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Sales revenue is measured over a period, and is shown on the income statement.
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Is income the same thing as revenue how?
Yes, income is the same thing as revenue, however there are key words to help distinguish between the types of "income" or revenue.Revenue (sometimes referred to as income) is the money a company receives from providing a good or service. Sales Revenue or Sales Income are a good example of how Revenue and Income can be interchangeable. Both refer to the same thing, money brought into a business from "sales".Gross Income (rarely referred to as Gross Revenue) is the income a company has after the cost of goods sold are deducted.Net Income is basically the what's remaining of the Gross Income after all expenses such as Taxes, Salaries, Etc are paid.Retained Earnings is the final step. Retained earnings is simply PROFIT. It is what the company has after dividends are paid out of Net Income, if applicable. Retained earnings is what the company literally made after all COGS, Expenses, and Dividends are paid.
Are retained earnings and reserves the same thing?
YES RETAINED EARINING ARE ADDED TO THE EXISTING RESERVE OF THE COMPANY
4 How is it possible to have taxable income which means a property is profitable yet have negative cash flow?
Income is not the same thing as retained earnings. A company may have a profit in revenue but show a net-loss in retained earnings. Gross Income (revenue) is what a company makes, Net Income (revenue) is the balance after all expense are paid, and Retained Earnings is the actual "profit or loss" a company retains after any dividends to stockholders are paid (if applicable).For example, say a company has an income of $15000, taxes are figured usually on the full amount, say taxes are 16% and the company has total expense of $14000. To figure their "retained" earnings, we figure Tax expense $2400 + $14000 (other expense) = $16400 (total expenses)Revenue $15000 - Total Expenses $16400 = (-$1400) loss
Is total sales and total revenue the same thing?
yes
Are 'revenue' and 'net sale' the same thing?
Net sales and revenues are important in the business community. Both are needed for a business to succeed. However, they are not the same thing. Sales lead to revenue.
Is total sales and the total revenue same thing?
Not always. There are sources of revenue other than sales. For example, a company with considerable cash assets may have some revenue from interest.
What is the difference between revenue and sales?
They literally mean the same thing.
Are total sales and total revenue the same thing?
Total sales and total revenue are slightly different. Revenue is any type of money or income that is coming into the company, which may not always be a form of sales. Sometimes a company or business may receive revenue from investments, which is different from when it is selling an item. Sales are a part of a company's total revenue.
Is sales and total operating revenue the same thing?
Sales is the amount received from selling the goods while total operating revenue is the revenue which is earn only through basic business operating activity.
Is sales and marketing the same thing as net sales?
Sales and marketing is the selling and marketing expenses to promote the product while net sales is the sales revenue minus discounts and returns.
Would a 2 for 1 stock split cause retained earnings to increase?
No. The ONLY thing it would do to a balance sheet is increase the number of shares, and that is a footnote.
How to calculate gross profit?
Sales (or revenue, it's the same thing) - cost of goods sold= Gross Profit
