Answer:
See Explanation section
Explanation:
We know,
Profit = Sales - Expenses
To find the total seminar profit, we have to determine the number of newly opened accounts. As it is binomial distribution, we have to make an equation to reach out the seminar profit -
Therefore, the profit equation = (new opened account × Sales commission) - Fixed seminar costs
Since we do not know how many attended open account, the profit equation of seminar = (New open account × $5,300) - $3,700
Answer:
The demand for 10 a.m. class is higher than the demand for the 2 p.m. class.
Explanation:
The supply of seats for the psychology class at 10 a.m is the same as the class at 2 a.m. But there is a surplus of seats at 2 a.m class and shortage of seats at 2 p.m class.
Other things being constant this implies that more students are attending the 10 a.m class than the 2 p.m. class. This shows that the demand for the 10 a.m class is comparatively higher than the demand for the 2 p.m. class.
This causes a surplus of seats at 2 p.m and shortage of seats at 10 a.m.
Answer:
Downward sloping
Explanation:
According to the law of demand, this law states that there is a inverse relationship between the price of a commodity and the quantity demanded for a commodity. This indicates that as the price of the commodity increases then as a result the quantity demanded for that commodity decreases and as the price of the commodity decreases then as a result the quantity demanded for that commodity increases.
Monopoly refers to the market conditions in which there is only a single firm operating in a whole market.
Hence, due to this inverse relationship between the price and the quantity demanded, the demand curve for a monopoly firm is downward sloping.
Answer:
Correct answer is D $7300
Explanation:
Net income in 2019
$4,500
Net income in 2020
$3,200
Minus: Goodwill from the acquisition impaired in 2019
-$300
Minus: Goodwill from the acquisition impaired in 2020
-$100
Investment in subsidiary account
$7,300
Net income of the subsidiary company will be increasing the parent's asset value on the balance sheet, and any subsidiary's loss or goodwill impairment decreases it.
