The total amount of income generated by the sale of goods or services related to the primary operations of the company is referred to as revenue.
What are the types of revenue?
- The two most important revenue categories are total revenue and marginal revenue.
- A company's total selling price equals its total revenue. It is calculated using the quantity of each product as well as its price. Marginal revenue is the difference between total revenue and the change in product quantity.
- Revenue is frequently used to refer to the total amount of money earned by a company from the sale of goods or services required to run its operations. Sales revenue is money earned over time through the sale of goods or services.
- Tax revenue is the money collected by the government from tax payers. The money raised by a charity from donors and other sources and used to further its charitable objectives is known as fundraising revenue.
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