Witpm
ulivilini cultip
5. the difference between earned income and costs is

The main difference between earned income and cost is that earned income is an account that sum into the revenue and cost is an account that subtract from the revenue.  

Earned income: This is a concept that refers to the wages, salaries, tips and any other remuneration obtained for the participation in a Business or Trade.

Costs: The amount of money that must be expended to obtain something. Upon the scenario the costs might be related to the production of a good or service e.g. supplies. direct raw material. or costs might be the final price of a good or service.  

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; the above statement is (true);