Question

2) Sources of revenue of the corporation short note​

Answer 1

Answer:

A key step in developing your revenue model is determining the types and sources of revenue your business will generate. Revenue types include product sales, service fees, advertising sales, data access fees, license fees, and/or commissions.

Revenue streams are the various sources from which a business earns money from the sale of goods or the provision of services

Explanation:

Answer 2

Explanation:

Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.

Sales Revenue=Sales Price×Number of Units Sold

​  

 

Revenue is also known as sales on the income statement. It is vital for a startup to get positive revenue early.

Revenue, often referred to as sales, is the income received from normal business operations and other business activities.

Operating income is income derived from normal business operations, such as sales of goods or services.

Non-operating income is infrequent or nonrecurring income derived from secondary sources (e.g., lawsuit proceeds).