1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
2 years ago
10

Company A sells paper coffee cups to all Costa Coffee locations in the UK. Company B sells dinner plates to Nando’s in the UK. C

ompany A charges 1 pound for a pack of 100 cups and Company B charges 3 pounds for 1 dinner plate. Tell us exactly what information you would need to determine whether Company A or Company B has higher annual revenue and explain how you would calculate these two figures.​
Business
1 answer:
pentagon [3]2 years ago
7 0

Answer: Number of Units Sold

Explanation:

To calculate Revenue there are two details needed at the most basic level. These are the price per unit of the good being sold and the number of units sold.

Revenue = Price * Number of units sold

The question provides us with the price per good to be sold which is £1 per pack of 100 cups for Company A and £3 for 1 dinner plate for Company B.

To know who has the higher revenue, we would need the number of units sold of each.

For instance, assuming Company A sold 10 packs of 100 cups and Company B sold 10 dinner plates, the company revenues would be;

Company A = 10 packs * £1

= £10

Company B = 10 dinner plates * £3

= £30.

Company B would have a higher revenue which are able to know due to the number of units sold being known.

You might be interested in
The measure of a​ company's ability to collect cash from its customers who purchase on account is the A. accounts payable turnov
BigorU [14]

Answer:

D. accounts receivable turnover.

Explanation:

Accounts receivable turnover is the a financial indicator that shows the number of times that an entity collects its average accounts receivable in a year. It is used to assess the company's to ability to makes sales on account to its customers and collect payments from them timely.

It is calculated as

Accounts receivables turnover

= Net Annual Credit Sales / ((Beginning Accounts Receivable + Ending Accounts Receivable) / 2)

6 0
3 years ago
True or false?John says to his friend, "This concert is going to cost me $20 when I buy the ticket." His friend corrects him and
Illusion [34]

Answer:

True

Explanation:

Opportunity cost refers to the value of a missed chance as a result of deciding a certain way. It is the forfeited benefit of choosing one option over another. Economists determine the opportunity cost by calculating the value of the next best alternative.

If John buys the ticket, it will cost $20.  Attending the concert will cause him not to do his homework, as he cannot be in two places at the same time. The consequence of him not doing his homework is the opportunity cost. Attending the concert will, therefore, cost him the $20 and the opportunity cost.

5 0
3 years ago
Fred is thinking of starting a bowling alley near a college campus. Fred is an expected utility maximizer with utility function:
vlada-n [284]

Answer:

$14,250

Explanation:

To determine what amount of money will make Fred take his chances and invest in this new business, we first have to solve this equation:

  • current wealth - (% chance of losing money x wealth after losing money)

$12,000 - (20% x $3,000) = $12,000 - $600 = $11,400

Then:

$11,400 / 80% of getting wealthier = $14,250

5 0
3 years ago
Agent Simpson tells residents of a neighborhood minorities are moving into the neighborhood and property values are sure to plum
Drupady [299]

Answer: Blockbusting

Explanation:

Blockbusting could be defined as when an individual or someone that's into real estate tries to convince a particular set of people(mostly white) living in a neighborhood to sell their property describing to them that those property would soon depreciate in value and this promotes fear in the heart of occupants of those property. Most times the agents do this for their own gain rather than stating the obvious and it's illegal to do. Agent Simpson is practicing blockbusting kind of descrimination.

3 0
3 years ago
Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci
yaroslaw [1]
I think it would be the third option
5 0
3 years ago
Other questions:
  • When defining its market segments, the xyz company identifies groups based on characteristics such as age, gender, income, and e
    9·1 answer
  • Which of these is an example of a tax on consumption?
    9·2 answers
  • Tracy transfers property with a value of $60,000 and adjusted basis of $50,000 to form Riley Corp. solely in exchange for all 10
    15·1 answer
  • When does it make sense for government to interfere with a pure market outcome?
    13·1 answer
  • The cost of issuing new common stock is calculated the same way as the cost of raising equity capital from retained earnings. Fa
    13·1 answer
  • Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to su
    14·2 answers
  • If the direct materials price variance is $500 favorable, and the direct materials quantity variance is $250 unfavorable, the jo
    15·1 answer
  • Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i
    11·1 answer
  • an employee is taking cash and making up the difference by holding the deposit until the next cash receipts are received. the be
    8·1 answer
  • suppose that the economy enters a boom and becomes overheated. if the fed pursues countercyclical monetary policy but overreacts
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!