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fredd [130]
3 years ago
8

When price and quantity sold by a firm or multiply the result is called?

Business
1 answer:
Aleks [24]3 years ago
6 0

Total Revenues

The price at which a firm sells one unit of its product is known as Selling Price.

A firm will sell a certain number of units during a given period – day, week, month, year etc.

When we multiply the Selling price and the quantity sold by a firm we get total revenues of a frim for a given period.

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SVETLANKA909090 [29]

Answer:

) $275,000

Explanation:

The charge per square foot is $5.

The total square feet leased

=275ft x 200ft

=55,000 square ft.

The total cost of the annual rent is

=55,000 x $5

=$275,000

8 0
3 years ago
The difference between actual hours times the actual pay rate and actual hours times the standard pay rate is the labor ________
4vir4ik [10]

Answer:

"Labor price variance " is the correct choice.

Explanation:

  • The variation throughout the labor rate represents the distance between real as well as anticipated labor costs. These were measured by taking the difference, based upon the number of additional hourly wages, between some of the real labor amount charged as well as the minimum amount.
  • Absolute variation in the labor rate is equivalent to absolute variation in the price of the commodity.
8 0
3 years ago
Suppose that government purchases rise by $100 billion and together consumption and investment decline by a total of $80 billion
andrew11 [14]

Answer:

a) complete crowding out.

Explanation:

This is an example of crowding out effect, when government increases it's involvement in a market, such that it reduces private sector investment, it is called crowding out

7 0
3 years ago
A company engineer has an idea that by implementing an IoE solution the company will save time in getting a product to market. T
frozen [14]

Answer:

Software system modeling is a technique to deal with the complexity inherent in these systems. The use of models helps the software engineer to "visualize" the system to be built. In addition, models of a higher level of abstraction can be used for communication with the customer. Finally, the modeling tools and those of Automated Software Engineering. They can help verify the correctness of the model.

3 0
3 years ago
Byron Books Inc. recently reported $13 million of net income. Its EBIT was $32.5 million, and its tax rate was 35%. What was its
Setler79 [48]

Answer:

Interest amount = $12,500,000

Explanation:

Earnings Before Tax:

= Net income ÷ (1 - T)

$13,000,000 ÷ 0.65

= $20,000,000

That is the income before tax.

Since EBIT was $32,500,000, the Interest is the difference between EBIT and the EBT which is shown as follows:

= $32,500,000 - $20,000,000

= $12,500,000

So, the interest amount = $12,500,000

5 0
3 years ago
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