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Why is revenue important in a business?
Revenue is important to business because it allows businesses to remain operational. When a business loses revenue, they have to adjust to the drop in income.
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
What will a decrease a revenue and a increase liability?
I can think of nothing that will do that in one transaction. Revenue generally does not effect your liabilities. Revenue is an Owners Equity account and most transactions in revenue effect that, not liabilities. (there is one exception and it is explained later on.)Expenses decrease revenue, which in turn decreases retained earnings which effects owners equity.Dividends Paid decrease retained earnings, which in turns also effects owners equity.The only time any "revenue" has an effect on liabilities is if it is an "unearned" revenue. An unearned revenue is a liability, however, it "increases" your liabilities and increases your assets at the same time. Once the unearned revenue is "earned" it then increases your "revenue" and you decrease your liability.
What are the appropriate names for the revenue account for a businesses such as doctor hairdresser photographer loan company real estate company and dry cleaning company?
the doctor, hairdresser and photographer's revenue account name is fees revenue real estate's revenue account name is commission earned
Would service revenue appear on the balance sheet?
Service revenue will appear on the income statement as a revenue account. It will indirectly effect the balance sheet in that it will be accompanied by an increase in either cash, accounts receivable, unbilled revenue (assets) or a decrease in unearned revenue (liability).
What type of software is Cloud9?
Cloud 9 is a type of software used by businesses to generate forecasts of revenue for the company. It helps businesses analyze their statistics and maximize their revenue.
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
State revenue cannot be used to fund what?
private businesses
Why is revenue important in a business?
Revenue is important to business because it allows businesses to remain operational. When a business loses revenue, they have to adjust to the drop in income.
Can marginal revenue ever be negative?
no,marginal revenue cannot be ever negative.this condition is only applies when price effect is on the revenue is greater than output effect
What was the effect of the Civil War on Northern businesses?
The effect on Northern businesses was growth and prosperity.
How does tornadoes effect business?
Most businesses suffer as a result of a tornado. Not only is there the cost of rebuilding or repairing, but there is also lost revenue from having to close for such repairs. However, construction and home repair businesses often profit from a tornado as their services are employed to recover from the damage.
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
What is the snowball effect in regards to tourism?
Tourism tends to have a snowball effect which means it generates revenue in indirect ways. Donor countries are more likely to give aid and support to nations that their citizens visit, and where tourists beat a path, businesses and NGOs often follow. :)
What effects has ICT had upon businesses?
The effect that ICT has had upon businesses?
What was the effect of the US Civil War on northern businesses?
The effect on Northern businesses was growth and prosperity.
What is the basic financial equation for businesses?
Revenue-expenses= profit or loss. Hope this helps!(:
