MANAGEMENT

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the definition of Revenue?
A
Monetary value of the services delivered to our customers, which we can bill and collect
B
Monetary value of the services that are sold to a customer
C
The amount of money you have in the bank
D
COR-ADRC = Revenue
Explanation: 

Detailed explanation-1: -For a company that provides services to its customers, the revenue will be calculated by multiplying the value of services by the number of customers. Revenue = Price of goods * number of goods sold. Or. Revenue = Number of customers * Price of services. Analysis of financial statement.

Detailed explanation-2: -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-3: -Revenue is the money earned by a company obtained primarily from the sale of its products or services to customers.

Detailed explanation-4: -The basic revenue definition is the total amount of money brought in by a company’s operations, measured over a set amount of time. A business’s revenue is its gross income before subtracting any expenses. Profits and total earnings define revenue-it is the financial gain through sales and/or services rendered.

Detailed explanation-5: -Revenue collection frequently refers to a government agency billing the public or a member of the public for fines, taxes or any other fees. However, revenue collection is also the general collection of revenue for debts owed or owed revenue by persons or businesses.

There is 1 question to complete.