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What does P&L stand for?
Profit and Loss.
What does a P&L statement show?
Revenue, expenses, and profit or loss.
What is revenue?
Money earned from selling goods or services.
What does COGS stand for?
Cost of Goods Sold.
What is gross profit?
Revenue minus COGS.
Which statement shows revenue and expenses?
Profit & Loss (P&L).
What is gross profit?
Revenue minus cost of goods.
What does EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, Amortization.
Why track operating expenses separately?
To manage costs not in production.
How is net revenue different from gross?
Net revenue deducts returns and discounts.
Which analysis compares ratios to the industry?
Ratio analysis.
What does trend analysis show?
Growth, season changes, and margin changes.
What is net profit?
Profit after costs, taxes, and interest.
Why classify costs as fixed or variable?
To plan and find break-even.
Which margin shows core product profit?
Gross margin.