Income statement 损益表

An income statement shows changes in a business's revenues and expenses over a certain time period. 

Items included in an income statement are revenue, cost of goods sold, gross profit, expenses, and net profit.

Revenue 税收收入，财政收入

Revenue is the income that a business receives.

Revenue is usually generated from the sale of goods and sevices.

A company's performance is measured based on how its revenue compares with its expenses.

【填空】【跟读】The newspaper industry has struggled in recent years to boost its revenue.

【填空】【跟读】The mobile industry's revenue is projected to reach over 1 trillion dollars in 2020.

Cost of goods sold  销货成本

Cost of goods sold (COGS) is the cost that comes from the production of goods.

This includes the cost of materials and direct labor costs used to produce the goods.

For a bakery, the money spent on buying flour is considered as cost of goods sold.

【填空】Cost of goods sold includes the cost of materials and indirect labor costs and excludes distribution costs and other indirect expenses.

【填空】A company's total costs are equal to the cost of goods sold plus expenses.

gross profit  毛利

Gross profit is the total profit made after deducting the cost of goods sold from sales.

A company can increase its gross profit by increasing sales while maintaining or reducing cost of goods sold.

【选择】The profit a company makes after deducting the cost of goods sold is gross profit.

【填空】【跟读】Our gross profit for the quarter amounted to 7 million dollars.

Expenses 开支

Expenses represent the amount of money a business spends besides the cost of goods sold.

Common business expenses include employee wages, payment to suppliers, and office leases.

Businesses try to cut expenses in order to increase their profit.

Net profit  纯利

Net profit is the profit a company makes after subtracting expenses from its gross profit.

Companies can determine if they are successful or not by looking at their net profit.

【选择】By substracting a company's expenses from its gross profit, you can determine...  the net profit.

【选择】What shows how revenue and expenses change over a period of time?  -income statement

【选择】What refers to the amount of money a company spends to produce and sell goods?  -COGS.

【填空】A start-up company may need to borrows a large sum of money to pay for its expenses.

【填空】Annual net profit dropped 16% due to inreased expenses.

【填空】If their sales had not declined so significantly, their net profit wouldn't have decreased.

【填空】Although the company's gross profit is high, it net profit is low due to large expenses.

【填空】Common business expenses include employee wages, payments to suppliers, and office leases. 常规的商业支出包括员工薪水、供应商款项和办公室租赁。