Answer: B) The price for admission to a national park can be increased during peak times to limit overuse of the park.
Explanation:
In line with the rules of Supply and Demand, if a resource is in high demand, there should be a higher price associated with it to reflect its relative scarcity in relation to demand. If a resource is being overutilized (in demand) therefore, it would make sense that it gets a higher price.
This is the case with the national park during peak times. At this time there are quite a lot of people in it and this means that it is being overused. In such times, the entrance fee should increase to reflect that the demand is quite high and to limit the overuse of the park.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$5 million
Explanation:
As we know the asset is financed from two capital sources equity and liability.
Using Accounting equations as follow
Assets = Equity + Liabilities
Total Assets Value = Equity Value + ( Account Payable + Accrued expenses + Long-Term Debt )
As we both sides are not equal, asset are more that the sum of equity and liabilities so we need more borrowing to finance the assets.
$50 million = $25 millions + ( $8 million + $2 million + $10 million ) + Additional Borrowing
$50 million = $25 millions + $20 million + Additional Borrowing
$50 million = $45 millions + Additional Borrowing
Additional Borrowing = $50 million - $45 millions
Additional Borrowing = $5 million
Answer: The correct answers are "To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window", "The Sales of Product Income account is a default account when inventory is turned on", "Uncategorized Income and Uncategorized Expense are default accounts for online banking activity", "If you add a new account, the category type determines on which financial statement this account will show", and "Delete an account from the Chart of Accounts if it is not relevant to your business".
Explanation: To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window - It is the correct way to add new accounts.
The Sales of Product Income account is a default account when inventory is turned on - Activating the inventory automatically creates the Sales of Product account that is an Income account.
Uncategorized Income and Uncategorized Expense are default accounts for online banking activity - Income and expenses not classified are by default for online banking.
If you add a new account, the category type determines on which financial statement this account will show - The appearance of accounts in the different financial statements depends on the category that determines the account, for example an income or expense account, will appear in the income statement.
Delete an account from the Chart of Accounts if it is not relevant to your business - It is possible to eliminate accounts that are not useful for the business model used.
Answer:
365.15 units
Explanation:
The computation of the economic order quantity is shown below:
where,
Annual demand is
= 30 units × 300 days
= 90,000 units
ordering cost is $50
Carrying cost is
= $45 × 15%
= $6.75
Now placing these values to the above formula
So, the economic order quantity is
= 365.15 units
We simply applied the above formula so that the EOQ could come