Answer:
B. Sales
<h2>Are sales and revenue the same?</h2>
The key difference between revenue and sales is that revenue refers to the total income a business entity generates from selling goods or providing services, as well as other income earned in the normal course of business. Sales, on the other hand, refers to the proceeds received by the company from selling goods or providing services. Although revenue and sales are sometimes conflated, there is a difference between the two. Revenue is the collective sum of money a business makes. Sales are the total compensation that a business receives from providing goods or services. Sales are a subset of revenue. In rare circumstances, revenue may be less than sales. Sales are when a customer pays a price for a company's products or services. Large businesses usually have additional revenue streams in addition to sales, including investments, services, interest, royalties, fees, and donations, to name a few. Although they may be easily distinguished in accounting terms, revenue and sales are often used interchangeably.
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Answer:
18.57%
Explanation:
Given that
Government collection annually in tax revenue = $700 billion
Interest payment each year = $130 billion
By considering the above information, the percentage would be
= (Interest payment each year) ÷ (Government collection annually in tax revenue) × 100
= ($130 billion ÷ $700 billion) × 100
= 18.57%
We simply divide the each year interest payment by the government collection on annually basis so that the percentage could come
Answer:
a. Net income
b. Financial accounting
c. Managerial accounting
d. Ethical duties
Explanation:
The items we called are shown below:
a. Net income
As the net income shows a difference between total revenues and the total expenditure incurred
In mathematically,
Net income = Total revenues earned - total expenses incurred
b. Financial accounting
The financial accounting is accounting which keep the tracking of the transactions with respect to the journalizing, posting, recording, summarizing and presented in the financial statements so that it provided the information to outsiders for better decision making
c. Managerial accounting
Managerial accounting refers to the information given to the managers with respect to financial information so that the company objectives and goals could be achieved
d. Ethical duties
Every individual of the society should behave ethically to other people so that the other person should reply in a polite way that shows the principal values of an individual
A more simplistic way of expressing the distinction is to say that payments made under an ordinary annuity <span>occur at the end of the period while payments made under an </span>annuity due<span> occur at the beginning of the period.However, </span>ordinary annuity<span> is the more widely used term</span>