forecasting

Question 1

a tool used in planning that aims to support management or a business owner in its desire to adjust and cope up with uncertainties of the future

Answer 1

forecasting

Question 2

a result when sales exceed the cost to produce goods of render the services

Answer 2

revenue

Question 3

is a total amount of money brought into the company
through the operation of the business.

Answer 3

revenue

Question 4

it is recognized when earned, whether paid in cash or charged into the amount of the costumer

Answer 4

revenue

Question 5

used especially when the nature of business is merchandising or retail

Answer 5

sales

Question 6

income is used to record revenues earned by rendering services

Answer 6

service

Question 7

refers to the amount of money used to produce or manufacture goods/merchandise as well as costs incured in selling the goods/merchandise

Answer 7

cost

Question 8

Other terms related to revenue includes
Sales and Service Income.

Answer 8

revenue estimates

Question 9

refers to the amount added to the cost to
come up with the selling price

Answer 9

mark upp