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Revenue vs. Gross Income/Profit/Earnings vs. Net Income/Profit/Earnings (Bottom Line) in One Minute

One Minute Economics 109 views

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Toms running a trash operation here I gotta say
Comment from : @AlexanderKaye-u3y

Grazie 👍
Comment from : @Roberto-s3h

Hey, important stuff to know about getting your money back!
Comment from : @fyodorshively

Interesting to see how fast your net income can get so low when u have all those expenses Goes to show that gross income isn’t everything once you see all the things u have to pay after So it makes me realize that I wanna have other streams of income within my business and life brbrThank you for sharing ❤
Comment from : @TysonMichael77

Thank you, Sir
Comment from : @VannyPinkLopez

So can you use "salary" in this or does his work just not have "salary"
Comment from : @justsomeguywhoneverdies9210

why are expenses not part of the direct costs?brbrtaxes I understand ask they depend on profits but rent?
Comment from : @zenastronomy

I wonder how many of these big businesses are inflating their expenses to purposely reduce their overall net income
Comment from : @brambledemon1232

it'd be more profitable if swords are not wooden
Comment from : @postelb8046

Plain and simple
Comment from : @SacerKtracho

I’m confused, I thought that rent was apart of the COGS and to be deducted before the gross income because it plays a part in the production of the goods you are producing COGS is anything that involves the making of your product and so wouldn’t rent be deducted with the COGS to get the gross income? Please make it make sense because I am confused!
Comment from : @IWantMulan

Simple and easy 👍🏾
Comment from : @dujonlewis2225

Boom!
Comment from : @sjackson858

That’s swords business it’s a scam 😂
Comment from : @7motion985

Simple and straight to the pointbrbrAwesome video
Comment from : @moviescarab

Still confused If labour is included with Gross Profit, why isn't taxes and rent etc also? Surely rent is a direct cost and should be included when calculating Gross profit? What differentiates labour costs from being included in net profit instead?
Comment from : @feralferret

Amazing explanation thanks so much u will really help with my exams InshaAllah ❤
Comment from : @mageku1598

Brilliant video - thank you Would your own salary be deducted from the net or gross profit?
Comment from : @sazr5795

perfect
Comment from : @andrecamacho7660

But something that i still don't understand is the differences of a gross margin and gross profit margin Let's say it like this (Gross Margin and Profit Margin vs Gross Profit Margin)
Comment from : @brailyramos6892

Superb tutorial
Comment from : @rashedislam1172

Perfect explain, thanks 👍
Comment from : @melikevelizade9208

Wow, I'm a spanish student and I have problems to understand the diference, but with your video i finally get it and only in 1 minute, you are exceptional
Comment from : @omarcrazylovesongz

How did it become $1500 if 2500-2000 is $5000
Comment from : @smartcent360

Saya tidak percaya ia boleh menjadi sebaik ini
Comment from : @desiremanceraslopez1579

Simple yet very clear thank you
Comment from : @dominicnuna8375

This is the type of content that earns a like instantly Not wasting viewers time asking for likes and subscriptions Good content does that on its own Thanks!
Comment from : @SonSantana

video anda sangat bagus dan mempunyai mesej yang luas terima kasih
Comment from : @lordzeno6454

Your content is so touching
Comment from : @lindasaechao3864

The image is too offensive
Comment from : @uzairqaziuzair4586

Seems like a lot of money’s taken out that Revenue lol
Comment from : @jay_wuks

So bottom line is net revenue??
Comment from : @abhirampadavala1975

the video image is too poor, you need to fix it more
Comment from : @pratimanadkarni9559

Character In the video It's great, I like it a lot $$
Comment from : @rozyrk4262

so touching for an excellent video
Comment from : @phuonganhluong955

Character In the video It's great, I like it a lot $$
Comment from : @phucpham7216

Character In the video It's great, I like it a lot $$
Comment from : @huonghuong2685

the video image is too poor, you need to fix it more
Comment from : @vietdotien7002

so touching for an excellent video
Comment from : @hoaithungo7137

Character In the video It's great, I like it a lot $$
Comment from : @thangbui7130

thank youuu
Comment from : @raksaheng

clear and easy to understand, thank you! Subbed!
Comment from : @leochan6239

excellent explanation many thanks for making this video
Comment from : @PCube3

You didn’t explain the difference between profit, earnings, and net income
Comment from : @H2Ojellyfish

Thank you for a very quick & easy explanation!
Comment from : @surveytestmoney2550

Quick, to the point with no 'waffle' Thank you for this simple and easy-to-understand video I have subscribed to your channel based on this awesome content :D
Comment from : @NerissaThak

How can you have employees in a one man business?
Comment from : @redone729

This man had me on 10000 swords
Comment from : @mehranchoudhury669

Thank you! Great presentation, simple and clean explanation Loved it :)
Comment from : @amiraslanbakhshili5420

Thanks a lot man, I'm currently doing a business plan for an activity lesson and this surely help me understand about what should I do in my financial statement
Comment from : @CL0UD_9Hero

Very simple explanation, thanks a lot :)
Comment from : @AlbertoRivas13

Your Income is all money that came to you during a particular time period, weather you earned it or notbrRevenue is all income you received during the same time period regardless of when it was due you brProfit is income minus your operating expenses, interest and debt for that time period regardless of when you paid itbrNet Profit is profit minus taxes brbrIn other words, Income, revenue and profit are not the same thing If I received 50k cash in 2018 that is my income but I may have been paid money that was due me from a prior year, or I may have also been overpaid by mistake, or I didn't pay enough taxes, or I took out a loan What is left is my revenue
Comment from : @williampennjr4448

thank youu! the only video that made sense!
Comment from : @Sara-uu4wh

Thanks a lot, a short and clear video!
Comment from : @ckk2136

Great explanation thanks And our system is builti to pay and pay and overpay taxes and from those 15,000 you have to pay more taxes from whatever you buy
Comment from : @randomjose

Tom might wanna get a new job
Comment from : @omniarchangel5227

thanks alot for this useful tip Great work!
Comment from : @lienphan6946

So he spent 40,000 dollars on materials but only received 15,000 after all that, that doesn’t sound right to me
Comment from : @aaronjolley663

Tom is screwed
Comment from : @alohawg

Everyone watching this you also need to deduct overhead expenses, just heads up that wasn’t mentioned here
Comment from : @nickvasilchenko3651

The way is best but not detail plz if u can in'st of 1 mim
Comment from : @sukhvirkb5933

Great!!!!!!!!!!!!!!!!!! LOts of terms in a short video
Comment from : @johnconnor9787

I like your animations; The characters are so cute
Comment from : @karljo8064

x15 is the normal speed now?
Comment from : @Thmyris

I observed that you have reduced the speed of the video (by speaking slowly), which is good However, I think that your positioning is one-minute videos, and that's cool Anyway, I do not want to confuse you I appreciate the great work you are doing 👍🏻👍🏻👍🏻
Comment from : @sri9982