Gross Profit

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Gross Profit

 

in socialist countries a form of display of net income, a value expression of the overall financial result of the activity of an enterprise—that is, the monetary expression of the part of an enterprise’s revenues which it retains after deducting all expenditures. Gross profit is a synthetic index of the overall result of the economic activity of an enterprise. The principal source of the creation of gross profit is labor newly expended by employees of the enterprise on the production of output. Gross profit expresses in monetary form the surplus product and in part the necessary product created by the enterprise. In practice the amount of gross profit is established as the difference between the revenue of an enterprise from output sold at wholesale prices and the expenditures on its production and marketing. In addition, gross profit takes into account the results of the so-called nonselling activity of an enterprise (net financial results in the management of the housing and communal economy, in services of a nonindustrial character, in clearing debtors’ and creditors’ liabilities, and so forth). Gross profit serves as the basis for determining net profit and as the source of setting up all funds of an enterprise. As a result of the redistribution of profit between enterprises and industries through the mechanism of prices (the deviation of prices from cost and so forth), gross profit does not always characterize precisely the true efficiency of an enterprise.

A. M. EREMIN

References in periodicals archive ?
Gross profit (loss) for the services segment was $28,086 and ($16,563) for 2017 and 2016, respectively.
For the quarter, aggregates same-store freight-adjusted revenues increased $83 million, while same-store gross profit for the segment increased $60 million, a flow-through rate of 72 percent.
For single-store owners, total gross profits grew 10.6 percent to $46.4 billion.
Our study investigates the influence of cane diameter on inflorescence architecture, yield and the subsequent gain or loss in gross profit.
(51st levy scheme: 2.15%) VVBETTING exchanges Each bet-broker including betting exchanges will pay on a basis equivalent to 10.75% of its gross profits, defined as gross commission on BHBB deducted from the winnings paid out to bettors and bet-takers.
Quanta's Profit Performance by Quarters in 2011 Quarter Q1 Q2 Q3 Q4 Gross Profit Rate 3.57% 3.45% 3.65% 4.57% EPS NT$1.49 NT$1.40 NT$1.42 NT$1.71 Source: Quanta Computer Inc.
In the UK, worth 30% of group gross profits, saw its gross profits tumble by 38.7%.
Brand values for the number three and four distributors in a market have to be based on the gross profit dollars they can provide to an acquiring competitor.
It's attained by calculating the sum of your selling and administrative expenses and subtracting them from your gross profit. Selling expenses include the salary for Troy's one salesperson and costs for marketing and advertising.
One enormous potential benefit of the business gross profits tax would be simplification of the foreign provisions.
60 contracts and future gross profits as a measurement base for FASB statement no.
While total industry gross profit was up 2.4 percent to $77.8 billion, single stores saw their gross profits rise only 1 percent to $40.9 billion.