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Keith_Richards [23]
3 years ago
10

What is gross profit? (Select the best answer.)

Business
1 answer:
BlackZzzverrR [31]3 years ago
6 0
The money left over the cost of making a product or providing a service
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The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea
Rzqust [24]

Answer:

Profit maximising price = 48

Explanation:

Total Cost : C (x) = 8x + 3

Demand Curve : p (x) = 88 − 2x

Total Revenue = p (x). x  =  x (88 - 2x) = 88x - 2x^2

Profit maximisation is where Marginal Cost (MC) = Marginal Revenue (MR)

MC = d TC / d Q  =   d (8x + 3) / d x = 8

MR = d TR / d Q = d (88x - 2x^2) / d x = 88 - 4x

Equating MR & MC ,

88 - 4x = 8  , 88 - 8 = 4x

x = 80 / 4 , x = 20

Putting value in demand curve,

p = 88 - 2x = 88 - 2 (20) = 88 - 40

p = 48

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3 years ago
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
photoshop1234 [79]

Answer:

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complex problem-solving

coordination

critical thinking

Explanation:

can i have brainlest

5 0
3 years ago
Read 2 more answers
As a leader of the audit team, what do you tell your employees to do first?
Bogdan [553]

Answer:

get to work or your not getting paid. that's what I would say

5 0
3 years ago
Orion Flour Mills purchased a new machine and made the following expenditures:
GrogVix [38]

Answer:

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

Explanation:

Preparation of the journal entry to Record the above expenditures for the new machine.

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

(62,400+500-2900)

Equipment:

Purchase price ($55,000) + Sales tax (5,000) + Shipping (800) + Installation (1,600) =

Total cost 62400

Cash:

Shipment of machine (800) + Insurance on the machine ((500)) +Installation of the machine (1,600) = 2900

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2 years ago
What is meant by the term operating leverage?
ludmilkaskok [199]
The percentage of fixed costs in a company's cost structure.
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3 years ago
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