| |
| What is Basic Annual Income?
Basic Annual Income stands for the amount of money earned in a year by a firm when it's accomplishments are not considered.
For example your company needs a loan. The lender first checks the Basic Annual income of the company and then issues or doesn't the loan. You can consider this number as a worst case scenario, if the company has a bad streak it still can pay it's debt. The Basic Annual Income doesn't include things such as commissions or other bonuses it's strictly the standard income. | | | | |
|
| |
