FACTOID # 17: Though Rhode Island is the smallest state in total area, it has the longest official name: The State of Rhode Island and Providence Plantations.
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Encyclopedia > Return on revenue

Return on Revenue = Net Income / Revenue. Net income is equal to the income that a firm can get after subtracting Cost of goods sold, sales discounts, sales returns and allowances (the above three items are all only for a merchandizing company) and expenses from the total revenue. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ...

Return on Revenue is equivalent to Net Margin or Profit margin Profit margin is a measure of profitability. ...

See also

  Results from FactBites:
Section 144-655 Return, when filed--payment, when due-- (377 words)
The return shall be accompanied by a remittance of the amount of the tax required to be collected by the vendor during the period covered by the return.
The return shall be accompanied by a remittance of the amount of the tax required by sections 144.600 to 144.748 to be paid by the person.
Annual returns and payments required by the director pursuant to this subsection shall be due on or before April fifteenth of the year for the preceding calendar year and quarterly returns and payments shall be due on or before the last day of the month following each calendar period of three months.
Internal Revenue Manual - 5.1.11 Delinquent Return Accounts (3616 words)
However, the revenue officer first must follow the Service’s third party contact procedures for advising the taxpayer that third parties may be contacted and for keeping a record of such contacts.
Revenue officers may notify the taxpayer that the representative is responsible for unreasonable delay or hindrance, request that the taxpayer appear for an interview and inform the taxpayer that a collection summons requiring the taxpayer’s appearance at an interview may be issued.
The revenue officer is free to pursue other avenues of enforcement such as IRC 6020(b) procedures or referrals to Examination or Criminal Investigation when the information available warrants this action, whether there is an impasse or not.
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