what is the difference between net and gross tonnage?
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Gross tonnage is based on "the moulded volume of all enclosed spaces of the ship" whereas net tonnage is based on "the moulded volume of all cargo spaces of the ship". In addition, a ship's net tonnage is constrained to be no less than 30% of her gross tonnage.
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GNP is the sum of Gross Domestic Product at Market Price and Net Factor Income from abroad. The gross national product at factor cost is the difference between gross national product and net indirect taxes. ... GNP at factor cost refers to income which the factors of production receive in return for their service alone.
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Key Takeaways. Gross profit refers to a company's profits earned after subtracting the costs of producing and distributing its products. Net income indicates a company's profit after all of its expenses have been deducted from revenues.
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Gross price, or gross cost, is the total cost of acquiring a product. Net price is defined as gross price minus any monetary benefits you gain from the product.
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Gross refers to the whole of something, while net refers to a part of a whole following some sort of deduction. For example, net income for a business is the income made after all expenses, overheads, taxes, and interest payments are deducted from the gross income.
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Gross is the total revenue you have earned for that period. Net revenue is what's left when all the costs have been taken out. ... Net revenue is calculated by subtracting cost of sales,including cost of goods sold, estimated returns or any allowances from gross revenue.
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But what's the difference? Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. ... Net pay is the amount of money your employees take home after all deductions have been taken out. This is the money they actually get on payday.
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Knowing the difference between the two will help when planning your expenses. Gross income is a person's total income earned before taxes and other deductions. Earned income includes salaries, wages, bonuses, tips, and self-employment income. Net income is a person's income earned after deductions and taxes.
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The Difference Between Gross Sales and Net Sales Gross sales are the grand total of sale transactions within a certain time period for a company. Net sales are calculated by deducting costs of goods sold, sales allowances, sales discounts, and sales returns from gross sales.
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Gross Income is the sum of all your earnings before any taxes have been deducted, minus any exemptions. Net Income is the money you take home after all taxes and contributions have been deducted from your gross salary. Tax due is the sum of all taxes and contributions that will be deducted from your gross salary.
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GNP and GDP both reflect the national output and income of an economy. The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country.
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What is the difference between gross and net income? Gross income is what you make before any deductions. Net pay is what is left after taxes, health benefits, and other deductions are taken out of your check.
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Profit is the amount of money your business gains. The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... But, your business's other expenses are not included in your COGS.
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Explicitly model and distinguish the differences between 'gross mass' and 'net mass': Gross mass: The total weight, including the contents and the packaging. Net mass: The total weight, not including the packaging. ... 65g is gross mass =mass of container + mass of contents).
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The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.
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Gross income and net income can mean different things depending on the situation. In general, gross income is the total income you earn on your paycheck, and net income is the amount you receive after deductions are taken out.
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The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. ... GNI (Gross National Income) = (similar to GNP) includes the value of all goods and services produced by nationals – whether in the country or not.