Follow live coverage of the San Bernardino shooting >>. Late Wednesday night, San Bernardino police Chief Jarrod Burguan identified the people killed in the gun battle with police as Syed Rizwan Farook, a 28-year-old American citizen, and 27-year-old Tashfeen Malik.
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees. 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 $42 million.
Types/Kinds of Revenue: We have discussed earlier the various types of costs of a firm. Now the discussion will centre round the various types of revenue of a firm. Definition of Revenue: By 'revenue' of a firm is meant the total sale proceeds or the total receipts of a firm from the sale of the output. (i) Total Revenue, (ii) Marginal Revenue, (iii) Average Revenue.