Explain the difference between income and revenue.
Question:
Explain the difference between income and revenue.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Revenue is the total amount of income generated by the sale o...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Question Posted:
Students also viewed these Business questions
-
Explain the difference between income and revenue.
-
Explain the difference between cost deferral and revenue deferral for con-tracts that involve a warranty arrangement.
-
Explain the difference between internal and external fragmentation.
-
The unadjusted trial balance of Simple Consulting Services as at December 31, 2021 is as follows: Cash Accounts receivable Prepaid insurance Supplies inventory Office equipment Accumulated...
-
Use the Tips for Commenting on Peer Writing to provide feedback on another students writing. Exchange draft documents with another student and use Track Changes in Microsoft Word to make comments....
-
If there has been no account activity for an extended period of time, state laws require banks to turn the customers property over to the state. State treasurers or comptrollers are responsible for...
-
What elements are generally included in an EDP system?
-
The Caplans own a real estate lot, and they contract with Faithful Construction, Inc., to build a house on it for $360,000.The specifications list all plumbing bowls and fixtures . . . to be Crane...
-
Pick a movement in a physical activity that you are familiar with. You may take a picture of you performing the skill or you may describe the skill Explain what happens in each of the phases of the...
-
WAR (We Are Rich) has been in business since 1987. WAR is an accrual-method sole proprietorship that deals in the manufacturing and wholesaling of various types of golf equipment. Hack & Hack CPAs...
-
A list of account balances for Mr Zhengs business (Futronics) at the end of the 30 June 2017 reporting period is shown below. Prepare the statement of profit or loss for the reporting period, and the...
-
Describe the items that are likely to be present in a statement of changes in equity.
-
a. Ball A, moving towards the right, collides with stationary ball B. Ball A bounces back; ball B moves off slowly to the right. Which has the greater mass, ball A or ball B? b. Trolley A, moving...
-
Suppose the following: Beginning Inventory = 11167 Ending Inventory= 12334 Beginning Receivables = 6397 Ending Receivables = 6850 Beginning Payables = 8302 Ending Payables = 8925 Credit Sales = 91677...
-
Cost 100,000 Similar projects, Eta and Zeta, are being considered using the payback method. Each has an initial cost of $100,000. Annual cash flows for each project are provided in the table at the...
-
When a corporation records income tax expense, what account is credited? Explain.
-
Assess the extent to which legal, regulatory and ethical factors can influence options for funding in the UK, and the extent to which legal and regulatory responses to changes in the commercial...
-
In accordance with which accounting standards do financial accountants prepare financial information?
-
A curve in a stretch of highway has radius R. The road is banked at angle to the horizontal. The coefficient of static friction between the tires and road is s. What is the fastest speed that a car...
-
Calculate the electrical conductivity of a fiber-reinforced polyethylene part that is reinforced with 20 vol % of continuous, aligned nickel fibers.
-
Which of the following entities do you think would have the greatest proportion of working capital held as inventory? Why? (a) Local butcher (b) Hardware store (c) Stallholder at a weekend market...
-
Which of the following entities do you think would have the greatest proportion of working capital held as accounts receivable? Why? (a) Local butcher (b) Hardware store (c) Stallholder at a weekend...
-
Which of the following entities do you think would have the greatest proportion of working capital held as cash? Why? (a) Local butcher (b) Hardware store (c) Stallholder at a weekend market selling...
-
Should an MNC purchase Nestl stock yes or no? Recommendations should include the company's sustainability plans, the image of the company, Gordon Growth result, and financial performance. Any...
-
Can the sponsor, or general partner, continue to achieve such high returns? Framed another way, can the general partner earn a 25+% return on the $6,305,000 received at the end of the 10th year? If...
-
Select a hospital that publicly displays their financial performance on their website. Describe the Profit Loss Statement: Review top revenue items Review cost comparison compared to previous year...
Study smarter with the SolutionInn App