Answer:
The correct answer is b. the price of a good times the quantity of the good that is sold.
Explanation:
Total income (IT): is simply the price of a good multiplied by the quantity of that good sold. The sum of the income obtained from the sale of all the units produced or the total amount that a company receives for the sale of its product: the unit price for the quantity of product that the company decides to produce.
It is calculated as the price of the good multiplied by the quantity sold.
When the price is reduced, what happens to income, that is, whether it increases or decreases, will depend on the quantity demanded increasing enough to counteract the effect of the price reduction. For a competitive (price-taking) company in the product market, Total Revenue is simply proportional to production.
Answer:
1) Line extension
Explanation:
A product line is made up of a group of products manufactured by the same company and all of them are branded under the same name, e.g. Coke, Diet Coke, Coke Zero
When companies extends their product line, they are adding new products to an existing product line, benefiting from consumers' loyalty to the existing brand.
Answer:
Amount of cash paid on Aug 16 = <u>$8,167.50</u>
Explanation:
As for the information provided the terms of purchase are,
1% discount if payment made within 10 days,
and a total credit period of 30 days without any discount beyond 10 days.
Here, inventory purchased on August 7 = $9,750
Less; Return on 11 August = $1,500
Net Purchases = $8,250
Since payment is made on 16 August that is within 10 days from purchase discount will be received
= $8,250
1% = $82.50
Amount of cash paid on Aug 16 = $8,250 - $82.50 = $8,167.50
Answer:
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%
Explanation:
Nominal Annual Rate of return = 
Annual Dividend per share = $3 per quarter
4 = $12 per share
Current price per share = $125
Par Price per share = $100
Thus Annual Rate of return = $12/$100 = 12%
Effective Annual Rate of Return = 
=
= 9.6%
Final Answer
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%
Answer:
$11881.4
Explanation:
Given :
Future value, FV = $15,000
Interest rate, r = 6%
Period, n = 4 years
Using the Present Value formula :
PV = FV(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + 0.06)^4)
15000(1 ÷ 1.06^4)
15000(1 ÷ 1.26247696)
15000(0.7920936)
= $11,881.4