Abandoned animals, kids with cancer, disabled veterans: These and other pitches for charity can move your emotions and have you reaching for your credit card.
Social Sciences
Nov 22, 2023
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When city governments spend more money than they take in, officials often search for ways to generate revenue. One increasingly common source of money is traffic tickets. And research shows police officers issue more traffic ...
Social Sciences
Sep 21, 2023
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Foods high in fats, sugar and salt (HFSS) have a significant impact on public health, the climate and the economy, but could taxing these products help in the fight against climate change?
Economics & Business
Sep 18, 2023
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The U.S. criminal justice system has expanded considerably since the 1970s. At the same time, male employment rates have dropped and racial earnings inequality has grown. Former inmates perform worse in the labor market than ...
Economics & Business
Sep 11, 2023
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A new study has found that a carbon tax, accompanied by "revenue recycling," can produce both environmental and economic benefits for Australia.
Environment
Aug 3, 2023
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In 2015, two political scientists at the University of Rochester began assembling data to study the effects of colonialism on the ability of newly liberated states to collect revenues after independence.
Economics & Business
Jul 26, 2023
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It's become easy to order items thanks to the miracles of online shopping. But it's not so simple on the retailer end, especially when more than 16% of those sales are later sent back. In the U.S., that adds up to a staggering ...
Economics & Business
Jul 20, 2023
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1
Over the past couple of years, artificial intelligence (AI) has greatly improved hotel operations and efficiency by automating processes such as booking and contactless check-in, allowing staff to focus on providing premium, ...
Economics & Business
Jun 20, 2023
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1
As society reckons with climate change, there's a growing call to keep fossil fuels right where they are, in the ground. But the impact of curtailing oil production will depend on the policies we implement to achieve this.
Environment
May 18, 2023
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6
Consumers paid high energy costs while electricity generators saw enormous increases in revenues beyond their costs, finds a new report by UCL researchers that traces the revenues of the UK's electricity generation sector ...
Economics & Business
May 16, 2023
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In business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies. Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company X had revenue of $32 million."
In many countries, including the UK, revenue is referred to as turnover.
Profits or net income generally imply total revenue minus total expenses in a given period. In accounting and financial analysis, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.
For non-profit organizations, annual revenue may be referred to as gross receipts. This revenue includes donations from individuals and corporations, support from government agencies, income from activities related to the organization's mission, and income from fundraising activities, membership dues, and financial investments such as stock shares in companies. For government, revenue includes gross proceeds from income taxes on companies and individuals, excise duties, customs duties, other taxes, sales of goods and services, dividends and interest.
In general usage, revenue is income received by an organization in the form of cash or cash equivalents. Sales revenue or revenues is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers.
In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or International Financial Reporting Standards.
In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading Revenue or Revenues on an income statement. Revenue account names describe the type of revenue, such as "Repair service revenue", "Rent revenue earned" or "Sales".
This text uses material from Wikipedia, licensed under CC BY-SA
