If John purchases a tie from JCPenney for $30, the $30 represents JCPenney's ____ from the sale.
A) income
B) cost
C) proceeds
D) breakeven amount
E) revenue

Question

Quizplus · Accepted Answer

Revenue represents the total amount of money earned from a sale or series of sales, so the $30 John paid for the tie is JCPenney's revenue from the sale. Income and proceeds are synonymous with revenue in this context. Cost represents the amount JCPenney paid to acquire or produce the tie, while the breakeven amount refers to the level of sales needed to cover all costs and earn zero profit.

If John Purchases a Tie from JCPenney for $30, the $30