Answer:
7.8% increase in revenue
Explanation:
Revenue is given by the number of units sold 'n' multiplied by the price of sale 'P'. The revenues before and after the price drop are:
The change in revenue is given by:
Therefore, there was a 7.8% increase in revenue when price falls by 2%.
Answer:
Answer is $72 Million.
Explanation:
Construction in progress = actual costs incurred + gross profit recognized
$207 = $135 million + X
X = $72 Million
Therefore, the amount of gross profit on the project recognized by CCC during 2016 = $72
million.
Answer:
The answer is low
Explanation:
Liquidity or Solvency is the ability of a business to pay its debt(both in short term and long term).
In the question, Coleman Luggage has a liability of 879,000 and the total current assets(which can be used to offset the liability) are cash balance of $175,000 + inventories of $220,000 + Other short-term assets of $85,000 = $480,000.
To know its solvency (net working capital) = Asset - liability
$480,000-870,000
= -$390,000.
Coleman Luggage has a low solvency because his asset cannot cover all his liabilities. His asset is less than his liabilities
Answer:
C. $13,100U.
Explanation:
The cost variance is given by the difference between the actual cost of commissions and the projected cost of commissions of 30,000 units at $8 each:
Since the actual cost is higher than the anticipated cost, the balance is unfavorable.
Gridiron would report a cost variance of: C. $13,100U.
Answer:
cheap input factors
Explanation:
Based on the information provided within the question it can be said that BioThink's competitive advantage in this situation would be their very cheap input factors. This refers to any resource that a company uses in order to output a certain product. Therefore by paying less on the resources they use they are then able to price their product cheaper than their competitors, thus giving them a competitive advantage.
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