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What is net revenue? A Detailed Review

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what is net revenue

Net revenue is important in assessing a business’s financial performance which is why business owners need to pay keen attention to it. So what is net revenue? What is the formula for calculating net revenue? The answers will be revealed in detail here! 

What is net revenue? Meaning of net revenue 

Let’s learn about the concept of net revenue and the meaning of this index for businesses below: 

What is net revenue? 

Net revenue, also known as net sales or net income, is the actual profit of a business after deducting any discounts, returns, and allowances from gross revenue. These deductions can be import and export taxes, special consumption taxes, returned sales revenue, sales discounts or trade discounts. It represents the amount of money a company retains from its sales after accounting for all expenses directly related to generating those sales.

The meaning of real revenue for businesses 

Real revenue is important to an enterprise’s business operations. Specifically, accurately determining real revenue will bring the following benefits: 

Measure and evaluate business results 

Evaluating business results based on real revenue sources is one of the most accurate ways to measure the level of business development. 

The higher the real revenue, the greater the growth of the business. In case deductions are larger than total revenue, real revenue will reach negative levels and vice versa. 

Develop a future business plan 

For business operations to develop sustainably, businesses need to have clear and accurate business strategies. And establishing business plans needs to be based on this revenue index. 

Therefore, if the company is in the early stages of development and the real revenue index is not negative, it proves that the business plan is correct. On the contrary, if the real revenue level is negative when the business has been operating for a long time, it is necessary to consider, adjust the plan and optimize operating costs

Distinguish net revenue from revenue and profit 

In addition to understanding what the concept of net revenue is, you also need to distinguish real revenue from revenue and profit. As follows: 

Net sales and revenue

What is revenue? Revenue is the total value obtained through the activities of selling goods, products, and services of an organization or individual. 

The similarity between revenue and real revenue is the business results of the business. However, the difference between revenue and real revenue is that revenue is the total value obtained, not deductions like real revenue. 

In financial statements, in addition to real revenue, it also includes net revenue. With each different type of revenue, business owners will accurately assess the business situation of the business.

Revenue = (Total value of products sold/number of people experiencing the service * Unit price of product/service) + Other surcharges.

Real revenue and profit 

Profit is the final asset that a business will receive after deducting all costs. Profit is formed based on the difference between the amount of revenue and expenditure during the business operation of the enterprise. 

Real revenue and profit are not the same. High real revenue does not mean high profits. 

Note, the final profit that businesses are interested in is profit after tax. Before determining profit after tax, businesses need to calculate profit before tax, specifically: 

Profit before tax = Net revenue – Cost of goods sold – Selling expenses – Business management expenses.

Profit after tax = Profit before tax – Corporate income tax amount payable in the period.

How to calculate real revenue accurately 

After understanding what the concept of net revenue is, let’s learn the calculation formula. The way to calculate real revenue is quite simple, specifically: 

Net revenue = Total revenue – Sales discounts – Sales returns – Sales discounts 

Or the following general formula: 

Net revenue = Overall revenue (Revenue from sales and service provision) – Revenue deductions 

Example: 

Company A’s revenue is 500,000 USD/year in 2023. In this year, the company implemented a direct commercial discount policy on customer invoices of 10% and returned goods of 30,000 USD. 

Thus, Net Revenue = Overall Revenue (Sales and service provision revenue) – Revenue deductions = 500,000 – 10% * 500,000 – 30,000 = 420 USD. 

Factors affecting net revenue 

What are the factors that affect real revenue and business results of a business? Let’s learn about the factors that affect this index below: 

Cost: 

Price and revenue are proportional to each other. When product and service prices increase, other factors remaining unchanged will lead to increased sales revenue and vice versa. Price is also a factor that governs customer buying behavior. When the price decreases, the quantity of product consumed increases and vice versa. 

Quality of consumer services and products: 

Design and style are considered factors to evaluate the quality of consumer services. Service quality affects the price of goods, thereby the ability to consume and real revenue also changes.

Consumption volume and product production: 

When purchasing demand is large, the number of products increases, leading to increased revenue and vice versa. 

Sales policy: 

Good sales and customer care policies will attract and retain consumers. Since then, product consumption has increased, leading to increased revenue. 

Consumer market: 

High demand for products and services leads to the development and growth of sales revenue. 

Conclusion:

We have introduced to readers the knowledge of what net revenue is  as well as the formula for calculating the net sales. Hopefully it will be useful and help you gain knowledge and apply it to your business!

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8 Best Golf Glasses to Improve Your Game 

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Golf glasses are a tool to protect your eyes from the sun. Not only do they help increase playing performance, they help you see the blades of grass with greater clarity and improve your putting skills towards the green. Here are some of the best golf eyewear brands.

OAKLEY FLAK 2.0 XL

golf glasses

Oakley Flak 2.0 XL golf glasses have a glossy black frame with a pink/brown lens. With Oakley’s PRIZM Golf technology, you’ll find tight-fitting frames and rubber nose pads for comfort and security.

