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Revenue foregone is an adjustment to the rates tariff. It is a rates rebate that is generally available to all ratepayers of a particular category; e.g. residential land use. Therefore the revenue was never there to be collected (the revenue was foregone), and so should not be considered to be revenue in the first instance.
What else can I help you with?
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
How do you use the word foregone in a sentence?
We have foregone the chance to meet the Prime Minister to be on television instead. But that is just one.
How do you calculate economic profit and what factors are considered in determining it?
Economic profit is calculated by subtracting both explicit costs (such as wages and rent) and implicit costs (such as opportunity costs) from total revenue. Factors considered in determining economic profit include production costs, revenue generated, and the value of alternative opportunities foregone.
What is the prefix for go?
semi
In economics what is cost?
cost of what you give up to get it
What does a foregone conclusion mean?
A foregone conclusion refers to an outcome that is anticipated or expected to happen based on the circumstances or evidence available. It suggests that the result is already determined or inevitable before it actually occurs.
What is the economic term for sacrifice foregone?
Opportunity cost or real cost.
Opportunity costs is best defined as?
The value of the best foregone alternative.
Can you send a letter free by writing frank on it?
No. You can't send it for free. Franking privilege extends to members of the US Congress to allow them to freely communicate with their constituents. The postage was originally computed and paid to the Postal Service, but this was later discontinued as "revenue foregone" was credited and collected through other postal rates.
In YuGiOh can a ritual monster be special summoned from the graveyard after using Ritual Foregone?
No, because it wasn't 'properly' special summoned. To be able to special summon a Ritual Monster from the graveyard, it has to be initially summoned by Ritual Summon. Ritual Foregone does not Ritual Summon.
In a judicial sale of a house are you still responsible for any mortgage left on the property or is that foregone with the sale?
no
A good or service that is foregone by choosing one alternative over another is called a?
opportunity cost
What has the author Donna O'Sullivan written?
Donna O'Sullivan has written: 'Alleged affections' 'Foregone conclusions'
