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3 years ago

Which explains how revenue is determined?

Business

2 answers:

Shtirlitz [24]3 years ago

7 0

The total amount of money that is brought in by sales

GalinKa [24]3 years ago

6 0

Answer: The correct answer is : The total amount of money brought in by sales is calculated

Explanation: The total income is all income that is received by a person or organization from regular commercial activity, be it the sale of products or services. It is the result of multiplying the sale price by the number of units sold.

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Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated

kow [346]

Answer:

False

Explanation:

Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.

8 0

2 years ago

Read 2 more answers

Wright Company's cash account shows a $29,300 debit balance and its bank statement shows $27,600 on deposit at the close of busi

IgorLugansk [536]

Answer:

Bank Reconciliation Statement:

Calculation of Adjusted cash Balance on 31 May:

Cash Balance: $ 29,300

less: Bank Charges $ (190)

less: NSF Check $ (420)

Adjusted cash Book Balance $ 28,690

Add: Outstanding Checks $ 6,500

Less: Uncleared Checks $ 7,100

Revised Cash Book Balance (A) $ 28,090

Bank Statement Balance $ 27,600

Add: Error by Bank $ 490

Adjusted Bank Balance (B) $ 28,090

Explanation:

Bank reconciliation is a company document prepared in order to reconcile difference between balance as per cash book and balance as per bank statement.

The difference arise because of two reasons:

Timing differences (Outstanding checks and Uncleared checks
Error and Omissions. (Bank charges -NSF)

6 0

2 years ago

When you are in a conflict that you are not passionate about, it is seen as gracious to sometimes ______.

Aleks [24]

When I am in a conflict that I am not passionate about, it is seen as gracious to sometimes nothing because it did not hurt me in any way because first and foremost, it is not my concern to start of. Conflicts maybe hard but as long as I am not affected, it does not matter.

8 0

3 years ago

Read 2 more answers

Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deductio

Luden [163]

Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Explanation:

Long-term care insurance is designed to provide daily benefit to the holder when he is in need of assistance do some activities related to daily living such dressing, eating, bathing, and among others.

It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:

Age 40 and below = $430

Age 41 - 50 = $810

Age 51-60 = $1630

Age 61-70 = $4350

Age 71 and over = $5430

3 0

3 years ago

The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of

givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price ]

0.60 = [ Percentage change in Quantity ] ÷ 20%

Percentage change in Quantity = 0.60 × 20%

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

3 0

2 years ago