<u>At a price of $20 each, the demand for t-shirts from a group's fundraising activity is unit elastic. thus, the group's total </u><u>revenue </u><u>from selling t-shirts </u><u>reaches its maximum</u><u> at a price of</u><u> $20 each.</u>
What is revenue in a business?
- Revenue is the overall profit an organization makes from its primary activities, such as the sale of goods or services, the rental of real estate, recurring payments, the interest on loans, etc.
- Before deducting any costs, such as discounts and returns, revenue calculations are performed.
What is the difference between revenue and profit?
- Sales are simply referred to as "revenue," which does not include any costs or expenses related to running the business.
- Profit is the amount of income that is left over after all expenses, liabilities, additional sources of income, and operating costs have been taken into account.
Is revenue a income?
- The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue.
- Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Learn more about Revenue
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Basically, the equity method is used to account the amount of an investment which is made by a company on an entity.However, this is done by an investor who contains a substantial amount of investment in the investee company.The investee records any adjustments in the other comprehensive income whereas the investor makes changes in the investment account.
Answer:
The solution and complete explanation for the above question and mentioned conditions is given below in the attached files.I hope my explanation will help you in understanding this particular question.
Explanation:
Answer:
Pegged exchange rate system
Explanation:
In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar. The government will set a fix the exchange rate of its currency relative to the US dollar value.
A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.
Well what you want to do is create a monthly budget if you don't do this your credit card could get a little out of your hands always pick the card that is right for you and always keep your credit report in mind when using credit to buy anything hope this helps :)