Financial information is presented below:
| Operating expenses | $ 47000 |
| Sales returns and allowances | 6000 |
| Sales discounts | 9000 |
| Sales revenue | 190000 |
| Cost of goods sold | 99000 |
The profit margin would be
0.43.
0.17.
0.34.
0.16.
In: Accounting
1. In TWO sentences, describe Management by Exception.
2. List THREE advantages of Decentralization.
3.
For EACH of the following responsibility centers, describe what the manager is responsible for.:
In: Accounting
Consider the following data: equilibrium price = $21, quantity of output produced = 1,000 units, average total cost = $13, and average variable cost $9. Given this information, total revenue is ___________, total cost is _____________, and total fixed cost is ______________.
In: Economics
create your own example of the Debt Utilization Ratio of debt to total assets ratio. You answer should result in a percentage. Also, distinguish the difference between Revenue and net income and give the four steps of the Accounting Cycle.
In: Economics
Governments have both expenses and
expenditures.
What is the difference between these two terms? Give an example to
help us understand.
What is a special revenue fund? For what purpose are these
used?
Please give at least one APA references
In: Accounting
The inverse demand curve for a Stackelberg duopoly is P =1932 -
3Q. The leader's cost structure is
CL(QL) = 13QL. The follower's cost structure is CF(QF) =
25QF.
Find the follower revenue
Round all calculations to 1 decimal
In: Economics
Problem 1 At a local supermarket, customers spend an average of 74 AED. The standard deviation is 30 AED. If 60 customers come to the supermarket today, what is the probability that the total revenue of the supermarket will be between 4000 AED and 5000 AED.
In: Statistics and Probability
given the demand function, Q=20-2p, find the price
range for which
a) demand is elastic
b) demand is inelastic
c) demand is unit elastic
d) if the firm increases the price to £7, is the total revenue
increasing or reducing?
In: Economics
2. Assume that the demand for cosmetic or plastic surgery is price inelastic. Are the following statements true or false? Explain.
e. If more plastic surgery is performed, expenditures on plastic surgery will decrease.
f. The marginal revenue of another operation is negative.
In: Economics
With the aid of a diagram, discuss the concept of scarcity, opportunity cost and unemployment for a hypothetical economy producing cars and potatoes. 1.2 Define price elasticity of demand and use a diagram to illustrate the relationship between price elasticity of demand and total revenue.
In: Economics