1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A pen that costs five cents to make may cost a consumer $2 to buy. according to critics, this is an example of ________.
inna [77]
I'm not sure I believe its mark up or supply and demand
3 0
3 years ago
Read 2 more answers
How much should you contribute to the retirement account each pay period to take full advantage of the company match
Varvara68 [4.7K]

d) $16.92

Each paycheck is $22,000/26 times per year = $846.15

Your company will match up to 2% of this. .02*$846.15= $16.92

You should contribute this amount each pay period in order to take full advantage of the "company match" because your company will add that much money into your retirement account on top of what you pay in.

3 0
3 years ago
General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to
Vlada [557]

Answer:

The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.

Explanation:

We have:

The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000

The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500

=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.

So, the answer is 2.55 times.

4 0
3 years ago
Good Morning people how are you guys doin
il63 [147K]

Answer:

We are doing wonderful what aboit you

4 0
3 years ago
You are considering buying shares of stock in the Steel Mill. The forecast for the firm is steady growth over the next decade. T
allsm [11]

Answer:

The stock price will be $25.72 in ten years from now.

Explanation:

The stock price in ten years from now will be equal to the present value of perpetual growth dividend stream from the stock; with the first dividend in the stream is the eleventh year dividend which is calculated as: Dividend in Year 0 x (1+growth rate)^11 = 1.42 x 1.04^11 = $2.186.

So, the stock price will be calculated as:

Stock price = 2.186/ ( 12.5% - 4%) = $25.72.

So, the answer is: The stock price will be $25.72 in ten years from now.

8 0
3 years ago
Read 2 more answers
Other questions:
  • What can a cover letter explain that a résumé cannot?
    15·1 answer
  • Suppose that you own a house. what is the opportunity cost of living in the house
    10·1 answer
  • Hillary enters into a shipment contract with a dress manufacturer for fifty red dresses. The dress manufacturer sends fifty blue
    11·1 answer
  • ___________ focuses on clarifying employees’ role and task requirements and providing followers with positive and negative rewar
    13·1 answer
  • Create your own buy and sell stock problem
    13·1 answer
  • By wr
    10·1 answer
  • Question 1 A small company manufactures three different electronic components for computers. Component A requires two hours of f
    8·1 answer
  • Select all the correct answers.
    7·1 answer
  • Use the three-step demand-supply analysis discussed in class to analyze changes to the equilibrium price, and quantity in the ca
    5·1 answer
  • because it produces and distributes a specific type of cultural product for public consumption to profit financially, a video ga
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!