Answer: False
Explanation:
Total Revenue is the total amount that is received in return on sales of goods and services.
It is calculated as Price multiply by Quantity.
If the price of a product increases the revenue would also increase ceteris paribus( all things being equal). If the price of a product was $10 and 4 units were purchased Total revenue would be $40 and if price increases to $20 and 4 units were still purchased total revenue would be $80 assuming that we’re not taking into consideration any other factor like elasticity or type of good.
If price increases revenue increases too.
Answer:
Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.
Explanation:
2. It engages in business activities from which it may earn revenues and incur expenses.
Answer:
Total Period cost for the month= $427,400.00
Explanation:
Under variable costing,
Period costs are fixed costs
Fixed Manufacturing Overhead= $298,700.00
Fixed selling & Admin costs= $128,700.00
Total Period cost for the month= $427,400.00
This wouldn’t by chance have multiple choice options would it?
