FORECASTING REVENUE AND COSTS DEPARTMENT

• COSTS -


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


  is a result when sales exceed the cost to produce goods or render the services
• FORECASTING


  a tool used in planning that aims to support management or a business owner in its desire to adjust and cope with uncertainties of the future
• Revenue is a result when sales exceed the cost to produce goods or render the services.
• Sales


  is used especially when the nature of business is merchandising or retailing;
• Service Income


  is used to record revenues earned by rendering services
• MARK UP


  refers to the amount added to the cost to come up with the selling price.
• PROFIT


  is a financial gain from a transaction or from a period of investment or business activity