What is the total savings in purchasing thirty 13-cent lollipops for a class party at a reduced rate of $1.38 per dozen?

Total revenue equals A. change in price per unit times quantity sold. B. price per unit times change in quantity sold. C. price

Dmitriy789 [7]

Answer:

C. price per unit times quantity sold.

Explanation:

Total revenue is defined as the revenues that are received from the sales of units of goods and services. It is price multiplied by quantity sold.

Total revenue can also be seen as price per unit times quantity is sold. For example if the unit price of a good is $2 the price per one unit is $2. When 20 units are sold the price per units sold is 20* $2= $40.

So times that a defined unit of goods is sold multiplied by price gives the total revenue.

7 0

3 years ago

JLK is a partnership that was formed two years ago for the purpose of creating new fad items and distributing them directly to c

arsen [322]

Answer:

The correct answer is E. Initial public offering.

Explanation:

An Initial Public Offering (IPO) is an equity offering where a private company or 'issuer' decides to go public for the first time. This is a big step for companies to raise capital through public investors, get access to better and more credit and further grow a company. To go through with an IPO, a company must meet the requirements of the Securities and Exchange Comission (SEC).

The process is made with the help of one or more investment banks that act as underwriters. Underwriters take care of the offering from the beginning to the end of the IPO by preparing documentation, providing proposals on selling price, amount of shares & timeframe for the market offering, marketing campaigns and going through the issuing process.

5 0

3 years ago

What do inflation rates measure?

My name is Ann [436]

Answer:

C. The speed with which general prices are rising

Explanation:

Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded. Inflation means a selected basket of goods will cost more this period than it did in the previous season.

The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation. A moderate level of inflation is required to promote spending and sustain favorable economic growth.

6 0

3 years ago

Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp

jekas [21]

Answer:

Dr. Work in process $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

Material usage Variance = $49,950 - $49,500 = $450 unfavorable

When the actual cost incurred is more than the standard cost the variance is unfavorable.

3 0

3 years ago

Which of the following serves as the justification for the periodic recording of depreciation expense? a. Association of efforts

SIZIF [17.4K]

Answer:

"B"

Explanation:

Depreciation is a practice of systematic allocation of the cost of an asset to the income generated over its useful life time , either on a straight line method or reducing balance.

As demanded by the matching concept of accounting , revenue are expected to be linked to associated expenses otherwise profit will end up being overstated and and management misinformed and wrong decisions likely to be taken

7 0

3 years ago