Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.
<h3>What is total revenue?</h3>
- Total revenue is the total amount of money a seller can earn from offering clients goods or services.
- The formula for this is PQ, or the purchase price times the quantity of the products sold.
- A calculation or equation that describes how certain sources of revenue will behave on a graph.
- The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
- The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.
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Answer:
Explanation:
The journal entry is shown below:
Account payable A/c Dr $3,000
To Cash A/c $3,000
(Being payment is made is recorded)
We debited the account payable account and credited the cash account so that the correct posting can be done.
Since the half of the disk is returned i.e $3,000 which come after multiplying the $6,000 by 50%
Garage corp. uses a batch-and-queue or batch-and-wait production system wherein the sub-assembly or the partially completed product is move to the work-in-progress (WIP) location, the next department to take it from WIP location, perform an operation on them and then forward the resulting work into the next WIP location to wait once again. This procedure continuous until the final product is completed. Using this system, the Garage corp. produces and maintains large inventories since it drives products to lower average unit cost, so they need to produce more products and the more products produced, the greater the inventory asset. They will produce products of low quality since workers in traditional production do not have major responsibility for quality control during their work. They strive for efficiency which means producing the best yield at the lowest cost from the available resources but in the expense of effectiveness which is the degree where an objective or target is met. It is doing something right but not doing it right. And lastly they have an information loss between its organizational areas because they operate in a disconnected manner with little integration and communication.
Answer: $13.50
Explanation:
The following information can.be deduced from the question:
Distance covered = 1500 miles
Cost per mile = $ 4.50
We need to calculate the total cost of the transportation first. This will be:
= 1500 x $4.50
= $6750
We are further told that it normally ships 500 units at a time.
Therefore, tge line haul cost per unit will be:
= $6750/500 = $13.50
Salespeople called<u> inside order takers(AKA salesclerks, order clerks)</u> typically answer simple questions, take orders, and complete transactions with customers.
Inside order takers (aka order clerks, salesclerks) usually answer simple questions, take orders, and entire transactions with clients regularly employed by means of organizations that use inbound telemarketing: the usage of toll-unfastened cellphone numbers that clients can call to achieve facts about merchandise, services, and to make purchases.
Inside order, takers is a salesperson who writes up sales orders at an income counter, or those forwarded to the organization by using telephone, but isn't always required to sell persuasively to customers. Outside order takers is a salesperson who visits customers to write up orders but isn't always chargeable for persuading them to buy.
In income, an order taker is a person who addresses purchaser inquiries (also referred to as orders) but does no longer proactively have interaction in sports that could boom income, consisting of finding new possibilities or upselling to existing clients.
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