Question

On what financial statement(s) would you find total sales revenue?

O income statement
O statement of retained earnings
O balance sheet
O statement of cash flows

Answer 1

Total sales revenue can be found on the income statement and it is calculated by multiplying the price per unit by the number of units sold. Therefore correct option is A

Step-by-step explanation:

You would find total sales revenue on the income statement. This financial statement provides a summary of the company's financial performance over a specific accounting period, including all revenue and expenses. Total revenue is important because it is the primary measure of a company's sales and the top line from which costs are subtracted to determine profit.

The formula for calculating total revenue is Total Revenue = Price x Quantity.

An example of how to use this formula would be if a company sold 100 units of a product at a price of $10 each, their total sales revenue would be $1,000.