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stealth61 [152]
3 years ago
13

Total revenue is: a. the price effect times the quantity effect. b. the price of a good times the quantity of the good that is s

old. c. the price of a good divided by the amount of the good sold. d. total sales less total cost.
Business
2 answers:
mina [271]3 years ago
7 0

Answer: b. the price of a good times the quantity of the good that is sold.

Explanation: Revenue is defined as the amount of money taken as sales transacted in a given period. Total revenue is given by multiplying the price of a good by the amount of the good that is sold. In simpler terms, the total revenue is price multiplied by quantity.

When the price of a good is high, the quantity of that good sold would be less, this is because consumers of the good would be less than willing to buy at that price and therefore, total revenue reduces. When the price of the good is low, demand increases and total revenue also rises.

Lemur [1.5K]3 years ago
6 0

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.

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A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
4 years ago
the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
3 years ago
The first term of an arithmetic sequence is 10 and its common difference is
-Dominant- [34]

Answer:

The first term of an arithmetic sequence is 10 and its common difference is

negative seven.  What is the fourth term of the sequence?

The fourth term is -11

Explanation:

a.p= a1 + (n-1)d

a.p= 10+ (4-1) -7

a.p= 10 + (3) -7

a.p= 10 - 21

= -11

a1= first term

n= nth term

d= difference

3 0
3 years ago
Which of the following statements is true of simulated market testing?
mario62 [17]

Answer:

The correct answer is letter "B": It is used to monitor shopper behavior to assess a product's performance.

Explanation:

Simulated Test Marketing or STM is a simulation of a real market place to evaluate consumers' reactions to a product that is going to be introduced or that is already in the market but some sort of assessment is necessary to boost its sales. STM is useful to estimate demand and conduct a market analysis.

3 0
3 years ago
A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16,
Deffense [45]

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

8 0
3 years ago
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