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2 years ago

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear.

1 answer:

5 0

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear increases.

If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.

Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.

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Which one of the following statements is correct?

-Dominant- [34]

Answer:

b. Financial statements are frequently the basis used for performance evaluations.

Explanation:

The financial statements are the accounting reports of an organization, through these documents it is possible to analyze what is the financial situation of a company in the internal and external environment, what are its greatest strengths and weaknesses.

They are instruments for evaluating organizational performance because they provide essential information about the general accounting situation of a company, which ensures greater reliability for a manager to make a decision directed to correct a problem or strategic implementation to achieve a certain result. It also allows stakeholders to analyze essential data and information when deciding to invest or do business with a particular company.

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3 years ago

Towson Corp., had 6,000 shares of $100 par, 4% cumulative preferred stock as of January 1, 2018. No additional shares of preferr

aleksandr82 [10.1K]

Answer:

Common Dividend paid in 2019 = $37,000

Explanation:

Given:

Number of shares = 6,000

Rate = 4% = 0.04

Share price = $100

Computation of per year Dividend

Dividend = Number of shares × Share price × Rate

Dividend = 6,000 × $100 × 0.04 = $24,000 per year

Preferred dividend for 2 years = $24,000 × 2 = $48,000

Computation of Dividend paid in 2019:

Total Dividend paid = $85,000

Preferred dividend for 2 years = $24,000 × 2 = $48,000

Common Dividend paid in 2019 = $85,000 - $48,000

Common Dividend paid in 2019 = $37,000

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3 years ago

Franco and Giada are trying to calculate their gross income. Which of the following items should they exclude from their gross i

Helga [31]

Answer:

1 and 2

Explanation:

Gross profit is earning a business makes from its normal operation before considering operating expenses. It is calculated by subtracting direct costs from the revenues. Direct costs are the expenses incurred in acquiring the goods and services sold to customers. Revenue from normal business operations is the income from the sale of goods and services, and other business-related activities.

For Franco and Giada, they should not include items 1 and 2 in gross profits.

Item 1 is money inherited. It is income but not from the business operations.
Item 2 is a loan a bank loan. Loans are not considered in the income statement but are featured in the balance sheet.

Items 3 and 4 will be featured in the gross profit calculation. Item 3 is an income from a sale, while item 4 is a miscellaneous income from a loan issued out.

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3 years ago

What two measures are used to describe the problems of growth and economic instability

VLD [36.1K]

The two measures of instability in economic growth are high unemployment rates and inflation

6 0

3 years ago

Refresh produces soft drinks and sodas. Production of 100,000 liters was started in February, 85,000 liters were completed. Mate

liberstina [14]

Answer:

$51,000

Explanation:

Equivalent production = 85,000 + [40% × (100,000 - 85,000)] = 91,000 units. Given.

Total Production = 100,00 litres

Completed = 85,000

Material Cost = $38,220

Conversion Cost = 16,380

Beginning work process = 0

End work process = 40%

Uncompleted Production = 100,000 - 85,000 = 15,000

Total Cost = 38,220 + 16,380 = 54,600

First we Calculate the Total Units of Production

This is given by:

Total Units of Production = Completed Production + [40% × (Uncompleted Production)] =

Total Units of Production = 85,000 + [40% × (15,000)]

Total Units of Production = 91,000 units.

Calculating Cost per unit = Total Cost/Total Units

Cost per unit = ($38,220 + $16,380)/91,000

Cost Per Unit = $0.60;

Cost Transferred = Materials Cost * Cost Per Unit

Costs Transferred = 85,000 × $0.60 = $51,000

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3 years ago

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