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oboloo Glossary

Net Income Refers To Income Earned

oboloo Glossary

Net Income Refers To Income Earned

Net income refers to the amount of money a business earns after accounting for all expenses. It is calculated by subtracting any costs associated with producing goods and services from total sales or revenue. It reflects the actual performance of a business and is a key measure used to evaluate its financial health. In other words, it’s the money left over that can be used to pay dividends, cover operating costs, and more. Net income gives businesses a clear picture of their profitability and helps them plan for the future. Invest in your profitability today – understand your net income!

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