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Marginal revenue is the amount of revenue which comes from every increase of a unit sales of . take a example. 5 mangoes sold at 60 Rs. 6 mangos sold at Rs 70. Thus the marginal revenue for 6th mango is 10/- Rs . formula is marginal revenue = total sales value/ no of units (-) total sales value/ no of units {after adding the units)
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Definition of incremental revenue?
Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue
What is the meaning of average revenue and marginal revenue?
what is average revenue?
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
Is accrued revenue an asset?
no, its a revenue
Deferred revenue is revenue that is?
Deferred.
What is external revenue?
external revenue
Is sales revenue a revenue?
Yes it is.
What are the three types of revenue?
The three types of revenue are operating revenue, non-operating revenue, and other revenue. Operating revenue is generated from a company's primary business activities, while non-operating revenue includes income from secondary activities. Other revenue encompasses one-time or irregular income sources.
Is service revenue a debit or cedit?
Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.
