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 May 20th, 2016, 01:17 AM #1 Banned Camp   Joined: May 2016 From: earth Posts: 703 Thanks: 56 What is revenue? Hello, If some one write this Revenue: 108.8 billion USD (2015) what this mean? Thanks from manus
 May 20th, 2016, 02:16 AM #2 Senior Member   Joined: Apr 2014 From: Glasgow Posts: 2,115 Thanks: 708 Math Focus: Physics, mathematical modelling, numerical and computational solutions Revenue is the total amount of money coming into a company (irrespective of expenditure). "108.8 billion USD (2015)": USD refers to United States Dollars. 2015 was last year Thanks from manus
 May 20th, 2016, 05:27 AM #3 Banned Camp   Joined: May 2016 From: earth Posts: 703 Thanks: 56 what is income? Thanks from manus
May 20th, 2016, 05:36 AM   #4
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Quote:
 Originally Posted by MMath what is income?
It is a vague term for money earned. However, it seems most people consider income to mean "net income" or "profit", so in general:

total income = total revenue - total expenditure

If the income is positive, it is a profit. If the income is negative, it is a loss.

 May 21st, 2016, 06:22 AM #5 Math Team   Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 12,619 Thanks: 845 MMath, for such questions, use a dictionary or Google. Thanks from manus
 May 28th, 2016, 11:12 AM #6 Senior Member   Joined: May 2016 From: USA Posts: 1,038 Thanks: 423 Many words used in business, economics, and accounting are identical because they are historically derived, but they may have somewhat different meanings in modern usage. "Revenue" for a business or government basically means all value received during a period of time. In the eighteenth century, what is now called "revenue" was often called "gross income." "Revenue" for a business or government corresponds fairly closely to what is meant today by an individual's "income." For most non-financial businesses, "revenue" is generally not far different from cash receipts for the same period, excluding monies borrowed. Economists generally simplify by assuming that "revenue" and cash receipts excluding monies borrowed are identical. Accountants on the other hand have a more complex meaning that demands that the value received must have been earned; for an accountant, if you receive cash today to do work next week, that is not revenue today: it only becomes revenue after you do the work next week. In other words, the exact meaning of "revenue" depends on what type of person is talking and how formal they are being. Thanks from manus
 May 28th, 2016, 11:22 AM #7 Math Team   Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 12,619 Thanks: 845 An anagram of revenues : never use ! Thanks from manus
 May 28th, 2016, 07:03 PM #8 Senior Member   Joined: Dec 2012 From: Hong Kong Posts: 853 Thanks: 311 Math Focus: Stochastic processes, statistical inference, data mining, computational linguistics Revenue is the amount you receive from your customers. Not considering tax, total revenue (TR) = P * Q (where P and Q stand for Price and Quantity), marginal revenue (MR) = P (in a market with perfect competition - this is different in a monopoly), so TR is just the sum of MR from 0 to the equilibrium quantity. Income is the compensation you get from factors of production. This includes wages (for labour), rent (for land), interest (for capital) and profit (for entrepreneurship). Thanks from manus

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