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Does an insurance company have the right to know your company's gross revenue?
Wiki User
∙ 10y ago
Your insurance broker if they are doing a decent job should be reviewing your financials, company operations, and assessing your property to help you understand and insure your risks. If they aren't doing that then they can't insure you properly because they don't understand the risks associated with your business. Revenue streams each create different types of risk so understanding the revenue streams is extremely important for a broker.
Insurance carriers reserve the right to audit your records, including your financials and general ledger, payroll and other tax records, etc. This is normal since your policies are based on this info and they can audit the policies to make sure you are paying premiums correctly.
Wiki User
∙ 10y ago
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Is revenue the gross increase in equity from a company's earning activities?
Yes, revenue is the gross increase in equity from a company's earning activities.
What is fastest company to gross 1 billion in revenue?
sony
How do you calculate GP Gross Profit when the revenue is less than the costs?
If revenue is less than costs, the gross profit is negative -- it is not a profitable company.
What might explain why a company is large or small?
Its Market capitalization, gross profit, gross revenue, number of employees, number of clients etc
When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
Is gross revenue the same as revenue?
yes
What is the gross for Titanic?
Gross revenue $1,843,201,268
What is the difference between operating income and net revenue?
operating income refers to "net" profits. The amount of money a company has after all overhead and taxes. Revenue is the sales for a company from goods sold or "gross income.
What affects gross margin?
The Gross Margin, also known as the Gross Profit Margin, is an expression of the Gross Profit as a percentage of the Revenue. It is calculated using the following: Gross Profit Margin = Gross Profit/Revenue*100 Looking at the input variables of the equation, it is clear that the factors that would affect the Gross Profit Margin would be the Gross Profit and the Revenue. What affects Gross Profit and Revenue would be an endless topic of it's own.
How do you calculate the Gross Profit Margin?
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
What is the formula to calculate the gross margin?
The gross margin formula is gross profit divided by revenue. The gross profit and revenue amounts can be found by looking at a companies income statement.
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
