_revenue.docx study

Jun 29th, 2015
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In business, revenue or turnover income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, revenue is referred to asturnover. Some companies receive revenue from interest, royalties, or other fees.

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RevenueInbusiness,revenueorturnoverincome that acompanyreceives from its normal business activities, usually from the sale ofgoods and servicesto customers. In many countries, revenue is referred to asturnover. Some companies receive revenue from interest, royalties, or other fees.[1]Revenue may refer to business income in general, or it may refer to the amount, in amonetary unit, received during a period of time, as in "Last year, Company X had revenue of $42 million."Profitsornet incomegenerally imply total revenue minus totalexpensesin a given period. Inaccounting, revenue is often referred to as the "top line" due to its position on theincome statementat the very top. This is to be contrasted with the "bottom line" which denotes net income.[2]Fornon-profit organizations, annual revenue may be referred to asgross receipts.[3]This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization'smission, and income from fundraising activities, membership dues, and financial investments such asstock shares in companies.In general usage, revenue is income received by an organization in the form ofcashor cash equivalents.Sales revenueor revenues is income received from selling goods or services over a period of time.Tax revenueis income that a government receives from taxpayers.In more formal usage, revenue is a calculation or e

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