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Not always. There are sources of revenue other than sales. For example, a company with considerable cash assets may have some revenue from interest.
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Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
Why total revenue equal to total cost?
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
Meaning of average and marginal revenue?
Average revenue is the revenue per unit of the commodity sold. Average revenue and price are the same thing. It is obtained by dividing total revenue by the number of units sold by the producer. Suppose a firm's total revenue from the sale of 100 bicycles is Rs. 1,20,000,average revenue here will be, RS.12,00(1,20,000/100). Marginal revenue ia a net addition to the total revenue when one more unit of a commodity is sold. For example,suppose a firm receives total revenue of Rs. 5,000 from the sales of 10 fans and Rs.5,480 by selling 11 fans. Here Rs. 480(5,480-5,000) will be the marginal revenue from the sale of the 11th fan. Algebrically, marginal revenue is the addition to total revenue of the firm when it sells n units of product instead of n-1 units.
Is the total turnover the same with the total revenue?
yah
What is the distinction between marginal revenue product and marginal revenue?
I'm thinking that marginal revenue product is the marginal revenue on one product, and marginal revenue is the marginal revenue on the whole firm sales... I'm wondering the same thing but the above response is incorrect. both terms imply values on one item as indicated by the "marginal"
Is total sales and total revenue the same thing?
yes
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 net sales the same as total revenue?
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.
What is the difference between revenue and sales?
They literally mean the same thing.
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
Why total revenue equal to total cost?
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
Is Revenue same as Sales?
No
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.
This year's total sales for Simpson Inc. are 228504. During this same time frame office furniture sales accounted for 122265 of the firm's total sales revenue.?
The given figures are possible outcomes.
How to calculate gross profit?
Sales (or revenue, it's the same thing) - cost of goods sold= Gross Profit
