No. Retained earnings are the past earnings that have not been paid out as a dividend. It is part of equity, on the credit side of the balance sheet. The balance sheet is at a point in time (at a...
Yes, income is the same thing as revenue, however there are key words to help distinguish between the types of "income" or revenue. Revenue (sometimes referred to as income) is the money a company...
Sales revenue is all the money from your sales. BUT profit is how much money you actually make after considering rent and other expenses. So you should never get carried away by sales revenue because...