28.10 Comparison of layouts of compact hot strip mills (b-e) with a layout of semi -continuous hot strip mill (a). 28.6 COMPACT HOT STRIP MILLS By definition, the compact hot strip mills are shorter and comprise lesser number of the mill ...
Total Revenues. Sales from products, services, royalties or rental income is considered revenue. Gains from the sales of assets, income tax refunds, forgiven debts or other unusual items may be cash or income, but are not considered revenues. Total revenues less total expenses equals net profit.f the assets are greater than the liabilities, the company has a positive net worth. There isn't any recognized method of total revenue accounting, but total revenues are important in the calculation of both the net income statement and balance sheet.
Share this set. Total revenue equals the quantity of output the firm produces times the price at which it sells its output. Wages and salaries paid to workers are an example of implicit costs of production. If total revenue is $100, explicit costs are $50, and implicit costs are $30, then accounting profit equals $50. If there are implicit costs of production, accounting profits will exceed economic profits. When a production function gets flatter, the marginal product is increasing.