They also don’t slip off if you sweat. The glasses have a large rim so that when you look down, it is not obstructed. Best of all, PRIZM lens technology gives you the best contrast for glare-free and clearer viewing.

OAKLEY FLAK BETA

golf glasses

These are the best Oakley Flak Beta black golf sunglasses with PRIZM golf lenses. It has a semi-rim lens that will allow you to look down on the ball with complete clarity. Furthermore, it is designed to distribute weight evenly across the bridge of your nose and behind your ears for maximum wearing comfort. The nose pads have small cushions that absorb sweat so you don’t have to worry about hot days on the golf course.

Flak Beta has taller lenses but is smaller in size than Half Jacket and Flak 2.0. And like other Oakley sunglasses it still has PRIZM Golf lens technology that will help you play your best.

NIKE SHOW X2

golf glasses

Nike Show X2 golf glasses come in matte black/white with Nike Max Optics lenses. The Nike Show X2 has a larger rim that will provide incredible coverage, enhancing your peripheral vision. In addition, Nike Max Optics lens technology provides accurate image information at every viewing angle.

OAKLEY TARGETLINE

golf glasses

At first glance, Targetline may not look like golf glasses, but its convenience makes it a top choice for golfers. Many golfers like to wear hats, so glasses have frames designed to be compatible with hats. The rubber toe cap and lightweight material frame make the Target Line an extremely comfortable pair of sunglasses.

Like all Oakley golf sunglasses, Targetline is available with PRIZM lenses giving you the best contrast for glare-free and clearer viewing.

BOLLE BOLT 

golf glasses

These are Bollé Bolt’s best golf glasses, shiny white clear glasses with brown lenses. Bolté sunglasses are great for golf for many reasons. Thermogrip nose pads will ensure good absorption when you are sweating or in hot weather. These glasses are very light so they feel comfortable to wear.

TIFOSI MIRA

golf glasses

This is the best Tifosi Mira golf sunglasses with brown lenses. Do you play golf in extremely hot conditions? The Tifosi Mira is a great choice for hot weather because it has ventilated lenses that will provide clarity. With absorbent pads, Mira will keep glasses from falling and dry all day long. In addition, the glass frame is made from a very durable material, making Tifosi Mira durable and less prone to damage.

MAUI JIM HO’OKIPA

golf glasses

These are Maui Jim Ho’Okipa’s best golf sunglasses with brown lenses. Maui Jim makes great golf glasses because the frame is light, rimless. To prevent the glasses from falling, the rubber nose pad is designed with a clip but still ensures comfort when worn. These glasses are also water and scratch resistant, making them durable. They also give you excellent peripheral vision.

OAKLEY JACKET 2.0 XL

golf glasses

Oakley Half Jacket 2.0 XL in glossy black with PRIZM Golf lens, similar in design to the Flak 2.0 XL but smaller. If you have a smaller face then this is a great option for you.

And like the Flak 2.0 XL, it will continue to give you a sharp, unobstructed view. The glasses frames and rubber pads hug tightly so they don’t fall off easily. With PRIZM Golf glass, you will see more clearly in the sun.

Conclusion:

In general, good golf sunglasses should have: Coverage, Contrast and convenience. We recommend using contrasting lens colors such as pink, copper, amber or brown. It allows you to see the ball better and keep the sun out of your eyes on the field. You also wear it for 4 – 6 hours. Therefore, rubber nose pads and frames need to be comfortable and fit like the glasses we have suggested above.

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Health

How to Remove Piercing? A Comprehensive Tutorial

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How to Remove Piercing

Learn the proper techniques for safely removing piercings to avoid complications and promote healing. Discover step-by-step instructions and essential tips for a smooth and hygienic piercing removal process.

How to Remove and Install Piercings at Home?

You may need to remove your piercing for different reasons. Perhaps you may think that it is not suitable for the environment you will go to, or you may need to take it off for essential reasons.  You may just want to take it off because you are bored. In this case, you can easily remove the piercing at home and then easily put it back whenever you want. You should definitely wash your hands before removing or installing. Afterwards, you can ensure the necessary hygiene with the help of cologne or a disinfectant. 

You can get help from the part called the ball, which is found in piercing models. The gun is designed to be rotated mostly clockwise during removal. This may differ from model to model. It is important that you move slowly and in a controlled manner, being careful not to make sudden movements while turning, as this will minimize the possibility of tearing or wounding in the hole part. After removing your piercing, you should take care to moisturize the area by applying ointment. If you are not going to use it again, you can continue the necessary maintenance until the hole in the area is closed. 

How to Remove Tragus Piercing?

Understanding Cartilage Piercing

This type of piercing; It is used by attaching it to the tiny cartilage wing located in the front of the ear canal, which is directly connected to the head area. It is called cartilage piercing or ear piercing. After the procedure, redness may occur in the relevant area for a few weeks, and a crust may form on the pierced part. At the same time, tenderness and warmth may be felt. By performing the necessary maintenance, you can minimize these possibilities and make the healing process faster.

