Operating revenue is revenue generated from prime activity of business, or the typical activity that is reoccurring in nature.
on the other hand
Non Operating revenue is the revenue from source that is not related to the typical activity of business. It may include gain from investment (if organization is not itself a financial institution) , gain from property or by selling some asset or gain from currency exchange.
Total Revenue is the sum of both Operating revenue and non operating revenue.
For example:
Abc Co manufacture furniture, the revenue from selling furniture is $50000
and it also sell its one of its property at $45000 that ABS Co bought several years ago for $40000. ..
operating revenue---------= $50000
non operating revenue(45000-40000)= $ 5000
total revenue (50000+5000) $ 55000
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.
=(total revenue- total expenditures)/revenue. you get a percentage.
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
The short answer is that revenue is the total of all money that a company receives from people paying for its products or services, and profit is what is left over at the very end after the company has paid for the cost of goods sold, plus all of its expenses.
Revenue is the income that a business receives, total revenue would be formulated by price times quantity However business occurs expenses along with the sales, therefore to calculate the net effect of the income that business receives, we use profit which is essentially the revenue minus expenses/costs incurred
profit or loss
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.
=(total revenue- total expenditures)/revenue. you get a percentage.
Operating revenue is the revenue which is earned from basic business operating activities while in tolal income may include revenue from non operating activities as well.
maximizing the difference between total revenue and total cost
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
operating leverage is related to the investiment which is runing the business as finacial leverage related to the total equity minus laibalities .
Basic Operating weight is the total weight of an unloaded a/c, meanwhile, the DOWis the Basic weight+Bags+flight crew+catering.
when operating cost exceeds total revenue
Net income plus operating expenses equals gross profit, or total revenue. To calculate net income, accountants subtract total expenses from total revenues.
The short answer is that revenue is the total of all money that a company receives from people paying for its products or services, and profit is what is left over at the very end after the company has paid for the cost of goods sold, plus all of its expenses.
Revenue is the income that a business receives, total revenue would be formulated by price times quantity However business occurs expenses along with the sales, therefore to calculate the net effect of the income that business receives, we use profit which is essentially the revenue minus expenses/costs incurred