what is the sales revenue

Accounting
Tutor: None Selected Time limit: 1 Day

beginning
Assets          28,000
Liabilities      15,000

Ending

Assets          30,000
Liabilities      17,300

During the year

Sales Revenue ?
Expenses       8,500
Dividends       3,000

Aug 22nd, 2015

Thank you for the opportunity to help you with your question!

Hi

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.


James Price

Study Pool Tutor

Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 22nd, 2015

Now here is a question for you to ponder, what is the difference between doing accounting reports for big businesses versus small businesses?

James Price

Study Pool Tutor

Aug 22nd, 2015

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.' 

Aug 22nd, 2015

Ok, I will take care of that for you 

Aug 22nd, 2015

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


James Price 

Study Pool Tutor

Aug 22nd, 2015

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