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zhannawk [14.2K]
2 years ago
10

If it takes a fan 20 minutes to walk to her seat in the last section in the stadium and it takes 5 minutes to get to the lowest-

level seats, what is the average time to find a seat in these two sections at the stadium?
Business
1 answer:
jenyasd209 [6]2 years ago
5 0
The last section in the stadium
 t1 = 20min
 the lowest-level
 t2 = 5min
 The average between those two sections of the stadium to find a seat is:
 A = (t1 + t2) / (2)
 A = ((20) + (5)) / (2)
 A = (25) / (2)
 A = 12.5min
 Answer:
 The average time to find a seat in these two sections at the stadium is
 12.5min
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The management should adopt skimming pricing strategy.

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For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

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3 years ago
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According to classical economic theory, a market economy: Select one: a. is self-regulating b. will automatically adjust to the
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Answer:

A. Is self regulating

Explanation:

The fundamental theory of the classical economy is that the market economy is self regulating. The classical economists believe that an economy is always capable of achieving real GDP, that is GDP when resources are fully employed. And that, time to time, when GDP falls below or exceed the real GDP, the market economy has self-adjustment mechanisms to bring it back to the real GDP level. Classical economists believes in self regulating democracies and capitalistic market developments.

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3 years ago
Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $6,500 of cash sales that are
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Answer:

Journal Entry

General Ledger                   Dr.          Cr.

Cash                                 $7,085

Sales Tax Payable                           $585

Sales                                                 $6,500

Explanation:

Sales tax is the amount of tax collected by the business on the taxable sales from customers on behalf of government and pay it to government after that. Sales tax will be included in the cash received from the customer and recorded as the payable for the business.

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Brett's outside tax basis in his LLC interest = Cash contribution + basis of building - debt of building + Non recourse loan + non recourse mortgage + remaining mortgage on building

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