Global World Inc. sells its product at $2,000 per unit. In the current period, 500 units were sold (of which 100 units were sold for cash). What is the amount of revenue reported by the company for the period?

a. $1,200,000
b. $200,000
c. $1,000,000
d. $600,000
e. $800,000

Answer: c. $1,000,000

Business

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