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KiRa [710]
3 years ago
10

Kevin is an auto mechanic. He spends 33 hours when he replaces the shocks on a car and 22 hours when he replaces the brakes. He

works no more than 5454 hours a week. He routinely completes at least 44 shocks replacements and 66 brake replacements a week. If he charges ​$500500 for labor replacing shocks and ​$250250 in labor for replacing​ brakes, how many jobs of each type should he complete a week to maximize his​ income?
Business
1 answer:
ahrayia [7]3 years ago
8 0

Answer:

To maximize income, Kelvin should use 5445 hours to replace 165 shocks.

Explanation:

The number of hours taken for replacing the shocks is 1.5 times higher than replacing the brakes. (1.5 = 33 hours/ 22 hours)

While the income from replacing the shocks is double/ 2 times higher than replacing the brakes (2.0 = $500500/$250250)

It’s viable that replacing the shocks is more effective in term of income compared to hours  taken.

If Kevin use his maximum 5,454 hours a week for replacing the shocks, then he can replace 165 shocks and earn $82,582,500.

If the customer resource is unlimited, then it It is better to focus on replacing shocks only.

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urtle Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
olga2289 [7]

Answer:

Net increase in operating income = $1,200

Explanation:

Contribution margin per unit = $150 - $75 = $75 per unit

if marketing expenses increase by $6,300, the total number of units sold will incerase by 100 units. Differential increase in contribution margin = $75 x 100 = $7,500. Differential increase in fixed expenses = $6,300. Net increase in operating income = $7,500 - $6,300 = $1,200

3 0
3 years ago
Mary, Ann, and Beth are partners. Their capital balances​ are, ​; ​; and ​, respectively. As per the partnership​ agreement, Mar
77julia77 [94]

Complete Question:

Mary, Ann, and Beth are partners. Their capital balances are $23,000, $41,000 and $30,000 respectively As per the partnership agreement Mary receives a profit share of 2/9, Ann has 4/9, and Beth has 39 Beth withdraws from the partnership by receiving $23.000 What will be the impact of this transaction on the journal entries?

A. Cash will be debited for $30,000

B. Mary. Capital will be debited for S 7,000

C. Ann, capital will be credited for $7,000

D. Beth, Capital will be debited for $30,000

Answer:

D. Beth, Capital will be debited for $30,000

Explanation:

The entry would be reduction in capital by $30,000 because his investment is sold for $23,000 and the remainder $7,000 would be profit for two remaining partners and would be shared with their respective ownership.

The entry is as under:

Dr Beth Capital Account $30,000

Cr               Mary Capital A/c              $2,333            (1/3) of $7,000

Cr               Ann Capital A/c                $4,667            (1/3) of $7,000

Cr              Cash Account                    $23,000

Hence the option D is correct here.

Option A is incorrect because cash wasn't debited with.

Option B is incorrect because Mary capital wasn't debited, it was credited.

Option C is also incorrect because Ann's capital was credited but with (2/3) share.

5 0
3 years ago
A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
n200080 [17]

Answer:

He will sell 600 pizzas per week if he cuts the price by 10%.

Explanation:

Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.

Price elasticity of demand = % change in demand / % change in price

-2 = % change in demand / 10%

% Change in in demand = -2 x 10%

% Change in in demand = -20%

Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.

Current Sale of Pizzas = 500 pizzas

Increase in sales  = 500 x 20% = 100 pizzas

Increased sale = 500 + 100 = 600 pizzas

7 0
3 years ago
What portion of discretionary spending is typically spent on defense?
Solnce55 [7]
2/ About two thirds of the discretionary spending is spent on defense.
8 0
3 years ago
Read 2 more answers
In the office supply store, Brittany bought 17 pens of three kinds: ball pens, gel pens, and ink pens, which cost $0.05, $0.10 a
Ganezh [65]

Answer:

5 ball pens

Explanation:

Let's first assign our variables:

x = number of ball pens    = 0.05 each

y = number of gel pens    = 0.10 each

z = number of ink pens    = 0.25 each

We have three equations there:

She bought 17 pens so this means that if we add all the number of pens together we get 17.

The total cost is $2.05, so if we add the cost of the all the pens we would get $2.05.

Lastly, we know that she bought twice as many gel pens as ink pens.

We can then assume:

x + y + z = 17

0.05x + 0.10y + 0.25 z = 2.05

y = 2z

we will need to use all of these to figure out the number of ball pens:

x + y + z = 17

Substitute the equation we came up for y (y = 2z):

x + 2z + z = 17

x + 3z = 17

x = 17 - 3z

--------------------------

0.05x + 0.10y + 0.25 z = 2.05

0.05x + 0.10(2z) + 0.25z = 2.05

0.05(17-3z) + 0.20z + 0.25z = 2.05

0.85 - 0.15z + 0.20z + 0.25z = 2.05

Combine like terms:

0.85 + 0.3z = 2.05

Subtract both sides by 0.85

0.85 + 0.3z - 0.85 = 2.05 - 0.85

0.3z = 1.2

Divide both sides by 0.3

0.3z/0.3 = 1.2/0.3

z = 4

Now that we have the number of ink pens, let's solve the number of ball pens using one of the formulas we came up with.

x = 17 - 3z

x = 17 - 3(4)

x = 17 - 12

x = 5

If you want to check, just plug in everything that we know.

y = 2x

y = 2(4)

y = 8

---------

5 + 8 + 4 = 17

17 = 17

6 0
3 years ago
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