Care and Maintenance

 After the piercing process, you should be careful not to touch the piercing in order to prevent formations such as germs / bacteria. It is important, especially on the first day, that the pierced area does not come into contact with products such as soap, shampoo, or disinfectant. You can get help from clean water and odorless soap to clean and soften the crust formed in the area. The water you use must be warm. You should not immerse the piercing in water for a minimum of three weeks after the installation. When cleaning your piercing, you should avoid rubbing it and dry it with a clean paper towel or cloth. During the cleaning process, you should not use products containing chemicals, alcohol-based or artificial ingredients.

Healing and Aftercare

 Recovery time can range from approximately 3 to 6 months. During this period, necessary maintenance must be carried out in order to avoid different complications. Otherwise, there is a possibility that recovery may take up to 1 year. It is not recommended to take a shower on the first day after getting a piercing. Especially in the first week, you should apply an antibiotic-containing cream before taking a shower and do not forget to apply a dressing after you get out of the shower.

One of the things that should be taken into consideration is not to leave the area wet. After the healing process is complete, you can change your piercing if you wish. If you want to remove a tragus piercing, after washing your hands thoroughly and ensuring that you have maintained the necessary hygiene, you should remove the ball at the back while supporting the front of the tragus with your finger and then pull the pin forward. It is extremely important to stretch the area of ​​interest towards your face when removing it. 

How to Remove Ear Piercing?

One of the most preferred areas for piercing use is the ear. One of the reasons for this is that there are many points in the ear area that can be pierced. In order to avoid confusion, there is a name determined for each region. Many people wonder whether this procedure is painful or not. This may vary from person to person, but also depending on the ear area where the procedure is performed and the professionalism of the person performing the procedure.

Therefore, it is possible to say that the area of ​​your ear that you will pierce will directly affect the pain you will feel. While the earlobe is the least painful area in the ear area because it consists of flesh, procedures in the cartilage part may cause more pain due to the harder area. The healing process is also directly related to this situation.

 In addition to the expertise of the people performing the process, they also work in hygienic conditions; It is effective not only in making the procedure easier and more painless, but also in making the healing process faster and in minimizing problems in the relevant area. If you want to remove or change your ear piercing; It is a priority for your hands to be clean and dry to avoid problems such as inflammation. You should disassemble the ball and pull the pin part with slow and delicate movements. You can move more easily by tying your hair before the procedure to prevent it from getting in the way. 

How to Remove Nose Piercing?

The nose, which is one of the focal points of our face, is one of the most preferred areas by piercing lovers. It is possible to achieve a very pleasant appearance by making a choice that suits your face shape. The procedure is performed on the soft tissues on or around the nose. It is important to make your choice among the varieties that will make you feel comfortable on your skin, as well as to consider the ones made of quality and stainless materials. It is important for health that the equipment used during the procedure is sterile. Afterwards, it is necessary to use lotions with antibacterial properties to prevent inflammation. Piercings worn through nose piercing mostly have a clip-on design. To remove it, simply turn the clip. However, removal is not recommended until the end of the healing period. 

How to Remove a Stuck Piercing Ball?

Piercing ball is available not only in the mass models from which it takes its name, but also in pointed, figured or solitaire-shaped varieties. It helps you to take off or put on your jewelry easily. In some cases, compression may occur in the ball part of the piercing you use. You can try turning it clockwise and counterclockwise. If you cannot get results, you should get help from an expert to prevent bleeding, damage to the perforated part, and most importantly, to avoid inflammation. 

Art of Piercing: Aesthetic Trends and Health Considerations

Piercing, a beloved adornment embraced by individuals of all genders, entails the insertion of jewelry into the perforated layer beneath the epidermis, often puncturing through the adipose tissue.

This intricate process can extend to the cartilaginous structures, demanding meticulous attention during both the application and removal phases to avert skin distortions and mitigate the risk of microbial contamination.

Choosing Authenticity: Material Selection and Environmental Consciousness

Foremost, the authenticity of the chosen piercing design warrants scrutiny. Given its intimate contact with the skin, meticulous consideration of high-grade materials is imperative to safeguard personal health. Equally pivotal is the setting in which the piercing is to be affixed; a pristine, sanitary environment is non-negotiable to forestall potential complications.

Evolving Trends: Style Dynamics and Personal Preferences

As sartorial tastes evolve incessantly, deliberation on the longevity of piercing fashion becomes imperative. The versatility of piercing placement accommodates diverse personal styles and aspirations, albeit subjecting individuals to varying degrees of discomfort and susceptibility to adverse effects such as hemorrhage and inflammation.

Navigating Societal Constraints: Institutional Policies and Continuous Care

Navigating institutional prohibitions on piercing, prevalent in educational and organizational settings, necessitates thoughtful deliberation. Furthermore, initial adherence to a designated healing period post-piercing installation is paramount, with subsequent removals discouraged to mitigate potential complications.

Conclusion:

The piercing you provide is extremely important in order to ensure healthy use and to avoid any undesirable health problems. The quality of the materials used in the product directly affects each element. For this reason, you should be careful to choose reliable brands. 

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