Revenue Is The Amount Of Money That Quizlet

Terms in this set 17 what is revenue.

Revenue is the amount of money that quizlet. Filling a societal need and an educational need. Profit is the total amount producers earn after subtracting the production costs. Revenue is the amount of money that a company actually receive. Revenue is the total amount producers receive after selling a good.

Net sales are total revenue less the cost of sales returns a. Profit is the total amount producers earn after subtracting the production costs. Amount money a firm receives. Learn vocabulary terms and more with flashcards games and other study tools.

Recognizes revenue over time to account for long term contracts. Select all that apply. Number of sales x price per unit. Revenue is the amount of money that a company actually receive.

Learn vocabulary terms and more with flashcards games and other study tools. The total amount of money a business takes in during a given period by selling goods and services. The amount of money a business earns above and beyond what it spends for salaries and other expenses. Answered aug 22 2019 by williamp.

Answer the following statement true t or false f introduction to business. Revenue is the total amount producers receive after selling a good. Revenue is the amount of money that the government spends on defense the government collects from taxes or borrowing the government owes in debt the government uses to provide social services. Start studying revenue profit costs and losses.

What us the formula for revenue. The journal entry to record revenue during year 1 is. The contract price is 5 million total construction costs are 3 75 million actual costs incurred during the first year are 1 5 million and the revenue recognized is 2 million. Total revenue an enterprise receives over a given period.

Asked aug 22 2019 in business by jackiejones928.