prav visa.pptx
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Speedy Visa For You is a visa counseling firm owned by Prab Randhawa that helps students obtain visas and has a proven track record of visa success. The firm works with universities globally to fulfill students' dreams of studying abroad and offers services like career counseling, course selection assistance, and university admission help in addition to visa processing.
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
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prav visa.pptx
- 1. Speedy Visa For You
- 2. ABOUT US “Prab the owner has been honored by many educational institutions globally. Prab’s student counselling methods have been proven at the highest level of visa success in every visa category imaginable. Prab work alongside with several universities and colleges across countries to fulfil the dream of students who need an expert visa counselor.
- 3. Better Work-Life Balance See the World Earn a higher salary Experience personal growth Get a global mind-set
- 4. Our firm has always been counted excellently because of our unique, quick, and result-oriented services. Our visa processing system is always accompanied by a high clarity and transparent approach.
- 5. Recognized 100% Easy & Fast Verification
- 6. PROFESSIONAL CAREER COUNSELLING COURSE SELECTION UNIVERSITY & COLLEGE ADMISSION