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Is the $2 billion in membership figured into the net? It seemed like it was separate in the article's table.
by cantankerous 13y ago
Is the $2 billion in membership figured into the net? It seemed like it was separate in the article's table.
- tanzam75 13y agoIt includes all the revenues, including sales, membership fees, and interest income. Minus all the expenses, including cost of goods, sales and marketing, corporate overhead, debt service, and taxes. Net income is literally the "bottom line" number on the accounting statement. It's the number that coes out after accounting for everything in the business.
- cantankerous 13y agoCool, thanks. I wasn't sure if the author was trying to separate the concerns to make some kind of a point about the different types of revenue. The membership revenues were also listed after the net, iirc, which I thought was strange. That makes sense, though.