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AnnZ [28]
3 years ago
9

Calculate revenue. Revenue is the quantity sold times the price for the product. The quantity sold will be the smaller of the qu

antity supplied or the quantity demanded. (You can't sell more than you are willing to make even if the market demands a higher quantity. Likewise you can't sell more than is demanded even if you are willing to supply more than the quantity demanded.) You will need to calculate which of these values is smaller because quantity demanded will be smaller than quantity supplied for some prices, but not others.
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

Revenue for Smart Suiting is $521,306.

Explanation:

Revenue is the business operational source of finance. IFRS has made standards for revenue recognition which need to be followed by all organizations. The revenue should be calculated after deducting trade and cash discounts. If there is any sales return it should be deducted from the gross revenue figure. Net revenue should be reported in the Income Statement.

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Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016. 2016 Total
77julia77 [94]

Answer:

The correct option is B,$6,710 million

Explanation:

First and foremost,one needs to be aware that net operating profit margin(NOPM) of 3.6% was computed  by dividing operating profit after tax by  the total revenue for 2016,hence we use same formula to determine the net operating profit after tax for 2017 by merely changing the subject of the formula.

NOPM=net operating profit after/total revenue

net operating profit after tax=NOPM*total revenue

NOPM remains at 3.6%

total revenue for 2017=total revenue for 2016*(1+growth rate)

total revenue for 2016 is $177,526 million

growth rate is 5%

total revenue for 2017= $177,526*(1+5%)=$ 186,402.30  million

Net operating profit after tax= 186,402.30 *3.6%=$ 6,710.48  million

Approximately $6710 million

8 0
3 years ago
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/14, net 95. Mr. Warner never takes t
blsea [12.9K]

Answer: 15.68%

Explanation:

Mr. Warner's cost of not taking the cash discount will be calculated as:

= (3%/100% - 3%) × (360/85 - 14)

= (3%/97%) × (360/71)

= 0.0309278 × 5.0704225

= 0.156817

= 15.68%

Mr. Warner's cost of not taking the cash discount is 15.68%

3 0
3 years ago
One common strategy for attracting the most buyers, which can be accomplished through several tactics, is:
vekshin1
The answer is : Lowering production cost

If we lower the production cost, it will give us the ability to lower the product's price (which will attract a lot of buyers) without have to lower your revenue margin.

Lowering production costs could be accomplished through several tactics, such as : building a more modern factory, finding a cheaper resources supplier. outsourcing the labor to a cheaper country, etc

4 0
3 years ago
Regarding a broker's commission, the California Business and Professions Code requires that in the sale of residential property
Harrizon [31]

Answer:

The remaining part of the question is:

They are set by each broker individually and may be negotiable between the seller and broker.” This clause must be printed:

1. In not less than 8-point boldface type.

2. In not less than 10-point boldface type.

3. In not less than 11-point boldface type.

4. In not less than 12-point boldface type.

Correct Answer:

2. In not less than 10-point boldface type.

Explanation:

<em>In-order to print the clause, the 10-point boldface type should be the minimum font on which the compensation clause is printed. It would make it easier to read.</em>

4 0
3 years ago
You walk onto a used-car lot to buy a car. You are willing to pay up to $15,000 for a car of good quality but you value a lemon
Charra [1.4K]

Answer:

C

Explanation:

Backward induction is the process of going backwards in time with yZermelour reasoningreasoning , from the end of a problem or situation, to determine a sequence of optimal actions. It starts by first considering the last time a decision might be made and choosing what to do in any situation at that time. Using this information, one can then determine what to do at the second-to-last time of decision. This process continues backwards until one has determined the best action for every possible situation (i.e. for every possible information set) at every point in time. IZermelo was the first to use this technique in 1913 to make a point that chess has pure optmal strategies

4 0
3 years ago
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