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lys-0071 [83]
2 years ago
14

If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sell

s 6 units, then one can infer the firm is a(n):_________
Business
1 answer:
aalyn [17]2 years ago
3 0

If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sells 6 units, then one can infer the firm is a perfect competitor.

Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as gross earnings, are often referred to as the "top line" because they are at the top of the income statement. Income or Net Profit is the gross profit or profit of a business.

Simply put, revenue is how much money a company makes and profit is how much money a company can keep after paying all its expenses. Here's another example that clarifies where sales and profit are on the income statement. The black box at the top shows the gross or gross sales.

Learn more about revenue at

brainly.com/question/16232387

#SPJ4

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Taylor Entertainment Center has 5 TVs on hand at the balance sheet date that cost $400 each. The net realiz- able value is $350
faltersainse [42]

Answer:

Under the lower-of-cost-or- net realizable value basis of accounting for inventories, the value that Taylor should report for the TVs on the balance sheet is $350 × 5 = $1,750

Explanation:

The lower-of-cost-or- net realizable value basis of accounting for inventories values inventory at the lower of its cost or net realizable value. This basis of accounting gives a <em>faithful representation</em> to the users of the value of assets in inventory that firm holds. This is  also <em>prudent</em> in that profits are not overstated in the Income statement.

4 0
3 years ago
Match the following:
asambeis [7]

Explanation:

1. If butter complements margarine for instance, and there occurs a sudden increase in the price of butter leading to lower demand, this would affect the demand for margarine negatively leading to a fall in the demand for margarine.

2. If this goods are substitutes the demand for butter will increase when the price of margarine rises.

This is because it is only natural for people to switch to the next best alternative (substitute) that fills the same purpose or needs.

3. Remember Ice cream and ice cream cones complementary goods; meaning the demand for one increases the demand for the other and vice versa.

4. If the price of ice cream increases, demand would also decrease for ice cream as consumers are usually sensitive to price.

This decrease in the demand for ice cream would also affect ice cream cones since they complement each other, leading to a decrease in the demand for ice cream cones.

5 0
3 years ago
Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n
Sedaia [141]

Answer:

B. $6,448,519

Explanation:

The computation of the present value of this growing annuity is given below:

PVA = [Cash flow at year 1 ÷ (interest rate - growth rate)] × {1 - [(1 + growth rate) ÷ (1 + interest rate)^number of years}

= [$675,000 ÷ (0.18 - 0.13)] × [1 - (1.13 ÷ 1.18)^15]

= $6,448,519

Hence, the correct option is b.

4 0
3 years ago
Monica needs to assess the slide sequence and make quick changes to it. Which view should she use in her presentation program?
Dvinal [7]

Answer:

<em>The correct option is C) Slide Sorter</em>

Explanation:

If we want to move the slide sequence of a slide while looking as all the slides which are present, then the best tool to use is the Slide sorter view in Microsoft Powerpoint.

The Slide Sorter gives the user an overview of all the slides that she or he has made consecutively, and allows him or her to change the positions according to his or her desires.

5 0
3 years ago
Beachside Co. sells two products, Skis and Snorkels. Last year Beachside sold 12,600 units of Skis and 23,400 units of Snorkels.
sasho [114]

Answer:

Weighted average selling price= $94

Explanation:

Giving the following information:

Sales in units:

Skis= 12,600

Snorkles= 23,400

Total= 36,000

Product: Unit Selling Price

Skis= $120

Snorkels= $80

We need to calculate the weighted average selling price per unit for the company as a whole.

<u>First, we need to calculate the participation of each product on sales:</u>

Skis= 12,600/36,000= 0.35

Snorkles= 23,400/36,000= 0.65

Weighted average selling price= (0.35*120) + (0.65*80)= $94

8 0
3 years ago
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