Match each of the following terms with their correct description from the items listed below.
-Number of units sold multiplied by sales price per unit
A)Gross Margin
B)Selling Expenses
C)Sales Revenue
D)Cost of Goods Sold
E)Operating Income

Question

Quizplus · Accepted Answer

Sales Revenue refers to the total income generated from the sales of goods or services. It is calculated by multiplying the number of units sold by the sales price per unit.

Answer: A
 Gross Margin is the difference between Sales Revenue and Cost of Goods Sold. It represents the amount of money left over after deducting the direct costs of producing goods or services.

Answer: D
 Cost of Goods Sold refers to the direct costs incurred in producing goods or services. It includes the cost of raw materials, labor, and other expenses related to production.

Answer: B
 Selling Expenses are the costs associated with promoting and selling products or services. This may include advertising, commissions, and other expenses related to sales.

Answer: E
 Operating Income refers to the profit generated from a company's regular operations. It is calculated by deducting all operating expenses from the gross profit.

Match Each of the Following Terms with Their Correct Description