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2 years ago

_____ is the money a company earns from providing services or selling goods to customers.

Business

1 answer:

sdas [7]2 years ago

3 0

Revenue is the money a company earns from providing services or selling goods to customers

Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.

A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.

To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.

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What is the present value on January 1, 2019, of $30,000 due on January 1, 2023, and discounted at 10% compounded annually? $ 95

Lisa [10]

Answer:

$20,490.3

$26349.24

Explanation:

Data provided in the question:

Future value of the amount due on January 1, 2023 = $30,000

Discount rate, r = 10% = 0.10

Time, n = 4 years [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$30,000 = Present value × (1 + 0.1)⁴

$30,000 = Present value × 1.4641

Present value = $20,490.3

Case 2:

Future value of the amount due on January 1, 2023 = $40,000

Discount rate, r = 11% = 0.11

Time, n = 4 years [from 2019 to 2023]

Now,

Future value = Present value × (1 + r)ⁿ

thus,

$40,000 = Present value × (1 + 0.11)⁴

$40,000 = Present value × 1.51807041

Present value = $26349.24

4 0

3 years ago

At Sheridan Electronics, it costs $30 per unit ($16 variable and $14 fixed) to make an MP3 player that normally sells for $49. A

svlad2 [7]

Answer:

Reject Accept Net Income

order order increase / (decrease)

Revenues $0 $114,250 $114,250

(4570*25)

Cost - variable manufacturing $0 $73,120 ($73,120)

(4570*16)

Shipping $0 $4,570 ($4,570)

(4570*1)

Net Income $0 $36,560 $36,560

So, the special order should be accepted.

4 0

3 years ago

If a nation is going to achieve and sustain a high rate of economic growth, it must prohibit low-wage foreign producers from sup

Anna35 [415]

Answer: The nation must have a mechanism capable of attracting savings and channeling them into wealth-creating projects. Option C.

Explanation: With higher savings in an economy, a country can be involved in financing higher levels of investment that will boost productivity over the longer term.

Starving the economy of savings and investments can lead to future bottlenecks and shortages.

The Harrod-Domar model of economic growth suggests that, the level of savings is a key factor in determining economic growth rates.

What this basically means is that the level of investment in an economy is limited to the level of savings in that economy.

Therefore a country must strive to attract higher savings in order to create projects that will, in return, create wealth for the country.

5 0

3 years ago

Read 2 more answers

post-closing trial balance is a list of ____________ accounts and their balances ____________ all _________- entries have been j

BigorU [14]

Post-closing trial balance is a list of permanent accounts and their balances ledger all closing- entries have been journalized and posted.

The post-closing trial balance is a balance sheet report that is made after the closing journal in order to ensure that the total balance in the general ledger is balanced or in accordance with the balance. This method is made in order to convince every accountant or businessman who makes closing journals so that they do not have an error in the calculation difference.

Generally, this balance sheet is able to produce real accounts, namely capital, assets and debt. However, nominal accounts, such as income and expenses, are closed by closing entries. Thus, the next step in making good financial statements is to present a statement of financial position, profit and loss, and capital so that later there will be no calculation errors.

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4 0

1 year ago

Jonathan is applying for a new credit card. His credit rating is average. Which APR should he expect after the introductory peri

Nadusha1986 [10]

Answer:

10.99

Explanation:

8 0

3 years ago