Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine
Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000
Revenue = Sales - fixed costs - variable costs
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
Overstated No effect
Explanation:
In case salaries are not raised at the end of 20X1, wages owed are known, an existing obligation. Current assets minus current commitments equals working capital. Working capital is exaggerated when current liabilities are overstated.
Increasing pay in 20X1, even if it had accurately been accrued, would never have been paid at the rest of 20X1. Thus, the failure to increase salaries does not affect 20X1 operating cash flow.
Individuals who provide for themselves through farming, fishing, or hunting, and who barter and trade in low-income and middle-income countries operate on traditional economy
<h3>What is traditional economy?</h3>
The economy is based on small scale selling of goods and exchange of product for survival.
The economy is unstable and hard to monitor while Individual operating the economy are not subject to what they have.
Therefore, Individuals who provide for themselves through farming, fishing, or hunting, and who barter and trade in low-income and middle-income countries operate on traditional economy.
Learn more on economy below,
brainly.com/question/1106682
#SPJ1
Google maybe I don't know if that's a soccial media
Answer:
Profit
Explanation:
Profit is the monetary or financial gain by a business when its revenues exceed costs. Revenue is the income a company gets through selling its goods and services. Costs are the expenses incurred in making goods and services for sale.
If the revenues are more than the costs, a business will make profits. But if the costs are more, the company will suffer losses.
