Which of the following best describes the revenues of an organization?
A) Gross profit compared to operating expenses
B) Value of revenues compared to cost of revenues
C) Yearly receipts and cash payments
D) Cost of obtaining materials needed to produce products
E) Funds that flow into the business from the sale of the goods or services provided

Question

Quizplus · Accepted Answer

Revenues refer to the funds that flow into the business from the sale of goods or services provided, making choice E the best description. The other options refer to specific aspects of revenue calculation or financial metrics, but do not fully capture the concept of revenues.

Which of the Following Best Describes the Revenues of an Organization