All the proceeds which are received by the business as a result of the sale of goods is called ______. A. Net income B. Gross income C. Net revenue D. Total sales

Net income
Gross income
Net revenue
Total sales

The correct answer is: D. Total sales

Total sales is the total amount of money that a company receives from selling its products or services. It is calculated by multiplying the number of units sold by the price per unit. Total sales are an important measure of a company’s financial performance, as they indicate how much revenue the company is generating.

Net income is the amount of money that a company has left after it has paid all of its expenses. It is calculated by subtracting expenses from total revenue. Net income is a measure of a company’s profitability, as it indicates how much money the company is making after it has paid all of its costs.

Gross income is the total amount of money that a company receives from its sales,

before any expenses are deducted. It is calculated by multiplying the number of units sold by the price per unit. Gross income is a measure of a company’s sales activity, but it does not take into account the company’s expenses.

Net revenue is the total amount of money that a company receives from its sales, after any returns or allowances are deducted. It is calculated by multiplying the number of units sold by the price per unit, and then subtracting any returns or allowances. Net revenue is a measure of a company’s sales activity, after taking into account any returns or allowances.