Answer:
Profit will increase by $2.3
Explanation:
Data provided in the question:
If instead of grooming 130130 dogs, he grooms 131131 dogs
Marginal cost = $65.82
Marginal revenue = $68.12
Now,
The effect on his profits of grooming 131 dogs instead of 130 dogs will be:
Change in profit = Marginal revenue - Marginal cost
or
Change in profit = $68.12 - $65.82
or
Change in profit = $2.3
Hence,
Profit will increase by $2.3
Answer:
Incentive
Explanation:
Incentive -
It refers to the peice or work or activity that enables you to perform the work , is referred to as incentive .
It is a type of motivation or a bait .
Hence , from the given scenario of the question ,
Ordering the bobble head dolls , which is completely not required is a type of incentive , as it will make the shipping free of cost .
Hence , the correct answer is incentive .
Answer:
$14,000
Explanation:
Sale made = Accounts Receivable on 30 June + Collections of accounts - Accounts Receivable on 1 June
= $15,000 + $25,000 - $10,000
= $30,000
Cost of goods sold = Sales made ÷ rate of mark-up on cost
= $30,000 ÷ 150% × 100%
= $20,000
Estimated cost of the June 30 inventory = Inventory Balance on June 1 + Purchases made during June - Cost of goods sold
= $18,000 + $16,000 - $20,000
= $34,000 - $20,000
= $14,000
They will either match the prices of another offer or go lower then the offer
