Want to learn more? Read the full breakdown of the difference between gross and net. Here’s an example of gross and net used correctly in the same sentence.Įxample: For this quarter, gross income was $2 million, but $1.25 million in expenses and outstanding debts resulted in a net of only $750,000. To remember the difference, remember that a net sifts whatever goes into it so that only some remains. You could say you grossed $50 and netted $30. Minus the $20 in expenses, your net is $30. Good news, you make $50 in cupcake sales.

You spend $15 on ingredients, and you have to rent a table for $5, which equals $20 in expenses. What does CBCP abbreviation stand for List of 36 best CBCP meaning forms based on popularity. For this reason, net is always lower than gross.įor example, let’s say you decide to sell cupcakes at a bake sale. Stand-alone dental products The BCBS Federal Employee Program (FEP) The letter R appears in front of the ID number. Follow instructions on these ID cards to verify eligibility, submit claims and obtain health plan contact information. In other words, net is basically gross minus whatever you owe or have spent. Stand-alone vision and pharmacy when delivered through an intermediary model Stand-alone dental products The BCBS Federal Employee Program (FEP) The letter R appears in front of the ID number. The amount described or referred to as net is how much you have left after you’ve subtracted anything that doesn’t count toward profit, like debts and expenses. The amount described or referred to as gross is everything that has been taken in, not accounting for things like debts, deductions, and expenses.

Of course, gross and net are common words with many other meanings, but these senses of gross and net are used in the context of measuring something (especially money) that has been accumulated-profit, income, earnings, gains, etc.

In the context of finance and accounting, gross refers to the total amount before any deductions, while net refers to the final amount that remains after deductions have been made.

What does cqm stand for