What factors determine a company’s total revenue?

final tax and commission free profit

Explanation:

A company has to comply with certain things in order to function, such as the payment of taxes, permits, wages to workers, income and investment, but after all this is paid you realize what your earnings were and lost during a certain time, then you can realize how much your total earnings were, when you pay everything that you have to do by obligation and your company and productive company will always have money left over which is indicative that it is working at perfection. since if it is not enough for you to cover all your expenses, it is just that your company is in a crisis

The goods’ price and the number of goods sold are the factors that determine a company’s total revenue. It is important to know this measurement to calculate total profit for a business.

EXPLANATION:  

In business and economics, the trends in total revenue are one of the most crucial measures for evaluating the business’s success and progress. Total revenue in economics discusses the total earnings from sales of certain quantities of services or goods. This is the total business revenue and is measured by increasing the number of items sold by the goods’ price.

Total revenue comprises of each revenue stream for the business. When calculating total revenue, it delivers a direct description of how much money is running into the company for the specified period. When selling particular products, the total revenue for a product is equal to the selling price multiplied by the number of pieces sold, but the total revenue for a business is more developed.

1.Decide the period to report the total revenues. For instance, statements and reports can be monthly, quarterly, or annually.

2.Classify each company’s revenue streams. Sales of products, contract revenue, and services are typical forms of income.

3.Extract payments received from each revenue stream in the period in question. Add each revenue group and the income derived from the sale of assets such as capital tool. The calculation of all revenue streams for the dated is equal to the total income.

4.Reduce operating costs for the period to get net revenue.

LEARN MORE:  

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

•What will likely happen to a company's total revenue if it raises the price of that product?

KEYWORDS: Total Revenue, Revenue Streams

Subject  : History

Class  : College

Sub-Chapter: Total Revenue

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