Which term refers to the amount of money that a firm receives from the sale of its output
A)total gross profit
B)total net profit
C)total revenue
D)net revenue

Question

Quizplus · Accepted Answer

Total revenue refers to the amount of money a firm receives from the sale of its output. It is calculated by multiplying the price of the output by the quantity sold. Gross profit refers to the total revenue minus the cost of goods sold, and net profit is the total revenue minus all expenses, including taxes and interest. Net revenue is not a commonly used term in accounting or finance.

Which Term Refers to the Amount of Money That a Firm