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

According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizati

Serjik [45]

Answer:

b. contingency approach to management.

Explanation:

The Contingency Approach to management tells us that there is no best style of management.

The Employees should in turn push to encourage to adopt situation specific management approach since It gives them an opportunity to explore new things and problem specific solutions.

6 0

3 years ago

Vert Company purchased Dextrin common stock for $150,000. At December 31, Year 2, the Fair value adjustment account had a debit

VashaNatasha [74]

Answer:

B. Credit to the fair value adjustment for $6000

Explanation:

December 31 (year 2)

Fair value adjustment account balance = $10,000 (Debit)

December 31 (year 3)

Fair value adjustment account balance = $154,000 - $150,000 =$4,000 (Debit)

As you can see in year 2 there were only $10,000 (debit) in fair value adjustment account but in year 3 the value dropped down to 4,000 debit which leads us to the journal entry of $6,000 Credit in fair value adjustment account balance

7 0

3 years ago

The recent global boom in the market price for scrap steel and aluminum leads to a sudden rise in the theft of everyday metal ob

Kipish [7]

Answer:

Explanation:

The recent global boom in the market price for scrap steel and aluminum has led to a sudden rise in the theft of everyday metal objects like manhole covers, guard rails, and empty beer kegs.

8 0

3 years ago

ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year f

Doss [256]

Answer:

The worth of the contract today = $3,480,817.37

Explanation:

To determine the worth of the contract today,

We will work out the present value of each of the expected future cash cash payment at a discount rate rate of 8.7% and sum them.

The present valus of the payments indicate how much they worth today if the ST Trucking can invest at a rate of 8.7% per annum

This is done as follows:

PV = 1,100,00× (1.087)^(-0) + (1,300,000 × (1.087)^(-1) + (1400000 ×(1.087)^(-2)

PV = 1,100,000 + 1,195,952.2 + 1,184,865.2

= $3,480,817.37

The worth of the contract today = $3,480,817.37

7 0

3 years ago

What type of brake lining is typically used on heavy-duty vehicles?

galina1969 [7]

For heavy-duty vehicles, sintered-metal brake linings are typically use for better performance and brake lining rivets is the best choice to secure brake shoe linings on trucks and other vehicles. Sintered brake linings offers a stable friction coefficient and produce good bite right away for safer travel. Moreover, they have good properties such as the ability to handle extreme heat well, they are resistant to fade, typically last longer than other types, and perform well even in rain and mud, which make it to be a choice for heavy-duty vehicles. However, rivet heads may score the drum if the linings are not replaced soon enough, so proper maintenance should not be neglected.

3 0

4 years ago