Sodium silicate, commonly known as âwaterglassâ, is prominent due to wide commercial and industrial application. It is often composed of an oxygen-silicon polymer backbone housing water in molecular matrix pores. Sodium silicate products are manufactured as solids or thick liquids, depending on intended use. For instance, waterglass functions as a sealant in metal components. Lastly, although sodium silicate production is a mature industry, there is ongoing research for new applications given its heat conductive properties.
The term 'accounting' profit is quite frequently used by bookkeepers, for it is the actual revenue calculation. On the other hand, economic profit is more of an theoretical estimate. The paragraphs below highlight some differences between economic and accounting profit with examples. Economic Profit. In financial terms, it is not the excess of total accounting income over the total accounting expense. To the cost of an investment, it also adds the opportunity lost cost of another investment option.
1 gross profit is made up of variable + fixed expenses + net profit.  Sales, gross profit and net profit are the income earned by the business. Cost of goods, commissions/discounts, variable and fixed expenses are business expenses. A profit and loss statement shows planned and actual profit for your business. Our Financial statements template includes a profit and loss statement. Financial statements template (XLSX 301.88 KB) Improve profit by looking at the money you earn from sales.