What are the two main body cavities?

You found that you should stock and sell 50 or 400 cans of beans per week in order to break even. In part (g) you are asked what

zubka84 [21]

Answer:

Option C is correct P(q) = -0.005q^{2} + 2.25q - 100

Explanation:

Profit P(q) = R(q) – C(q)

Profit = Revenue – Cost

So,

P(q) = -0.005q^{2} + 2.5q - 100 – 0.25q

P(q) = -0.005q^{2} + 2.25q - 100

In order to find break even, you should plug 50 and 400 into the formula P(q) = -0.005q^{2} + 2.25q - 100

4 0

4 years ago

Lexington Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions ar

kobusy [5.1K]

Answer:

Lexington Company

The amount of total assets on Lexington's balance sheet at the end of Year 1 was:

$5,860

Explanation:

a) Data and Calculations:

Cash from issue of common stock = $3,200

Cash from bank loan = 2,300

Cash from revenue = 3,200

Cash for expenses = (2,420)

Cash for dividends paid = (420)

Total assets = $5,860

b) We can verify the total assets above by computing the liabilities and equity, which should be equal to the total assets according to the accounting equation. The liabilities = $2,300 (bank loan). The equity = common stock plus retained earnings ($3,200 + $3,200 - $2,420 - $420), which = $3,560. The total of liabilities and equity = $5,860 ($2,300 + $3,560). Therefore, assets = liabilities + equity ($5,860 = ($2,300 + $3,560).

7 0

3 years ago

Select the incorrect statement regarding relevant costs and revenues. Group of answer choices Sunk costs are never relevant for

raketka [301]

Answer:

The incorrect statement regarding relevant costs and revenues:

To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives.

Explanation:

For a cost or revenue to be considered as relevant, it must be incurred or earned at a future time. It must also differ between the options available for decision making. A cost or revenue cash flow is relevant if it arises from a management decision and can be avoided. This simply means that if the cost or revenue is not affected by management decision or does not make any difference in decisions, it is not relevant.

6 0

3 years ago

A manufacturer reports the following costs to produce 30,000 units in its first year of operations: Direct materials, $30 per un

lubasha [3.4K]

Answer:

$53,019

Explanation:

Step 1 : Determine the unit product cost

Unit product cost under variable costing consist of only variable manufacturing costs.

Unit product cost = $30 + $26 + ($300,000 ÷ 29,200)

= $66.27

Step 2 : Calculate value of the inventory

Value of the inventory = Unit product cost x units in inventory

= $66.27 x 800

= $53,019

Under variable costing, the value of the inventory is $53,019.

5 0

3 years ago

On November 1 of the current year, Rob Elliot invested $30,000 of his cash to form a corporation, GGE Enterprises Inc., in excha

andrew-mc [135]

Answer:

1. What is the amount reported for total liabilities and stockholders' equity on December 31?

$56,150 (same as total assets)

2. What is the retained earnings amount reported on December 31?

= total equity - common stock = $37,785 - $30,000 = $7,785

3. How much does GGE Enterprises Inc. owe to its creditors?

accounts payable = $56,150 - $37,785 = $18,365

4. How much cash is being held by GGE Enterprises Inc.?

cash = $56,150 - $8,350 - $15,500 = $32,300

5. By what amount did retained earnings increase or decrease during the period?

$7,785 - $5,000.00 from Nov. = $2,785

6. What is the amount of profit or loss during December?

profit = increase in retained earnings + dividends = $2,785 + $5,750 = $8,535

7. What were the total expenses for December?

total expenses = fees earned - December's profit = $27,250 - $8,535 = $18,715

8. How much was paid for utilities?

$18,715 - $6,450 - $4,625 - $1,220 - $400 = $205

Explanation:

the numbers are all mixed, so I looked for a similar question:

Cash ? = $56,150 - $8,350 - $15,500 = $32,300

Accounts Receivable $8,350.00

Land $15,500.00

Accounts Payable ? = $56,150 - $37,785 = $18,365

Common Stock ? $30,000

Retained Earnings = $37,785 - $30,000 = $7,785 ($5,000.00 from Nov. + $2,785 from Dec.)

Dividends $5,750.00

Fees Earned $27,250.00

Supplies Expense $6,450.00

Utilities Expense ?

Wages Expense $4,625.00

Rent Expense $1,220.00

Miscellaneous Expense $400.00

5 0

4 years ago