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marta [7]
3 years ago
14

Suppose an industry earns a rate of return of 10%, which is twice as high as that of competitive industries, 5%. How much is the

price overcharge of that industry, if its capital is valued at half its annual revenue
Business
1 answer:
sergey [27]3 years ago
6 0

Answer:

Let us assume that both the industries are having an investment of $100,000

The profit of the given industry which is having 10% rate of return will be $100,000 * 10% = $10,000

The other industry which is having the Rate of return of 5% will earn a profit of $100,000 * 5% = $5000.

As the capital is just half of the revenue, it signifies that the total revenue will be $200,000 . So the same value of $10,000 will be 5% of the total revenue.  On the other hand, $5,000 would be 2.5% of total revenue.

Thus, the first stated industry will charge 2.5% more than the other industry.

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During regular operating hours, passengers of Fly-Hi airlines arrival at the airport at the average rate of 190 per hour (Poisso
GenaCL600 [577]

Answer:

The minimum number of staffs that could be hired is 4

The optimal number of stuff is 6 and  The total cost per hour is $114.14

Explanation:

Average arrival rate, λ = 190 per hour

Average service rate, μ = 1 in 1 minute = 60 per hour

The minimum number of servers required for a stable queuing system

= λ/μ

= 190/60

= 3.167

Therefore, The minimum number of staffs that could be hired is 4.

s             P0               Lq              Server cost per hour = s*18

4            0.029         2.210                      72  

5            0.039  0.483                      90

6            0.041          0.137                       108  

Waiting cost per hour = Lq*45   Total cost per hour

              99.44                                            171.44

              21.72                                      111.72

               6.14                                               114.14

The total cost is optimal for s = 6.

Therefore, The optimal number of stuff is 6 and  The total cost per hour is $114.14

4 0
3 years ago
Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 50 $ 3
RUDIKE [14]

Answer:

Amount of taxes payable is $210.

Explanation:

<u>Calculating the Income tax amount: </u>

Income tax = Closing balance - opening balance + income tax expenses

Income tax = 30 - 50 + 230  

Income tax = - 20 + 230

Income tax = $210

7 0
4 years ago
Pluralistic ignorance efffect. How to apply in business administration? Give example
MrRa [10]
Pluralistic ignorance effect is a practice in which no ones believes but everyone thinks they believes.  This is very particular to a business administration environment. I'll give you an example, 
You are the kind of person that wants cleanliness and you notice that your friend is so messy, supposed to be you will tell her about her messiness but you noticed that no one cares about her, thus you stopped yourself from speaking,
3 0
3 years ago
Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you
pentagon [3]
Tricky tricky. I'll go with 'A. you do not take too much' from experience.
4 0
4 years ago
Read 2 more answers
Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:
ElenaW [278]

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

budget for 6,000 units total variable cost: $180,000

We divide the total cost by the activity in that budget:

$180,000/ 6,000 = 30

Now we multiply by the actual volume:

5,000 x 30 = 150,000

Now we do flexible budget - actual cost = variance

150,000 - 145,000 = 5,000 favorable

It is favorable, as the cost where less than expected.

4 0
3 years ago
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