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N76 [4]
3 years ago
12

Total revenue equals A. change in price per unit times quantity sold. B. price per unit times change in quantity sold. C. price

per unit times quantity sold. D. price per unit times quantity supplied.
Business
1 answer:
Dmitriy789 [7]3 years ago
7 0

Answer:

C. price per unit times quantity sold.

Explanation:

Total revenue is defined as the revenues that are received from the sales of units of goods and services. It is price multiplied by quantity sold.

Total revenue can also be seen as price per unit times quantity is sold. For example if the unit price of a good is $2 the price per one unit is $2. When 20 units are sold the price per units sold is 20* $2= $40.

So times that a defined unit of goods is sold multiplied by price gives the total revenue.

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If the bath was set to 80 °c, what do you think would happen to the rate of photosynthesis
Dmitry_Shevchenko [17]

The rate of photosynthesis would be slowed down, the rapid heat increase would put the plant into a sort of shock, slowing down the cells activities and then the plant would eventually die

8 0
3 years ago
Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at t
gladu [14]

Answer:

91 days

Explanation:

Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

Inventory turnover=COGS/Average inventory

Average inventory=(192,000 + 202,000)/2=$197,000

hence inventory turnover=(790,000/197,000)= 4.01

hence average days to sell=365/4.01 =91 days (approx)

6 0
3 years ago
Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following.
Masteriza [31]

Answer:

a. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available-for-sale securities.

  • Company B notes $82,300
  • Company C bonds $603,800
  • Company X bonds $120,000
  • Company Z notes $276,000

b. (same as c.)Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.

  • Dr Company B notes 4,800
  •     Cr Unrealized gain on Company B notes 4,800 (= $82,300 - $77,500)

  • Dr Unrealized loss on Company C bonds 38,340 (= $603,800 - $642,140)
  •    Cr Company C bonds 38,340

  • Dr Unrealized loss on Company X bonds 2,100 (= $120,000 - $122,100)
  •    Cr Company X bonds 2,100

  • Dr Company Z notes 8,100
  •     Cr Unrealized gain on Company Z notes 8,100 (= $276,000 - $267,300)

Explanation:

beginning of the year                cost                  fair value

Company A bonds                $534,100             $492,000

Company B notes                  $159,140              $155,000

Company C bonds               $662,400              $642,140

since available for sale assets must be recorded at fair value, we must assume that the company prepared the adjusting entries at the end of the previous year (unrealized gains or losses):

Jan. 29 Sold one-half of the Company B notes for $78,820.

Dr Cash 78,820

    Cr Company B notes 77,500

    Cr Gain on sale of Company B notes 1,320

July 6 Purchased bonds of Company X for $122,100.

Dr Company X bonds AFS 122,100

    Cr Cash 122,100

Nov. 13 Purchased notes of Company Z for $267,300.

Dr Company Z bonds AFS 267,300

    Cr Cash 267,300

Dec. 9 Sold all of the bonds of Company A for $524,800.

Dr Cash 524,800

    Cr Company A notes 492,000

    Cr Gain on sale of Company B notes 32,800

3 0
3 years ago
In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the pro
HACTEHA [7]

Answer:

<em><u>Units to be accounted for:</u></em>

Beg WIP    300 units

started     2700 units

Total       3,000 units

<u>Equivalent units  </u>

                physical    materials  conversion

tranferred    2,850       2,850           2,850

ending             150           150     (20%)  30

total              3,000      2,700           2,880

<u>Cost to be accounted for:</u>

                 materials      conversion

beg WIP              0                576

incurred              0           10,800

Total                    0            11,376

<u>Equivalent unis cost</u>

materials zero

conversion: $11,376 / 2,880 = $3.95

Cost assigned for:

Transferred units

2,850 units x 3.95 = 11,257.5

ending work in process units

30 units x 3.95 = 118.5

Total cost to be assigned for 11,376

<em><u /></em>

<em><u>Notice:</u></em> Total cost to be asisgned for and assigned cost are the same.

Explanation:

1) We count the physical units

2) Then, we solve for the equivalent units which, under weighted average are:

transferred units + completion on ending work in process.

3) Now, we solve for equivalent unit cost:

for materials, this is zero are there is no cost associaed with.

4) Finally, we made the cost assignment which, should match the beginning WP cost and the incurred cost during the period.

8 0
3 years ago
Simone and Ana are debating the pricing strategy of several airlines. Simone argues, "When airlines restrict discounted tickets
SpyIntel [72]

Answer:

Economists will agree more with Ana

Explanation:

Price discrimination is defined as the selling of the same product to different customers at different prices.

The difference in price charged is usually due to willingness of the customer to buy at different prices.

In the given scenario buyers that are willing to buy in advance and stay over form a category of clients that have a price band unique to them.

Others will buy at a higher price.

This has caused a price discrimination

6 0
3 years ago
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