Applicant Selectivity: Medium. When determining how difficult it is for students to get into University of North Carolina at Charlotte, ACT/SAT test scores and high school average GPA ranges of accepted students of previous years can help estimate the selectivity of a school. score in the range of 1450 to 1710 on the SAT exam, or 20 to 25 on the ACT exam is among the 25th - 75th percentile range among accepted students.
A budgeted income statement provides useful information for making these decisions. Budgeted operating income and budgeted net income both appear on the budgeted income statement. The operating income refers to money earned through operational activities. Net income refers to money earned from all activities. Budgeted operating income provides more value to the business owner as she considers the income generated from the primary business rather than additional activities.
Net Operating Income. The basic formula for calculating net operating income is to take total sales minus cost of goods sold to arrive at gross profit. Then gross profit minus selling and administrative expenses will get you to net operating income.This basic formula will not change when using different accounting methods. However, the cost of goods sold portion may be calculated differently depending on whether variable or absorption costing is used.educing Expenses. Absorption costing is required for reporting purposes. This means increasing production is a legitimate way to reduce cost of goods sold and increase net operating income. However, having excess inventory can also create problems.