<span>only when demand is inelastic.</span>
Revenue is the money a company earns from providing services or selling goods to customers
Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.
A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.
To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.
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Answer:
Help or Advice
Explanation:
Smart entrepreneurs regularly seek HELP or ADVICE from consultants or a board of directors.
As a smart entrepreneur, seeking help from consultants or a board of directors is a good way to go to elevate the business.
The consultant or board of directors can help in many ways, some of which includes:
1. Carry out an analysis of the market conditions.
2. Give credible advice about technological innovation.
3. Recommend ideal product or service changes.
4. Assists in forecasting trends.
5. Assists in developing profitable ideas or trends.
6. Give honest and reliable advice.
Answer:
Future Value= $4,189.30
Explanation:
Giving the following information:
Investment= $700 annual
Interest rate= 9%
Frances decides that she will continue to do this for the next 5 years.
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {700*[(1.09^5)-1]} / 0.09
FV= $4,189.30