Wm. Wrigley Jr. Company once made only chewing gum. When Wrigley bought Life Savers (a line of candy mints) and altoids (a line of breath mints) from Kraft, chewing gum then constituted less than 95 percent of revenues. Thus, Wrigley was moving away from its traditional single-business strategy toward a dominant strategy.
How do you define revenue?
Revenue is the revenue from normal operations calculated by multiplying the average selling price by the number of units sold. This is the top line (or gross income) from which expenses are subtracted to determine net profit. Revenue is also known as income statement revenue.
An example of revenue?
Examples of Revenue Accounts: Sales, Service Revenue, Acquisition Fees, Interest Revenue, Interest Income.
What is the revenue of the company?
Your Annual Revenue is the amount of money your business has made from his annual sales. This does not include costs and expenses. To calculate annual revenue, multiply the quantity of each product sold by the retail price, then add the annual sales of each product to arrive at the total annual revenue.
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Answer:Vacancy and collections loss allowance = $1620
Explanation:
10 two bedroom apartments = $900 per month
15 three bedroom apartments = $1200 per month
total rental revenue = 10 x $900 + 15 x $1200 = $27000
Vacancy and collections loss allowance = $27000 x 6/100 = $1620
Answer: The Answer is D.) your opportunity cost is the time and experience of bowling
Explanation: Why it is NOT B or C is because,
Rationale: Second best. Opportunity cost is the experience you might have had if you had chosen your next-best option. In this example, the opportunity cost is the experience of the activity you did not choose – bowling.
If they cannot successfully collude and instead produce where the market price equals marginal cost, the market price will be higher.
More about market price:
The price at which a good or service can currently be purchased or sold is known as the market price. The dynamics of supply and demand influence the market price of a good or service. The market price is the cost at which the quantity supplied and the quantity demanded are equal.
In order to determine consumer and economic surplus, the market price is used. Customer surplus, also known as the market price, is the difference between the highest price a consumer is willing to pay and the actual amount they pay for the commodity.
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