Net Income
Submitted by: Submitted by starrynight
Views: 361
Words: 444
Pages: 2
Category: Business and Industry
Date Submitted: 04/27/2011 07:51 AM
Assuming we are talking about a business, one way is to reduce operating expenses in conjunction with changing the accounting method for cost of goods sold (COGS). Many companies use the FIFO method for calculating COGS. The FIFO method uses the highest costs for the goods and higher COGS leads to lower net income. Switching to the LIFO inventory method reduces COGS and increases net income.
Read more: http://wiki.answers.com/Q/How_do_you_double_net_income#ixzz1Kjc4NGTy
Assuming we are talking about a business, one way is to reduce operating expenses in conjunction with changing the accounting method for cost of goods sold (COGS). Many companies use the FIFO method for calculating COGS. The FIFO method uses the highest costs for the goods and higher COGS leads to lower net income. Switching to the LIFO inventory method reduces COGS and increases net income.
Read more: http://wiki.answers.com/Q/How_do_you_double_net_income#ixzz1Kjc4NGTy
Assuming we are talking about a business, one way is to reduce operating expenses in conjunction with changing the accounting method for cost of goods sold (COGS). Many companies use the FIFO method for calculating COGS. The FIFO method uses the highest costs for the goods and higher COGS leads to lower net income. Switching to the LIFO inventory method reduces COGS and increases net income.
Read more: http://wiki.answers.com/Q/How_do_you_double_net_income#ixzz1Kjc4NGTy
Assuming we are talking about a business, one way is to reduce operating expenses in conjunction with changing the accounting method for cost of goods sold (COGS). Many companies use the FIFO method for calculating COGS. The FIFO method uses the highest costs for the goods and higher COGS leads to lower net income. Switching to the LIFO inventory method reduces COGS and increases net income.
Read more: http://wiki.answers.com/Q/How_do_you_double_net_income#ixzz1Kjc4NGTy
Assuming we are talking about a business, one way is to reduce operating...
