A situation in which the quantity of output supplied is greater than the quantity

where cost is in dollars and time is in minutes. The cost of driving an automobile is $5.50 with a travel time of 21 minutes, wh

LenKa [72]

This question seems incomplete. Here is the detailed and complete question:

A work-mode-choice model is developed from data acquired in the field in order to determine the probabilities of individual travelers selecting various modes. the mode choices include automobile drive-alone (dl), automobile shared-ride (sr), and bus (b). the utility functions are estimated as follows: udl = 2.6 - 0.3(costdl) - 0.02(travel timedl) usr = 0.7 - 0.3(costsr) - 0.04(travel timesr) ub = -0.3(costb) - 0.01(travel timeb) where cost is in dollars and time is in minutes. the cost of driving an automobile is $5.50 with a travel time of 21 minutes, while the bus fare is $1.25 with a travel time of 27 minutes. how many people will use the shared-ride mode from a community of 4500 workers, assuming the shared-ride option always consists of three individuals sharing costs equally?

Answer: 828 workers will use the shared - ride mode.

Explanation: You can see the attached for a more detailed explanation.

7 0

3 years ago

Read 2 more answers

1. Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldn’t get th

morpeh [17]

Answer:

No, She is not right in doing so.

Explanation:

As provided, she tries to close the books by adding all the false amounts which shall alter the balances temporarily and then after returning from vacation she will correct them, but up till vacation the accounts will not represent the true and fair view.

As per US GAAP the books shall represent true and fair view of all the transactions of the company in its accounting records, not only at the year end but even during the year.

Therefore, this will be false and unethical and will be against the compliance of US GAAP if such practice of wrong recording is done.

7 0

3 years ago

How can I better prepare for my essentials of business law tests?

Softa [21]

Get a good night sleep and if you don't pass keep trying and don't ever give up

5 0

4 years ago

Bramble Corp. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget

Alexandra [31]

Answer:

$720,000

Explanation:

The total budgeted selling and administrative expenses is made up of both fixed and variable components. The variable component of the cost is dependent on the budgeted number of units to be sold.

Total variable cost budgeted

= 58000 ( $1 + $3 + $4 +$2)

= $580,000

Total fixed cost = $10,000 + $120,000 + $4,000 + $6,000

= $140,000

total budgeted selling and administrative expenses for October

= $580,000 + $140,000

= $720,000

5 0

3 years ago

Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Tanya [424]

Answer:

(a) $1,500

(b) $650

(c) $1,650

Explanation:

Given that,

Sales last year = $10,000

cost of goods sold = $6,500

General and administrative expenses = $1,000

Interest expenses = $500

Depreciation = $1,000

Firm's tax rate = 35%

(a) Gross Profit:

= Sales last year - cost of goods sold

= $10,000 - $6,500

= $3,500

Earning Before Interest and Taxes (EBIT):

= Gross Profit - General and administrative Expenses - Depreciation

= $3,500 - $1,000 - $1,000

= $1,500

Earning after interest before taxes:

= Earning Before Interest and Taxes (EBIT) - Interest expense

= $1,500 - $500

= $1,000

(b) Net income:

= Earning after interest before taxes - Taxes

= $1,000 - (0.35 × $1,000)

= $1,000 - $350

= $650

(c)Cash Flow From operation:

= Net Income + Non Cash Expenses(Depreciation)

= $650 + $1,000

= $1,650

7 0

3 years ago