Britain's debts from the French and Indian War meant that Britain tried to strengthen its control over the colonies and raise revenues through direct taxation, creating tensions between Britain and the North American colonies.
What is revenue?
- Revenue is money earned from normal business activities and is calculated by multiplying the average selling price by the number of units sold.
- This is the top line where expenses are subtracted to determine net profit.
- Revenue is also known as income statement revenue.
- Sales means the amount of money generated by normal business activities and is calculated by multiplying the average selling price by the number of items sold.
- It is the sum of the amounts after deducting other costs and expenses to calculate the net profit.
- When comparing income to earnings, it is important to know that "revenue" refers to the total amount of money a business generates before all expenses are deducted.
- "Income", on the other hand, is taxation minus the costs of doing business, such as depreciation, interest, taxes, and other expenses.
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