Cleveland's healthcare sector also includes University Hospitals of Cleveland, a renowned center for cancer treatment, MetroHealth medical center, and the insurance company Medical Mutual of Ohio. Cleveland is also noted in the fields of biotechnology and fuel cell research, led by Case Western Reserve University, the Cleveland Clinic, and University Hospitals of Cleveland.
Revenue is integral to a business to cover the costs of producing and selling its goods or services. Without it, profit would not exist. Calculate total revenue by multiplying the price per unit by the quantity sold. For example, if a company sells 100 light bulbs at $3 each, the total revenue is $300.
Figuring Net Income. Net income, or profit, equals total revenue minus total expenses. Revenue is money generated from selling your products and services. Expenses include wages, rent, interest, income taxes, the costs to make or buy your inventory and any other costs you incur during a period to run your business.he return-on-sales ratio equals net income divided by revenue, times 100. If your small business has a net loss for the period, the ratio will be negative.