Final answer:
The term used to describe the total revenue from selling 10,000 units of product by Piper Company is d) Sales revenue, which is calculated by multiplying the unit price by the number of units sold.
Correct option is D
Step-by-step explanation:
When Piper Company sold 10,000 units of its product on July 15, the accounting term used to describe the total revenue from these sales is d) Sales revenue. Sales revenue refers to the total amount of money a company brings in through the sale of goods and services before any expenses are deducted. It is calculated by multiplying the price at which goods or services are sold by the total number of units sold, expressed as Total Revenue = Price x Quantity.
In the provided scenario, if Piper Company sold each unit at a certain price, to calculate the total sales revenue, that price would simply be multiplied by the 10,000 units sold.