income

Earnings of a salesperson based on the percentage of goods or services sold.

• Salary
• Wages
• Commission
• Deductions

Tags

CCSS.6.RP.A.3C

Earnings paid to an employee based on an hourly rate. 

• Commission
• Wages
• Salary
• Deductions

Tags

CCSS.6.NS.B.3

An employee's fixed agreed yearly income. 

• Salary
• Deductions
• Wages
• Commission

MPC=

• change in consumption/change in income

• income/consumption

Autonomous consumption is equal to

• Saving

• Dissaving

The main purpose of an Income statement is to...

• calculate profit or loss

• provide information in an informative manner

Profitability is....

• Revenue less expenses

• When a business makes a profit

• a comparison of profit earned with an investment made

• when revenue is higher than expenses

ROI stands for

• Return on Interest

• Return on other than investment

• Return on Owner's Investment

• Return on Owner's Interest

After Gross profit you have...

• less Other Expenses

• add other Revenue

• Adjusted Gross Profit

payment, usually monthly, applied to the balance of a home loan used when purchasing housing

• insurance
• expense
• mortgage
• income and expense statement