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UkoKoshka [18]
3 years ago
7

If the inverse demand function is:

Business
1 answer:
Vesnalui [34]3 years ago
8 0

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

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Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches
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Answer:

Fixed Overheads Spending Variance = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = $20,000  Favorable (F).

Explanation:

Fixed Overheads Spending Variance = Actual Fixed Overheads  - Budgeted Fixed Overheads

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3 0
3 years ago
On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr
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Answer:

<u>Record the issuance of note. </u>

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Dr.   Cash                   46000

Cr.   Note Payable     46000

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Cr.   Interest Payable     460

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<u>Record the repayment of the note at maturity</u>

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Dr.   Interest Payable     460

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* At the year end the interest expense is accrued and recorded as interest payable.

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Understanding how best to meet your customers needs is a sure way to maximize profits and generate more sales.

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6 0
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