Revenue is the income made from business activities and it can also be known as sales.
Question 1: Is revenue the same as cash?
No. Revenue is the money a company earns from selling their products and services. Cash is the amount of money that is being transferred in and out of the business.
Question 2: How do you determine revenue?
To calculate the revenue, you need to multiply the number of sales by sales price. (Revenue = Sales x Average Price of Service or Sales Price)