Monday, June 26, 2017 12:02:56 AM
CONTRARY TO THE POST, "REVENUE" AND "INCOME" ARE VERY DIFFERENT! THEY ARE NOT THE SAME THING!!!!
REVENUE IS SALES! INCOME IS WHAT IS LEFT AFTER EXPENSES ARE SUBTRACTED FROM SALES!
GROSS INCOME/GROSS PROFIT IS WHAT IS LEFT AFTER THE COST OF OPERATIONS, i.e. "COST OF GOODS", IS SUBTRACTED FROM REVENUES.
NET INCOME/NET PROFIT, i.e. "THE BOTTOM-LINE BEFORE TAXES", IS WHAT IS LEFT AFTER NON-PRODUCTION COSTS, SUCH AS ADMIN, MARKETING, ETC., ARE SUBTRACTED FROM GROSS INCOME/GROSS PROFIT!
WELCOME TO "REAL" ACCOUNTING 101!
THE CLOWN IS DEFINITELY MISLEADING INVESTORS WHEN SPEWING "REVENUE" (SALES) ESTIMATES, WHILE CALLING THE ESTIMATES "INCOME" (PROFIT)! THIS IS CLASSIC BOBO BS!
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