Answer: Number of Units Sold
Explanation:
To calculate Revenue there are two details needed at the most basic level. These are the price per unit of the good being sold and the number of units sold.
Revenue = Price * Number of units sold
The question provides us with the price per good to be sold which is £1 per pack of 100 cups for Company A and £3 for 1 dinner plate for Company B.
To know who has the higher revenue, we would need the number of units sold of each.
For instance, assuming Company A sold 10 packs of 100 cups and Company B sold 10 dinner plates, the company revenues would be;
Company A = 10 packs * £1
= £10
Company B = 10 dinner plates * £3
= £30.
Company B would have a higher revenue which are able to know due to the number of units sold being known.
The marginal tax rate is the number that the government sets for people to pay. The effective tax rate is the number that people actually pay for their taxes after deductions.
Answer: Production Possibilities Graph.
Explanation: A production possibilities graph is a graph that helps to show the different ways in which economic resources can be used. It can only contain two products or resources in its graph. With the production possibilities graph, an opportunity cost of a decision can be examined.
rabbits have large ears so that they can hear predators coming so they will run and stay alive
Answer:
The amounts that Beldon should capitalize as the cost of the land and the new building is $64,900 and $528,500 respectively
Explanation:
The computations are shown below:
For land:
= Purchase value of the land + Demolition of old building + Legal fees for title investigation of land - Salvaged materials
= $60,000 + $4,500 + $2,500 - $2,100
= $64,900
For building:
= Architect’s fees (for new building) + Construction costs + Interest on construction loan
= $13,000 + $510,000 + $5,500
= $528,500
