noun a company's total revenue minus total expenses, taxes, and other costs
In finance, net income is used to assess the profitability of a company and is a crucial factor in determining the value of a business.
Net income plays a significant role in economic analysis as it reflects the overall performance and success of a business or organization.
Net income is a key financial metric in accounting that represents the total earnings of a company after all expenses, taxes, and deductions have been subtracted.
Net income is an important indicator of a company's financial health and is often used in decision-making processes by business managers.
Writers may use net income to calculate their earnings from writing projects after deducting expenses such as research materials, travel costs, and marketing expenses.
Psychologists may use net income to assess their earnings from client sessions, workshops, and consulting services after accounting for overhead costs like rent, utilities, and insurance.
Accountants use net income to calculate a company's profitability by subtracting all expenses, including taxes, interest, and depreciation, from the total revenue.
Entrepreneurs use net income to evaluate the financial performance of their business ventures by analyzing the difference between total revenue and total expenses.
Financial analysts use net income to analyze a company's financial health and profitability by examining its earnings after all expenses have been deducted.