Revenue Definition Us History
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How to use revenue in a sentence.
Revenue definition us history. Revenues the collective items or amounts of income of a person a state etc. The income that a government or. Revenue also referred to as sales or income forms the beginning of a company s income statement and is often considered the top line of a business. Revenue is also known as sales as in the price to sales ratio an alternative to the price to earnings ratio that uses revenue in the denominator.
Revenue is also referred to as sales or turnover. Revenue is money earned by a business or income received by the government from taxes. Some companies receive revenue from interest royalties or other fees. The income that a government or company receives regularly.
In fiscal year fy 2021 income taxes will account for 50 payroll taxes make up 36 and corporate taxes supply 7. Federal tax revenue is the total tax receipts received by the federal government each year. The government is always interested in dreaming up new sources of revenue and so is the average head of a company unless she doesn t want to be the head anymore. Revenue is money that a company organization or government receives from people.
Revenue definition is the total income produced by a given source. In accounting revenue is the income that a business has from its normal business activities usually from the sale of goods and services to customers. The total income produced by a given source. Most of it is paid either through income taxes or payroll taxes.
The government department charged with the collection of such income. The gross income returned by an investment. Revenue recognition is a generally accepted accounting principle gaap that identifies the specific conditions in which revenue is recognized. Revenue may refer to business income in general or it may refer to the amount in a monetary unit earned during a period of time as in last year company x had revenue of 42 million.
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