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.
The amount of total revenues reported by a company on its income statement is usually the net sales figure, which means that all forms of sales and related deductions are aggregated into a single line item.or example, if a company has gross sales of $1,000,000, sales returns of $10,000, sales allowances of $5,000, and discounts of $15,000, then its net sales are calculated as follows: $1,000,000 Gross sales - $10,000 Sales returns - $5,000 Sales Allowances - $15,000 Discounts. = $970,000 Net sales.