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May 20th, 2016, 01:17 AM   #1
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What is revenue?

Hello,
If some one write this Revenue: 108.8 billion USD (2015) what this mean?
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May 20th, 2016, 02:16 AM   #2
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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
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May 20th, 2016, 05:27 AM   #3
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what is income?
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May 20th, 2016, 05:36 AM   #4
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Quote:
Originally Posted by MMath View Post
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.

http://www.investopedia.com/ask/answ...and-income.asp
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May 21st, 2016, 06:22 AM   #5
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MMath, for such questions, use a dictionary or Google.
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May 28th, 2016, 11:12 AM   #6
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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.
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May 28th, 2016, 11:22 AM   #7
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An anagram of revenues : never use !
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May 28th, 2016, 07:03 PM   #8
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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).
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