, 30, 35 years or more) which, in theory, should provide enough time for the insured to invest and eliminate these responsibilities. See Theory of Decreasing Responsibility
In the event these responsibilities are not eliminated at the end of the term, many insurers will allow the insured to renew their current policy (guaranteed renewal) or purchase a new policy (conversion) without being subject to the same medical and financial qualifications as a new applicant.
Those who believe in buying term insurance and investing the difference in premium between a term and permanent policy must intend to self insure, since the term policy will eventually expire or become too expensive. If they are not disciplined enough to invest, pay off their debts, or assist their dependents in becoming independent, they still have a need for insurance.
Immediate accumulation of investment money
With the concept of buying term instead of permanent insurance, more investment vehicles are available, all of which are independent of the insurance program and remain in control of the insured if the insurance portion is canceled. All cash accumulated is available based on the investment vehicle selected by the investor not the insurance company (granted the investment vehicle could be a sock drawer in which the cash is readily accessible but not growing).
Permanent or whole life insurance (life insurance that typically provides a death benefit for the lifetime of an insured person up to age 100) policies usually direct a portion of the premium payment to a sub-account within the policy, called cash value and the other portion to insurance. There are many different permanent life insurance products available with a range of options involving the cash value of the policy, including the ability to withdraw the cash value, borrow against it, and to allow it to be drawn on to pay the insurance portion without additional premium payments. Ultimately, all permanent life insurance policies are combination of term insurance with a savings vehicle. Insurers may break down a policy into 2 components, the term insurance portion (the net amount at risk) and the cash value (the guaranteed amount).
The cash value in the sub-account can accumulate over the life of the policy depending on the policy, however it is not always available for the first several years of the program.
Universal and Variable or Variable Universal policies typically have immediate accumulation in the sub-account, but these funds are not available for loans and are often subject to a surrender charges for the first several years of the program (in the case of plans paying a premium close to the minimum, this is frequently in excess of the accumulation).
Again, this approach requires discipline. As with budgeting, many consumers who reduce expenditures fail to invest the money saved, and simply allow it to be reabsorbed to become part of their monthly spending. An example is someone who quits smoking thinking of all the money they'll save. Looking at things a few years later, it is a rare occurrence for anyone to actually have a large amount of money in their special "non-smoking" investment account.
This practice leaves the insured open to utilize whatever investment options they see fit. Permanent programs require the policy holder to use only the investment options available through the policy. Neither Term nor Permanent life insurance death benefits are generally subject to Federal income tax. Death benefits are, however, potentially subject to Estate (Death) taxation, depending on how the ownership of the policy is structured. Cash value growth in permanent plans is tax-deferred as long as the policy is in force. If the policy is canceled (because the need for insurance is obviated) any accumulation in excess of the adjusted cost base (ACB) will be taxable. In most cases the only way to avoid these taxes is for the insured to die while the policy is in force (essentially making these monies unavailable to them). Premiums are most often paid with after tax money, though there are exceptions where the policy holder can use pretax money (as a business obligation in a corporation for example). Variable plans provide the insured the opportunity to choose the investments, though the investment vehicle is still within the life insurance plan.
Net migration rate is the difference of immigrants and emigrants of an area in a period of time, divided (usually) per 1,000 inhabitants (considered on midterm population). A positive value represents more people entering the country than leaving it, while a negative value mean more people leaving than entering it.
On January 1, 2000 country A has a population of 1,000,000 inhabitants. From that date to January 1, 2001, 200,000 people immigrated to A, and 100,000 people left the country. At the same time, there were 100,000 babies born, and nobody died. Therefore, the population of A On January 1, 2001 is 1,200,000.
We consider that on July 1, 2000 (the middle of our time term) there were 1,100,000 inhabitants. And since 100,000 left and 200,000 came, the migration difference is +100,000.
100,000 \div 1,100,000 = 0.09091
But this value is per inhabitant, and we want a per 1,000 persons value:
0.09091 \times 1,000 = 90.91
This number gives us a comparable idea of the impact of migration on the country's population.
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Answers:Answer: 2 percent 10 net 30 2 percent is the discount rate 10 is the discount period 30 is the credit period Meaning, you will get a 2 percent discount if you pay within ten days but you should pay your account within the maximum of thirty days from the date of sale. 2 percent 2nd tenth net 60 2 percent is the discount rate 2nd tenth means on the tenth of the next month 60 days is the credit period Meaning, you will get a two percent discount if you'll pay on or before the tenth day of the next month but you should pay withiin sixty days from the date of sale.
Answers:2/10 net 30 means that you get a 2% discount when paying an invoice if you pay it within 10 days. It is due in 30 days. Depending on the size of the invoice it could be a substantial savings. It's a good idea to take advantage of any discounts you get whenever possible.
Answers:On the invoice, select the 2/10 net 30 payment term on your invoice. Or select add new and follow the promts to add the discount term. When the payment is received select customers receive payments, then click 'discounts and credits' tab. Add the discount amount (2% of the total) and apply it to an account, 'discounts given' or whatever you'd like to call it.
Answers:If a ditzy lazy assed student needs homework done for them they should A) Hire someone and pay them to do it B) Hire someone and pay them to do it C) hire someone and pay them to do it