Answer:
<u>Profit</u>
Explanation:
Revenue refers to the total receipts by a business for the sale of it's output.
Cost refers to the expenditure incurred for manufacturing products or creating a service.
The difference between the above two i.e revenue and costs, is termed as profit.
Profit can be of two types, economic profit and accounting profit. Accounting profit is calculated by deducting actual costs incurred from total receipts.
Economic profit on the other hand also considers implicit costs i.e opportunity costs, while calculating profits.
Answer :$3
Explanation:
Considering the distance between each city the company will charge $3 for the top up on each product they sell. Distance contributes to price difference for industries, as their products are being sold in different location there is usually a need to sell with an additional cost by the company to meet up with needs and adjustment caused by the divers location.
It would work to expand its competitive products into other countries and offer a variety to customers is the answer.
Intra-industry trade means exchanging similar products in the same industry. The term is commonly used in international trade where the same type of goods or services are imported and exported.
Intra-industry trade can be broadly defined as a situation in which countries import and export essentially the same product at the same time. For example, the United Kingdom both exports and imports cars to Sweden.
However, most of the trade is intra-industry trade. That is, the trade of goods within the same industry from one country to another. For example, the United States produces and exports automobiles and imports automobiles.
Learn about import and export here:brainly.com/question/13663581
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Answer:
Budgeted purchases = $71000
Explanation:
Below is the given values:
Direct material for the production = $70000
Ending raw material inventory = $3000
Beginning raw material = $2000
Budgeted purchases = Direct material for the production + Ending raw material - Beginning raw material
Budgeted purchases = 70000 + 3000 - 2000
Budgeted purchases = $71000
Answer:
$100,000
Explanation:
The computation of the amount of dollars that suggested for free up the cash management system is shown below:
= Average collection period × current average collections per day
= 2 days × $50,000
= $100,000
We simply applied the above formula so that the correct amount could come and the same is to be applied
