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Scrat [10]
3 years ago
10

A single-price monopoly can sell 2 units for $8.50 per unit. in order to sell 3 units, the price must be $8.00 per unit. the mar

ginal revenue from selling the third unit is
Business
1 answer:
MAVERICK [17]3 years ago
8 0
Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications. 

The formula to be used is,
             Marginal revenue = (change in total revenues)/(change in quantity sold)

Revenue for 2 units sold:   R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold:    R = (3 units)($8.00/unit) = $24
   
Change in Total Revenue = $24 - $17 = $7

Marginal Revenue = ($7) / (3 - 2) = $7/1

<em>ANSWER: Marginal Revenue: $7/unit</em>
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What education does a childcare director need
nexus9112 [7]

Answer:

An associate's or bachelor's degree in early childhood education is needed to work as a child care director.

Explanation:

4 0
3 years ago
Read 2 more answers
Job order production is also known as: Select one: a. Mass production. b. Process production. c. Unit production. d. Customized
lidiya [134]

Answer:

Option (D) is the right answer.

Explanation:

According to the question, customized production is the most appropriate answer because job order production refers to the manufacturing process which is unique & customized according to the customer's needs.

While the other options are wrong because of the following reasons:

  • Mass production can be described as a large number of production for the same product.
  • Process production can be defined as the production which takes place through a similar process for all the products.
  • Unit production can be defined as the number of production of the items.
  • Standard costing can be defined as the costing which occurs on the production of the product.

Hence the most appropriate answer is option (D).

8 0
3 years ago
Q 10.7: Melbee Farms is considering purchasing a new combine that would help them finish their harvesting faster, thus allowing
LUCKY_DIMON [66]

Answer:

Discounted payback period= 3 years 1 month

Explanation:

The discounted payback period is the estimated length of time in years it takes the present value of net cash inflow from a project to equate the net cash the initial cost  

To work out the discounted payback period, we will compute present value of the cash inflow and then determine how long it will take for the sum to be equal to the initial cost. This is done as follows:

Year     Cash flow     DF        Present value  

0           487,000 × 1          = (487,000)

1          157,000 × 1.07^(-1) = 146,729.0

2         182,000 × 1.07^(-2) = 158965.8

  3         202,000 × 1.07^(-3) = 164,892.2

4         213,000  × 1.07^(-4) =162,496.7

Total PV for 2 years = 146729 +158965+164892= 470587.0

Balance of cash flow remaining to equal  =  487,000-470587 = 16413.0

 Discounted payback period = 3 years + 16413.0 /162,496.7 × 12 months

= 3year , 1.2months

Discounted payback period= 3 years 1 month

5 0
3 years ago
Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile inst
Aneli [31]

Answer:

Alameda Tile

a. The enrollment to enable Alameda Tile to break even = 500 students.

b. To make an operating profit of $80,000, number of students

= 750 students

c. With projected enrollment for the year of 800 students:

1. Operating profit = Total Contribution - Fixed Costs

= ($320 * 800) - $160,000

= $96,000

2. a) Operating Profit, if the tuition per student decreased by 10%.

New selling price = $720  which is $800 * (1 - 10%)

Variable cost             480

Contribution           $240

Operating profit = Total Contribution - Fixed Costs

= ($240 * 800) - $160,000

= $32,000

2. b) Operating Profit, if the tuition per student increased by 20%.

New selling price = $960  which is $800 * (1 + 20%)

Variable cost             480

Contribution           $480

Operating profit = Total Contribution - Fixed Costs

= ($480 * 800) - $160,000

= $224,000

3. a) Operating Profit, if variable costs per student decreased by 10%.

Selling price =         $800

Variable cost             432     $480 * (1 - 10%)

Contribution           $368

Operating profit = Total Contribution - Fixed Costs

= ($368 * 800) - $160,000

= $134,400

3. b) Operating Profit, if variable costs per student increased by 20%.

Selling price =         $800

Variable cost             576     $480 * (1 + 20%)

Contribution           $224

Operating profit = Total Contribution - Fixed Costs

= ($224 * 800) - $160,000

= $19,200

4. Operating profit, if fixed costs reduced by 10% and variable cost increased by 10%:

Selling price =         $800

Variable cost             528     $480 * (1 + 10%)

Contribution           $272

Operating profit = Total Contribution - Fixed Costs

= ($272 * 800) - $144,000 ($160,000 * (1 - 10%)

= $73,600

Explanation:

a) Data and Calculations:

Tentative Price and Cost Characteristics:

Tuition $ 800 per student

Variable costs (tiles, supplies, and so on) 480 per student

Fixed costs (advertising, salaries, and so on) 160,000 per year

Per unit       Tentative

Selling price = $800

Variable cost    480

Contribution  $320

b) Computation of break-even point:

To break-even with fixed cost of $160,000, sales unit will be equal to:

Fixed cost/Contribution per unit = $160,000/$320 = 500 students

c) Fixed cost + Target Profit /Contribution per unit:

= ($160,000 + $80,000)/$320

= $240,000/320

= 750 students

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3 years ago
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Dafna11 [192]
C- they help get people’s opinions and day to day activities that they might do.
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3 years ago
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