EM87
Regular Member
imported post
I thought that revenue was the total amount of incoming money. I also thought that MCL 28.425o (which defines a bar) used revenue in its terminology. I just looked online and saw that they use the word 'income', which I read is something like revenue minus costs.(?) Wouldn't that be profit?
What's the difference? In laymen's terms, please.
I thought that revenue was the total amount of incoming money. I also thought that MCL 28.425o (which defines a bar) used revenue in its terminology. I just looked online and saw that they use the word 'income', which I read is something like revenue minus costs.(?) Wouldn't that be profit?
What's the difference? In laymen's terms, please.