Answer:
See below
Explanation:
<u>1. How revenue affects Profits</u>
Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.
A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.
<u>2. How do expenses affect profit?</u>
Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.
Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.
If the expenses are high, then profits will be minimal. Low expenses will result in high profits.
<span>D.
job-specific training
</span>
Answer:
Then, get yourself a job if you want money, even if it's one of the lamest jobs, get a job. Some people want money but, don't want to work. Others do work but, don't reviece money. Don't be like those people.
Explanation:
<span>a. P | Q | TR | MR | TC | pi
24 10,000 240,00 -- 50,000 190,000
22 20,000 440,000 20 100,000 340,000
20 30,000 600,000 16 150,000 450,000
18 40,000 720,000 12 200,000 520,000
16 50,000 800,000 8 250,000 550,000
14 60,000 840,000 4 300,000 540,000
b.Profits are maximized at a price of $16 and quantity of 50,000. At that point
profit is $550,000.
c. As Johnny's agent, you should recommend that he demand $550,000 from
them, so he instead of the record company receives all of the profit.</span>
Answer:
cash 16,930
note receivable 15,000
interest revenue 1, 930
Explanation:
Pozzi works his accounting under cash basis. This means it do not recognize any interest revenue over the past of time. It will recognize the gain on the loan entirely at maturity, when the cash is received.
Therefore his journal entry at maturity will be:
a debit to cash forthe received amount
a credit to note receivable, to write-off the balance
and a credit to interest revenue to recognize this gain.
