The amount of money that a firm receives from the sale of its output is called
a. Total gross profit
b. Total net profit
c. Total revenue
d. Net revenue
The amount of money that a firm receives from the sale of its output is called
a. Total gross profit
b. Total net profit
c. Total revenue
d. Net revenue
Related questions
Use the following selected data from Success Systems' incomestatement for the three months ended March 31, 2014, and from itsMarch 31, 2014, balance sheet to complete the requirements below:computer services revenue, $29,221; net sales (of goods), $18,480;total sales and revenue, $47,701; cost of goods sold, $15,344; netincome, $19,179; quick assets, $88,668; current assets, $96,904;total assets, $123,448; current liabilities, $970; totalliabilities, $970; and total equity, $122,478. Required: 1. Computethe gross margin ratio (both with and without services revenue) andnet profit margin ratio. (Round your answers to 1 decimalplace.)
| with service revenue | without service revenue | |
| gross margin ratio | % | % |
| net profit margin ratio | % |
