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Dafna1 [17]
3 years ago
7

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

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The answer is "87%".

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Please find the attached file.

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3 years ago
On the first day of the fiscal year, Shiller Company borrowed $63,000 by giving a five-year, 12% installment note to Soros Bank.
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Answer:

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The journal entry is shown below:

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