Revenue is important because it tells you how much money overall is coming into the business and after subtracting the costs you can see what your overall profit is.
Chat with our AI personalities
Marginal revenue is the change in total revenue over the change in output or productivity.
The powers and duties of the Bureau of Internal Revenue are:Assessment and collection of all internal revenue taxes, fees and charges; andenforcement of all forfeitures, penalties, and fines connected therewith, including the execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts;It shall also give effect to the administer supervisory and police powers conferred to it by the National Internal Revenue Code and special laws.
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
The revenue for the last year would be $2,598,000.
Profit=Total revenue - Total cost