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kirill115 [55]
1 year ago
9

suppose larry's lariats produces 25,000 lassos and sells each for $10. what is the company's total revenue?

Business
1 answer:
zmey [24]1 year ago
3 0

If Larry's Lariats produces 25,000 lassos and sells each for $10, then the company's total revenue is $250,000.

What is total revenue?
Revenue
is the sum of money that a company makes by charging a certain price for its products or services. It is the starting point of an organization's income statement that establishes how much net income it generates after <u>deducting costs, taxes, and interest</u>. It is one of the most crucial line items for a business as a result. There are numerous perspectives on the same number, despite the fact that it may only be one. These different levels of insight are beneficial to investors, analysts, and businesses. Total revenue as well as marginal revenue are two of the most popular types of revenue.

To learn more about total revenue
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$1,564,800

Explanation:

Year   Purchased Quantity (Units)   Cost per unit   Total Cost

2017                 4,000                              $160               $640,000

2018               10,000                              $220            $2,220,000

2019               16,000                               $320           $5,120,000

(A) Sales Revenue

2019              18,400                                $392                       $7,212,800

(B) Less: Cost of Goods Sold (LIFO)

2019              (16,000 x $320)                        ($5,120,000)

2018              {(18,400 - 16,000) x $220}          ($528,000)

(A - B)Gross Profit                                                                      $1,564,800

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Answer:

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Capitalized interest can be added to the basis of the new building that is being constructed. This way, the building's depreciable value will increase.  

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Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.

If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.

If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.

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Explanation:

Human resource management is responsible for attracting, retaining and helping employees to develop skills that will contribute to an organization achieving its objectives and goals.

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The globalized world directly impacted the relationship between the employee and the company, as it is necessary to stand out in an environment where there is so much competition, and this is also included in the area of ​​human resources, because through an effective HR management, it is possible to capture and retaining talent for the organization that adapts to a world where there is greater interaction, greater need for innovation and vision.

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