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3 years ago

What factors determine a company’s total revenue? Do higher prices lead to increased revenues for a company?

Business

2 answers:

Alex787 [66]3 years ago

7 0

Answer:

Any firm or company requires a more detailed form of structure for itself in order to have a well generated revenue, being able to provide enough services to the customers and clients, and the most important develop more better goods to make a reputation for itself.

As, each company has a number of goods or items inside the market and the profit generated by these goods makes the whole revenue for the same company. As, there can not be a possibly high level of revenue for any company if it does not have the optimum number of goods been sold inside the market, so, high prices of the standard form of goods may lead to having more profit.
For example, iPhones are way more expensive to buy by the free folk but just because its a standard set by Apple.inc to have the most advanced form of phone and other devices then people tends to buy it more often resulting in the generation of an enormous amount of revenue for the company.
Along, with that the services provided to the users or the customers also may lead to a high profit or revenue for the company or firm inside a given market place.

rusak2 [61]3 years ago

4 0

Revenue is calculated by the number of goods sold times the price of those goods. It is different from profit, which is revenue minus costs.

Higher prices will likely not lead to increased revenue because as prices rise, demand falls and therefore the number of units sold changes.

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Mighty Manny, Incorporated, manufactures ice scrapers and distributes them across the midwestern United States. Mighty Manny is

Alex787 [66]

Answer:

Determination of the state in which Mighty Manny does not have sales tax nexus:

A. No sales tax nexus in Minnesota, under given scenario.

B. No sales tax nexus in Wisconsin, under given scenario.

C. Sales tax nexus may exist because of the large orders. It may approach the sales threshold of more than $100,000 worth.

D. No sales tax nexus in Nebraska, with trucks driving through to other sales.

Explanation:

Might Manny is incorporated and headquartered in Michigan, according to this case. So, it has sales tax nexus in Michigan for its physical presence and sales.

Sales tax nexus describes the factors that can make a state to impose sales taxes on a business. The factors that establish sales tax nexus are a) certain business activities, b) physical presence, and c) approaching a certain sales threshold of either 200 transactions or $100,000.

Some states that have adopted the Wayfair legislation determine sales tax nexus with the above mentioned sales threshold of 200 transactions or $100,000. California's sales threshold is $500,000.

However, Public Law 86-272 or Interstate Income Act of 1959 forbids states from imposing unnecessary sales tax burdens on businesses soliciting for sales in their states without physical presence, provided the orders are filled or shipped from outside the said state. But, some of them rely on the Wayfair legislation, as it allows them some leverage to impose sales tax without physical presence of the business.

7 0

3 years ago

Recent technological advances have improved the productivity of labor and return on capital. These technological advances has re

Anna11 [10]

Answer:

See explaination

Explanation:

We can look at the AD–AS model to be related to the Phillips curve model of wage or price inflation and unemployment. A special case is a horizontal AS curve which means the price level is constant. The AD curve represents the locus of equilibrium in the IS–LM model.

See attachment for the graphical representation of the models.

7 0

3 years ago

An opera house is offering three performances and has two types of consumers. The performances are "Carmen," "Madama Butterfly,"

Likurg_2 [28]

Answer: Bundle all the three operas together

Explanation:

Customers purchase a good only if its price is less than the customer’s reservation price.

Total WTP of consumer 1 = 100 + 200 + 70 = 370

Total WTP of consumer 2 = 120 + 100 + 150 = 370

Hence, all the three operas should be bundled together.

4 0

3 years ago

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.93; actual, $2.03 Standa

Oksana_A [137]

Answer:

d.$4,662.40 unfavorable

Explanation:

Calculation for direct materials price variance

The first step is to find the Actual quantity variance using the formula

Actual quantity variance =Actual units produced* Actual yard used

Let plug in the formula

Actual quantity variance=9,400*4.96 yards

Actual quantity variance=$46,624

Second step is to calculate for the Direct material price variance using this formula

Direct material price variance= ( Standard price -Actual price)* Actual quantity used

Let plug in the formula

Direct material price variance=($1.93-$2.03)*$46,624

Direct material price variance=(-0.1*46,624)

Direct material price variance=-$4,662.40 Unfavorable

Therefore the Direct material price variance will be $4,662.40 Unfavorable

4 0

3 years ago

In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details an

Elza [17]

Answer:

As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.

On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.

And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.

6 0

3 years ago