If Alberto purchases a tie from JCPenney for €30, that €30 represents JCPenney's ____ from the sale.
A) Income
B) Cost
C) proceeds
D) breakeven amount
E) revenue

Question

Quizplus · Accepted Answer

The €30 represents JCPenney's revenue from the sale, not their cost, breakeven amount, proceeds, or income. Revenue is the total amount of money earned from selling goods or services, which is what JCPenney is earning by selling the tie to Alberto.

If Alberto Purchases a Tie from JCPenney for €30, That