All categories

3 years ago

What is the total amount of money a firm receives by selling goods or services called?'?

1 answer:

8 0

The total amount of money a firm receives by selling goods or services is called total revenue. Total revenue is defined as the total receipts of sales from any good or service provided. You can find the total revenue of a business by multiplying the price of the good/service by the quantity of goods sold.

You might be interested in

You are saving $30 each month. You have a goal to accumulate $700 in savings. How long will it take you?

seropon [69]

Idk but i would say somewhere around 2 years

3 0

4 years ago

Ace Deliveries, a courier service provider, built a strong reputation over a short period of six months. Inundated with customer

marysya [2.9K]

Answer:

both revenue-oriented and operations-oriented

Explanation:

revenue-oriented pricing can be understood the strategic price level that the producers set to maximize the amount of profit they earn. As it can be seen from the given passage, the company starts noticing more about the earnings, so that they decided to cut down on the discount offering to the customers and set higher price. By that, it can help raise the revenue of the company.

Meanwhile, operations-oriented pricing is price strategy that the company adopts to optimize productive capacity as well as the efficiency of the manufacturing procedure. This is indicated in the actions of expanding fleet of vans and enlarge delivery networks of the company to raise the productivity.

6 0

3 years ago

Can someone pls help me ASAP due today and I will mark brainlist

JulijaS [17]

Answer:

Report her to my boss/ manager

No. You should not call in fake sick, unless you would like to get fired

Wait until you have some down time to call her real quick, right now, you have work that needs to be done

keep the money

Report your coworker or demand they pay for it

4 0

3 years ago

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adju

Llana [10]

Answer:

Explanation:

Gunnar Company September 30 Cash balance per books $2,750

Add:

Notes receivable $630

Less:

Deposit in transit. $200

Bank charge. $50

Outstanding Checks. $1,250

NSF Check. $290

Balance as per bank. $1,590

4 0

3 years ago

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago