statement of net cost

Definition of "statement of net cost"
  1. A comparison between the income generated from fees and the expenses incurred over a certain timeline
How to use "statement of net cost" in a sentence
  1. The business evaluates its profitability using the statement of net cost.
  2. The statement of net cost revealed that costs were higher than the fees earned.
  3. The company prepares a statement of net cost on a quarterly basis to monitor its financial health.

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