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What else can I help you with?
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
What is total revenue variance?
Total revenue variance measures the difference between actual revenue and budgeted or expected revenue for a specific period. It helps businesses assess their performance by identifying whether they earned more or less than anticipated. This variance can arise from changes in sales volume, pricing, or market conditions. Analyzing total revenue variance can provide insights into operational effectiveness and inform future business strategies.
What is adverse variance?
A non favourable variance Eg: adverse revenue means the company earned less revenue than expected.
What is it called amount of money earned?
The amount of money earned is commonly referred to as "income." This can include various sources, such as wages, salaries, interest, dividends, and profits from investments or business activities. In a broader context, total earnings may also be termed "revenue" or "earnings," depending on the financial context.
What is 37 in profit?
A profit of 37 indicates that a business or investment has earned 37 units of currency over its costs. This figure represents the surplus after all expenses have been deducted from total revenue. Essentially, it shows a positive financial outcome, contributing to overall profitability.
What percentage of the net income earned in the US is generated by corporations?
60%
Is a deposit cash an earned revenue?
No, a deposit cash is not considered earned revenue. It represents a liability for the business until the service is provided or the product is delivered, at which point it can be recognized as revenue. Until that time, it is simply a payment received in advance and does not reflect income earned by the business.
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
What is percentage lease?
It is one type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.It is the term used in commercial real estate.
When is revenue considered earned in a service type business?
when the service is performed
What is the relative frequency of the revenue earned by B?
To determine the relative frequency of the revenue earned by B, you need to calculate the proportion of B's revenue compared to the total revenue earned by all entities in the dataset. This can be done by dividing B's revenue by the total revenue and then expressing it as a percentage or a fraction. If you provide specific revenue figures, I can help you calculate the exact relative frequency.
What is revenue in excel?
Revenue is how much is earned, like in a business. As Excel deals with numbers, then calculating revenue is something that is regularly done in Excel.
What is the difference between operating revenue and non operating revenue?
Operating revenue is that revenue which is earned by basic operating activity of business while non operating profit is earned from other activities like purchases of marketable securities etc.
Is unearned revenue a credit balance?
Yes, Unearned revenue has credit balance and it is liability for business until it is actually earned.
Is deferred revenue a current liability?
Yes, deferred revenue is a current liability. It means that the revenue has yet to be earned, therefore it is still owed to the business or company.
What would the journal entry if revenue earned by the business during the year?
debit cash / bank / accounts receivablecredit revenue account
