• Revenue is the total amount of money a company generates from its core business activities, and does not factor in operational costs or costs of product.

• Operational costs are the expenses a company incurs from its day-to-day business activities, including rent, salaries, utilities, and raw materials.

•The cost of goods sold (COGS) refers to the direct expenses associated with producing or purchasing the products a company sells, including materials, labor, and manufacturing costs.

•To calculate income, subtract both the cost of goods sold and other operational expenses, such as rent, salaries, and taxes, from the company's revenue.

•Profit is the money a company earns after subtracting the costs of acquiring goods, excluding operational expenses like rent, salaries, and taxes.

•Company assets are resources owned by a business that are expected to provide future economic benefits, such as cash, property, equipment, and inventory.

•Liabilities are financial obligations or debts that a business owes to external parties, such as loans, accounts payable, and other outstanding payments.

•Shareholders' equity represents the residual value of a company’s assets after subtracting its liabilities, reflecting the ownership interest of shareholders.