<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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Answer:
Annual Financial advantage $ 550
Explanation:
<u>Computation of income/loss on special order</u>
Unit product costs
Normal product costs $ 19.20
Incremental variable costs $ 1.30 per unit <u>$ 1.30</u>
Total product costs $ 20.50
Revenues per unit <u>$ 26.00</u>
Profit per unit $ 5.50
Sales Units 2,100 units
Total incremental profit on order $ 11,550
Less; cost of moulds <u>$ 11,000</u>
Incremental profit on S 47 order $ 550
Answer:
Use a software program
Explanation:
When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.
Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.
An increase in the demand for corn is more than offset by an increase in its supply. as a result the equilibrium price will DECREASE <span>and the equilibrium quantity will INCREASE</span>