All categories

3 years ago

A demand function for step stools manufactured by U-Step is q = -720p + 20,500.

Business

1 answer:

meriva3 years ago

5 0

Answer:

$140,420

Explanation:

The demand function is q = -720p + 20,500.

The price is $17

q = -720 ($17) + 20500 = 8260

The quantity sold is 8260

Revenue = price × quantity sold

= $17 × 8260 = $140,420

You might be interested in

When vulnerabilities have been controlled to the degree possible, there is often remaining risk that has not been completely rem

Varvara68 [4.7K]

Answer:

Residual risk

Explanation:

Risk is generally defined as the likelihood that some harm can happen. In quantitative evaluations, risk is defined as the probability that some negative event happens . Residual risk is the threat that remains after all efforts to identify and eliminate risk have been made. There are four basic ways of dealing with risk: reduce it, avoid it, accept it or transfer it. Since residual risk is unknown, many organizations choose to either accept residual risk or transfer it for example, by purchasing insurance to transfer the risk to an insurance company. Residual risk is the remaining risk that exists after all hazard mitigation measures have been implemented or exhausted in accordance with the applicable safety requirements and the project risk management process.

3 0

3 years ago

On May 1, Year 1, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at 9 percent interest. Required a. What is Benz

ehidna [41]

Answer:

a) $1080

b)$19080

c) Loan given | -$18000

d)$540

e)$19620

f)loan | 18000

Interest received | $1620

g) $1620

Explanation:

a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080

b) The total receivable at december 31,Year = 18000+1080 = $19080

c) Year 1 :Statement of cash flow

Loan given | -$18000

d) Interest income Year 2 = $18000*9%*4/12 = $540

e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620

f) Cash flow from investing activities :

loan | 18000

Interest received | $1620

g)Total interest earned = 18000*9% = $1620

7 0

3 years ago

When happens when demand exceeds supply?

ElenaW [278]

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

4 0

3 years ago

Project Rastarum is expected to generate $12,400 each year for the next 5 years, using, costing blizzent co. $40,000 today. if t

raketka [301]

Answer:

Reject,

Explanation:

When calculating the IRR, I got 16.6%, which is less than the wacc. This means that the rate of return is lower than what it costs 18% wacc.

I think the answer should be reject, less.

3 0

3 years ago

Prior to 2021, John Inc. used sum-of-the-years'-digits depreciation on its store equipment. Beginning in 2021, John Inc. decided

TEA [102]

Answer:

Would report depreciation expense of $400,000 in its 2021 income statement

Explanation:

Calculation to determine what John will report as depreciation expense

First step is to calculate the Book value at 1/1/2021

Book value at 1/1/2021= $3,000,000 [(5/15 x $3,000,000) + (4/15 x $3,000,000)

Book value at 1/1/2021= $1,200,000

Now let calculate the New depreciation

New depreciation= $1,200,000 ÷3

New depreciation= $400,000 per year for 2021-2023

Therefore To account for the change in 2021, John Inc.:Would report depreciation expense of $400,000 in its 2021 income statement

4 0

3 years ago