3 ms·
I meant "gross income", which is revenue. Not "net income", which is profit. I was unclear and I apologize.
by bhouston 5mo ago
I meant "gross income", which is revenue. Not "net income", which is profit.
I was unclear and I apologize.
- fist 5mo agoRevenue and gross income are definitely not the same. It's a very common confusion.
- bhouston 5mo agoYou are correct actually, not sure why you are being downvoted. I just checked and the definitions are: "Gross income is that same revenue minus the direct costs of producing the goods or services (such as materials and direct labor)."