HORTICULTURE

Detailed explanation-1: -Net income is the profit that remains after all expenses and costs have been subtracted from revenue. Net income-also called net profit-helps investors determine a company’s overall profitability, which reflects how effectively a company has been managed.

Detailed explanation-2: -To calculate net income for a business, start with a company’s total revenue. From this figure, subtract the business’s expenses and operating costs to calculate the business’s earnings before tax. Deduct tax from this amount to find the NI.

Detailed explanation-3: -Deductions from gross revenue include sales discounts and sales returns. When these deductions are netted against gross revenue, the aggregate amount is referred to as net revenue or net sales.