The quantity of each item sold is multiplied by the sale price to determine the total revenue.
What is Quantity?
Quantity can be used to describe an amount, weight, number, or measure. A quantity is a property of a single item or group of items that may be measured in terms of "less," "equal," and "more."
The total of all inbound funds that the business has received from the sale of goods or services. Gross revenue is another name for total revenue.
Total revenue is computed by multiplying the average sales price per item or unit by the quantity of items or units sold.
As a result, option (a) is correct total revenue.
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Answer: The answer is central bank
Explanation:
Budget deficit : This is when government total proposed expenditure for a period is more than the total estimated revenue. When this happens, government get the money to finance the deficit in the budget from the central bank or ask the central bank to print more currency or get aid and grant from foreign aid donors to finance the deficit.
Loan fund to the banking system: This is a function of central bank when they act as lenders of last resort to the commercial bank. If people begins to withdraw their money from commercial banks, the banks may be placed in such a position that they will not have enough cash to pay their customers. They will run to the central bank to borrow money or to rediscount bills and the central bank must not refuse to come to the aid of commercial banks in order to prevent banking crisis which may shake a country's economy.
Sells newly issued government bond : This is when central bank wants to reduce the volume of money in circulation, the central bank sells bond or securities in the open market .people buy with cheque drawn on their deposits in the commercial banks. The central bank then presents the cheque to the commercial bank and draw on their cash reserves by this the cash reserve of commercial banks is reduced and reduce the supply of money in the economy.
Create money out of thin air: This is the central bank function of issuing notes, it is the legal authority to issue notes. When new notes are to be put into circulation, this is done by the central bank .but the new notes are set into circulation through the commercial banks.
Control the money supply : This is the function of central bank to regulate the volume of money in circulation or to mop up excess liquidity in the economy by selling treasury bill through the open market to the members of the public .It collect money from the commercial banks this will reduce the cash reserves of commercial banks and reduce their loan given capacity.
Government bonds, the money supply : The central bank is the legal authority to sell government bonds in order to mop up the excess liquidity in the economy. When their is too much money in circulation, the central bank make use of monetary policy instruments such as the open market operation to reduce the supply of money in circulation.
Answer:
A) $792,000
Explanation:
33,000 shares of common stock
issued at:
market value 24 dollars
face vale 1 dollar
additional paid-in 23 per share
<u>Equity:</u>
<em>Common Stock </em>
33,000 shares x 1 = 33,000
<em>Additional Paid-in capital</em>
33,000 shares x 23 = 759,000
Total capital 792,000
The total paid-in capital will be the sum of both, the common stock and the paid-in capital in excess of par.
The balance in Cash at February 28 = $44900
<u>Explanation:</u>
Given:
Cash invested by stockholders of Bonita Enterprises = $49500
Cash revenues of Bonita = $10100
Expenses paid by Bonita = $14700
Calculation of balance in cash as follows:
The balance in Cash at February 28 = Cash Invested + Cash Revenues - Paid Expense=$ 49,500 + $ 10100 - $ 14,700= $ 44900
Hence the correct answer is $44900
