If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sells 6 units, then one can infer the firm is a perfect competitor.
Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as gross earnings, are often referred to as the "top line" because they are at the top of the income statement. Income or Net Profit is the gross profit or profit of a business.
Simply put, revenue is how much money a company makes and profit is how much money a company can keep after paying all its expenses. Here's another example that clarifies where sales and profit are on the income statement. The black box at the top shows the gross or gross sales.
Learn more about revenue at
brainly.com/question/16232387
#SPJ4
Answer:
$5,250,500
Explanation:
Budgeted cash collection for third quarter = Cash sales + Collection of credit sale of 3rd quarter + Collection of credit sale of 2nd quarter
Budgeted cash collection for third quarter = [(190,000+22,000)*$25*40%] + (212,000*$25*60%*70%) + (201,000*$25*60%*30%)
Budgeted cash collection for third quarter = $2,120,000 + $2,226,000 + $904,500
Budgeted cash collection for third quarter = $5,250,500
The type of strategy the enterprises uses to earn a reputation for reliability, customer service, and a reliable product is corporate reputation.
This is a strategy that corresponds to the level of trust that a company develops in the market for its stakeholders, determined by its past actions to build a reputation that will also support its future actions.
A company with a good reputation in the market is more likely to generate greater loyalty from suppliers and customers, achieving greater competitiveness and profitability in the business.
To build corporate reputation it is necessary that organizational processes are based on:
- Credibility
- Responsibility
- Honesty
- Quality
- Safety
- Reliability
Corporate reputation creates value for a company through its products and services, and is essential for a company to be successful in the competitive business environment.
Learn more here:
brainly.com/question/942912