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xz_007 [3.2K]
2 years ago
8

Last year, talent show tickets were sold for $11 each and 400 people attended. it has been determined that an increase of $1 in

ticket price would cause a decrease in attendance of 20 people. what ticket price would maximize revenue
Business
1 answer:
tankabanditka [31]2 years ago
5 0

Answer:

Explanation:

4800 - 300 ppl $16

or

4800 - 320 ppl $15

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In its first year of operations, Crane Company recognized $29,500 in service revenue, $6,100 of which was on account and still o
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Answer: See explanation

Explanation:

1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

The first year's net earnings under the cash basis of accounting will be:

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Less: Expenses = $14310

Net income = $9090

The first year's net earnings under the accrual basis of accounting will be:

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Less: Expenses = $15500

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2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?

It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.

8 0
2 years ago
Real per capita GDP in South Korea in 1957 was about $400, but it doubled to about $800.00 by 1978. a. What was the average annu
miskamm [114]

Answer:

3.33%

Explanation:

Data provided in the question:

Real per capita GDP in South Korea in 1957 = $400

per capita GDP in South Korea in 1978 = $800

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Now,

Using the Rule of 70, which states that

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3 0
3 years ago
The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss
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4 0
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IRISSAK [1]

Answer:

The answer is because of the nature of each business and that is explained below.

Explanation:

On the one hand, when it comes to e-business scenarios the people who work in those places know that it is much more complex due to the fact that the managers are dealing with information that is wide range in terms of searching engine, clicks on the website, marketing approaches and more. The owners of this type of business must know how to work with all type of tools that could help the business grow and all that information can be difficult to read and to use sometimes due to the big changes that happen in the internet and in the general public movements every day that will affect your clientele.

On the other hand, the traditional business scenarios may be a little bit less complex due to the fact that they are workind with information that comes straight ahead from the sources, like sales and marketing campaign impacts and more. Therefore that this type of business use all the information that is has to keep the goals of the company at sight thanks to the organization that the managers have.

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3 years ago
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