Cleveland weather averages and climate Cleveland, Ohio. The monthly temperature, precipitation and hours of sunshine. A climate graph showing the rainfall data, temperatures and normals. Average weather Cleveland, OH.
Net Revenue and Net Profit. Some companies interchange the term net revenue and net profit. This can be a source of confusion, as revenue usually identifies income from normal and usual sales. Operating income identifies revenue minus operating expenses. Net revenue often equals gross profit, resulting from sales less cost of sales. When used to mean net profit, the term net revenue should be explained to the listener or reader.
GROSS PROFIT Gross Profit is the difference between Net Sales and Cost of Goods Sold. First, Net Sales is calculated by subtracting Sales returns and allowances from Sales.Sales-Sales Returns and Allowances = Net Sales Next, Gross Profit is calculated by subtracting Cost of Goods Sold from Net Sales.irst, Net Sales is calculated by subtracting Sales returns and allowances from Sales. Sales-Sales Returns and Allowances = Net Sales Next, Gross Profit is calculated by subtracting Cost of Goods Sold from Net Sales.