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Financial Terms | |
revenue-driven expenses |
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Definition of revenue-driven expensesrevenue-driven expensesOperating expenses that vary in proportion to
Related Terms:Accrued expenses payableexpenses that have to be recorded in order for the financial statements to be accurate. Accrued expenses usually do not involve the receipt of an invoice from the company providing the goods or services. accrued expenses payableThe account that records the short-term, noninterest- Annual fund operating expensesFor investment companies, the management fee and "other expenses," ExpensesThe costs incurred in buying, making or producing goods and services. ExpensesCosts involved in running the company. Fictitious Revenuerevenue recognized on a nonexistent sale or service transaction. Fixed ExpensesCost of doing business which does not change with the volume of business. Examples might be rent for business premises, insurance payments, heat and light. ![]() fixed expenses (costs)expenses or costs that remain the same in amount, GENERAL-AND-ADMINISTRATIVE EXPENSESWhat was spent to run the non-sales and non-manufacturing part of a company, such as office salaries and interest paid on loans. incremental revenuethe revenue resulting from an additional contemplated sale Industrial revenue bond (IRB)Bond issued by local government agencies on behalf of corporations. Internal Revenue CodeRefers to all federal tax laws as a group. Internal Revenue ServiceA federal agency empowered by Congress to interpret and enforce tax-related laws. NET SALES (revenue)The amount sold after customers’ returns, sales discounts, and other allowances are taken away from OPERATING EXPENSESThe total amount that was spent to run a company this year. Operating ExpensesThe amount of money the company must spend on overhead, distribution, taxes, underwriting the risk and servicing the policy. It is a factor in calculating premium rates. Premature Revenuerevenue recognized for a confirmed sale or service transaction in a period Prepaid expensesexpenses that have been paid for but have not yet been used up; examples are prepaid insurance and prepaid rent. Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. Realized RevenueA revenue transaction where goods and services are exchanged for cash or RevenueIncome earned from the sale of goods and services. RevenueAmounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales. RevenueAn inflow of cash, accounts receivable, or barter from a customer in exchange Revenue bondA bond issued by a municipality to finance either a project or an enterprise where the issuer revenue centera responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs Revenue fundA fund accounting for all revenues from an enterprise financed by a municipal revenue bond. Revenue RecognitionThe act of recording revenue in the financial statements. revenue should Sales Revenue Revenue recognized from the sales of products as opposed to the provision ofservices. SELLING EXPENSESWhat was spent to run the sales part of a company, such as sales salaries, travel, meals, and lodging for salespeople, and advertising. Service Revenuerevenue recognized from the provision of services as opposed to the sale of Total revenueTotal sales and other revenue for the period shown. Known as "turnover" in the UK. Unearned revenueMoney that has been paid by customers for work yet to be done or goods yet to be provided. Unearned revenueA payment from a customer that cannot yet be recognized as earned unit-driven expensesexpenses that vary in close proportion to changes VARIABLE EXPENSESThose that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc. variable expensesexpenses that change with changes in either sales volume Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |