Revenue is any money that a business makes from selling its goods and services, whereas costs are anything that a business pays for. Businesses need revenue to ensure that they can maintain their ...

After revenue has been used to cover the cost of production, profit is the remaining income. The difference between total revenue and total cost, as defined by the Dummies website, is the difference ...

What is cost of goods sold for a small business? Your taxes are based on the Cost of Goods Sold. It's the total cost of getting your goods into the hands of your customer, and it's a deductible ...