Revenue is the money a company earns from providing services or selling goods to customers
Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.
A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.
To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.
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Answer:
-adding to physical capital.
Explanation:
Investment spending refers to the purchase of goods that are used to produce capital which are considered assets like equipment and land. According to this, the answer is that investment spending in macroeconomics refers to adding to physical capital.
Answer:
The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11
Explanation:
In order to calculate the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period we would have to make the following calculation:
Cost for 225 direct labor hours = Intercept + Slope*225
Cost for 225 direct labor hours=$596.36+ ($41.27*225)
Cost for 225 direct labor hours=$9,882.11
The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11
<span>When the financial institution or lender gives a borrower a maximum credit limit of $1,000, it means that he can only owe within that amount or spend up to that limit. Otherwise, spending more than $1,000, the borrower may face penalties or fines in addition to his regular payment. In other words, credit limit refers to the maximum amount of credit a bank extends to the client who has the capacity to pay his debt.
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