GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money a company or an individual can keep, after all expenses have been paid
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The total amount of money a business or individual brings in
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The total amount of a product (good or service) available for purchase at any specified price.
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Total of all the things you own that have a value, or could create money for you in the future
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Detailed explanation-1: -Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Revenue, also known as gross sales, is often referred to as the “top line” because it sits at the top of the income statement. Income, or net income, is a company’s total earnings or profit.
Detailed explanation-2: -Revenue definition says that it is the total amount of money received from carrying out the business operations such as sales. On the income statement, it is also known as sales. It is the top line figure as it is shown first on the income statement of any company.
Detailed explanation-3: -Revenue (also referred to as Sales or Income) forms the beginning of a company’s income statement and is often considered the “Top Line” of a business. Expenses are deducted from a company’s revenue to arrive at its Profit or Net Income.