Question

For the entire year, the company sells 425 units of inventory for $56 each. What is the total revenue for the year?

A) $23,800
B) $26,600
C) $18,200
D) $21,350

Answer 1

The total revenue for the year is $23,800.

Step-by-step explanation:

To calculate the total revenue for the year, we need to multiply the number of units sold by the price per unit. In this case, the company sells 425 units for $56 each.

So, the total revenue can be calculated as follows:

Total Revenue = Number of Units Sold x Price per Unit

Total Revenue = 425 x $56 = $23,800

Therefore, the correct answer is A) $23,800.