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Definition of Indirect Taxes
taxes paid by consumers when they buy goods and services. A sales tax is an example.
GDP with some adjustments to remove items that do not make it into anyone's hands as income, such as indirect taxes and depreciation. Loosely speaking, it is interpreted as being equal to GDP.
A situation wherein participants in a transaction have different net tax rates.
Net income plus depreciation.
A non-cash expense that provides a source of free cash flow. Amount allocated during the
A financial measure defined as revenues less cost of goods sold
The operating profit before deducting interest and tax.
The operating profit before deducting interest, tax, depreciation and amortization.
An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working
This measure is used principally by
a cost that cannot be traced explicitly to a particular
A cost that is not directly associated with a single activity or event. Such
Costs that are necessary to produce a product/service but are not readily traceable to particular products or services – see overhead.
The cost of any labor that supports the production process, but which is
A method of preparing the operating section of the Statement of Cash Flows that does not use the company’s actual cash inflows and cash outflows, but instead arrives at the net cash flow by taking net income and adjusting it for noncash expenses and the changes from last year in the current assets and current liabilities.
A format for the operating section of the cash-flow statement that
For foreign exchange, the number of units of a foreign currency needed to buy one U.S.$.
Payroll taxes payable
The amount of payroll taxes owed to the various governments at the end of a period.
Profit before interest and taxes (PBIT)
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