Thank you for the opportunity to help you with your question!
Sales revenue is the money that you make on your investments. Anytime a good or product is sold you earn revenue on your investment and then you make a profit. If you make a revenue your assets should outweigh your liabilities the more you sell the more revenue you make during the year. So revenue is a good thing in accounting.
Study Pool TutorPlease let me know if you need any clarification. I'm always happy to answer your questions.
Now here is a question for you to ponder, what is the difference between doing accounting reports for big businesses versus small businesses?
Study Pool Tutor
this is the only data that i have been given . The question is for me to find to Find the missing data using the numbers given..... Which means I am supposed to be able to find Sales Revenue.'
Ok, I will take care of that for you
Now there are three steps for you to calculate the sales revenue. You must determine the cost of the unit sold. For example lets say that firm A sells widgets and each widget sells for $6 per unit. Firm A sells 100,000 units during the year.
Multiply the cost per unit by the number of units sold. In the example above we find that it would be $6 multiplied by 100,000 unites so the sales revenue would be $600,000 in sales revenue
You then combine the sales revenues from the other products on your statements, for example if Firm A also sells buckets that produce sales revenue during the year of $200,000. Its total revenue is $600,000 plus $200,000 than the total revenue equals $800,000 total, thus you have your sales revenue
Study Pool Tutor
Content will be erased after question is completed.