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Lisa [10]
3 years ago
14

The daily profit p in dollars of a company making tables is described by the function upper p left parenthesis x right parenthes

is equals negative 5 x squared plus 240 x minus 2475 p(x)=?5 x 2+240x?2475?, where x is the number of tables that are manufactured in 1 day. the maximum profit of the company occurs at the vertex of the parabola. how many tables should be made per day in order to obtain the maximum profit for the? company
Business
1 answer:
Assoli18 [71]3 years ago
4 0

The following equation of parabola is given:

p(x)= - 5 x^2 + 240 x - 2475

where p(x) = y

This is a standard form of the parabola. We need to convert this into vertex form of equation. The equation must be in the form:

y – k = a (x – h)^2

Where h and k are the vertex of the parabola. Therefore,

y = - 5 x^2 + 240 x - 2475

y = -5 (x^2 – 48 x + 495)

Completing the square:

y = -5 (x^2 - 48 x + 495 + _) - (-5)* _

Where the value in the blank _ is = -b/2

Since b = -48        therefore,

y = -5 (x^2 – 48 x + 495 + 81) + 405

y – 405 = -5 (x^2 – 48 x + 576)

y – 405 = -5 (x – 24)^2

Therefore the vertex is at points (24, 405).

The company should make 24 tables per day to attain maximum profit.

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Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditi
sashaice [31]

Answer:

Contribution margin= $169

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense

total unitary variable cost= 38 + 1 + 8 + 4

total unitary variable cost= $51

<u>Now, the contribution margin:</u>

Contribution margin= 220 - 51

Contribution margin= $169

8 0
2 years ago
Discuss the 3 types of bailments and identify the legal ramifications regarding possession or acquisition and treatment of the b
ra1l [238]

<u>Answer: </u>

Three types of bailments are:

1) Bailment that benefits both the bailor and the bailee.

2) Bailment that benefits only the bailor.

3) Bailment that benefits only the bailee.

<u>Explanation: </u>

Bailment can be understood as a temporary transfer of the property from one person to another for a given specific time period and also for some specific purpose. There is a difference between bailment and the sale, as in the former the ownership of the property is not transferred. The owner of the property who delivers the property to another person is called bailor, whereas, the person who temporarily receives the property is called bailee.

There are basically three types of bailment:

1) Bailment that benefits both the bailor and the bailee: In this case, both the party benefits in the bailment process. The most suitable example is renting a house for another person for a living. Here, the bailor is benefited as he receives the renting fee and the bailee gets the house for living.

2) Bailment that benefits only the bailor: In this only, the bailor is benefited in the bailment process. The best example is the free car parking service by a valet. The bailor is benefited as he gets the car parking service, but as the service is free, the bailee does not receive any benefit out of it, However, the damage to the car might incur certain liability on the hands of the bailee.

3) Bailment that benefits only the bailee: In this bailment procedure, only the bailee is the one who receives the benefits. The most appropriate example of this is the library system. In the library, the person who borrows the book is the bailee and receives the benefit in the form of a book, whereas, the bailor (library) does not benefit anything out of it.

<u>Some legal ramifications related to the possession and acquisition of the bailment: </u>

If the bailment term is over, then the bailor has the right to reclaim the property from the bailee and bailee has to return it to the bailor. However, if the term is over after a certain fixed period of time and the bailor has not claimed for the property, then the bailee can address the property as abandoned to the bailor.

In other cases, if the bailor has not reclaimed the property or did not make any attempt to do so, and the fixed duration has passed, then in such case, the bailee can claim the property as its own. However, to stay in good faith, the bailee should show the bailor that the property has been abandoned.  

7 0
2 years ago
Scott Bestor is an accountant for Westfield Company. Early this year, Scott made a highly favorable projection of sales and prof
Yuki888 [10]

Answer a

The stakeholder in this situation arer as follows =>

1. Scott

2. Managemnet of a Company

3. The Financial Community.

Answer b

Ethical Issues are ;

Loyalty of Scott towards Company and its management.

He should excercise due vigilence while making projections for sales.

Answer c

Possible Actions are

1. Ignore the matter

2. Inform then Boss or Management.

3. Inform the boss and follow the standard procedure

I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.

3 0
3 years ago
Read 2 more answers
Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs.
Lady bird [3.3K]

Answer and Explanation:

The computation is given below:

a)  

Direct labor rate variance = (Actual rate - Standard rate) × Actual hours  

= ($22.50 - $23) × 8,450 hours

= -$4,225.00 Favorable

Direct labor time variance = (Actual hours - Standard hours) × Standard rate  

= (8,450 hours - 8,400 hours) × $23

= $ 1,150.00 Unfavorable

Total direct labor cost variance is

= Direct labor rate variance + Direct labor time variance  

= $4,225 Favorable + $1,150 Unfavorable

= -$3,075.00 Favorable

b.  In the case when the employees are not much experienced or they are poorly trained so the less experience cause to less performance due to which the actual time needed should be more than the standard one

3 0
3 years ago
The market mechanism:
anyanavicka [17]

Answer:

works because prices serve as a means of communication between consumers and producers.

Explanation:

Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).

In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.

Demand and supply mechanics works to properly allocate resources according to fluctuations in price.

So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.

5 0
3 years ago
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