Q264
Selling price is multiplied to quantity of sold units to calculate
A.
revenues
AnswerB.
sold quantity
C.
sold price
D.
bulk price
Answer: Option A
Solution
Answer: Option A
Solution:
Selling price is multiplied to quantity of sold units to calculate revenues. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.