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andre [41]
3 years ago
8

A company charting its profits notices that the relationship between the number of units sold, x, and the profit, p, is linear.

If 190 units sold results in $3520 profit and 240 units sold results in $6420 profit, write the profit function for this company.
Business
1 answer:
Naily [24]3 years ago
6 0

Answer: Profit equation is y=58x - 7500


Explanation:


Number of units sold= x


Y = Profit


Slope = \frac{Change in y}{change in X}


\frac{6520 - 3520}{240 - 190}

= \frac{2900}{50}


= 58


Y=mX+b


Y= 58X+b

Substituting the value of profit and units sold into this equation we can find out the value for b,


When y=6420 , x=240


6420= 58(240) + b


-7500=b

So, the profit equation isy=58x - 7500


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Factor analysis

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Morgan Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction woul
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Answer:

The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.

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When Morgan Manufacturing sold goods, the company should make two journal entry to record Cost of goods sold and Sales revenue.

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Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter
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Answer:

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