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dangina [55]
1 year ago
5

The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month

. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
Business
1 answer:
Roman55 [17]1 year ago
5 0

The rent that the manager should charge to maximize revenue will be $2,000.

In business, a rent is known as the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space.

Initially, to find revenue by coming up we can calculate with an equation below:

Revenue = Price × Revenue

Where, price = 1000 + 20x

Quantity = 150 - x

R(x) = (1000+20x) (150-x)

R(x) = 150000 - 1000x + 3000x - 20x²

R(x) = - 20x² + 2000x + 150000

To maximize the revenue, we calculate the derivative and set it to zero:

R(x) = - 20x² + 2000x + 150000

R(x) = -40x + 2000

-40x + 2000 = 0

40x = 2000

x = 50

After we find the amount of X, thus we determine the rent that the manager should  charge to maximize revenue

Price=$1000+20x

Price=$1000+20(50)

Price=$1,000 + 1,000

Price = $2,000

Learn more about the rent at brainly.com/question/2254034

#SPJ4

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Answer:

Please see solution below

Explanation:

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Add:

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Adjusted bank balance

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Bank reconciliation as at June 31st.

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3 0
3 years ago
Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs
eimsori [14]

Answer:

a. 22,400 units

b. 27,600 units

Explanation:

Break even point is the level of Activity where a firm neither makes a profit nor a loss.

<em>Break -even (units) = Fixed Costs / Contribution per unit</em>

<u>Contribution per unit</u>

Contribution per unit = Sales per unit <em>less</em> Variable Cost per unit

                                   = $66 - $44

                                   = $22

Break -even (units) =  $492,800 / $22

                                =  22,400 units

<em>Sales units to reach a target profit = (Target Profit + Fixed Costs) / Contribution per unit</em>

                                                        = ($114,400 + $492,800) / $22

                                                        = $607,200 / $22

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4 0
3 years ago
On January 1, 2013, Nichols Corporation granted 10,000 options to key executives. Each option allows the executive to purchase o
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Solution:

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Compensation Expenses                                    $200,000

Paid in Capital- Stock Options                            $200,000

*To record compensation expense for 2013

Computation-Compensation Expense= 400,000/2= $200,000

Dec 31 2014

Compensation Expenses                                       $200,000

Paid in Capital- Stock Options                               $200,000

*To record compensation expense for 2013

Computation- Compensation Expense= 400,000/2= $200,000

Dec 31 2015

Cash                                                       $240,000

Paid in Capital- Stock Options              $320,000

Common Stock                                        $40,000

Paid in capital – in excess of par common stocks        $520,000

*To record stock option for 5 years and market price $30 with a balance record in the PIC in excess of common stock, 8,000 option exercised out of 10,000

Computation-

PIC- stock options- 400,000 X 80%= $320,000

      Common stock = 8,000 X 5 per share= $40,000

       80%= amount of stock options redeemed.

       8,000/10,000= 80%

Dec 31, 2017

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*To record paid in capital- stock option for 2017 which is $80,000

Computation= 400,000 X 20%= $80,000

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4 0
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Answer:

U.S. government securities

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One of such methods is the sale of government securities.

They are issued to buyers to obtain funds for government use. The government now makes a commitment to pay the owed amount at a future date.

They include: treasury bills, treasury notes, treasury bonds, and treasury certificates.

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6 0
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Answer:

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Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.  

5 0
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