First, calculate for the total operating cost of the park through the equation,
TC = TV + TF
where TC is the total cost,
TV is the total variable cost which is equal to the product of the variable cost per visitor and number of visitor, and
TF is the total fixed cost.
Substituting the known values,
TC = ($15)(1,750,000) + $60,000,000 = $86,250,000
Then, the total revenue is the product of the cost of ticket and the number of visitors.
TR = ($50/visitor)(1,750,000 visitors) = $87,500,000
Subtracting the two values will give us an answer of $1,250,000.
ANSWER: $1,250,000
The answer to your question is d
There are different kinds of company that exist.
This is most likely a citizen of every state of which its members are citizens.
- Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.
In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.
Learn more about Limited liability from
brainly.com/question/14023701
Answer: Inelastic
Explanation:
Based on the information given, we would calculate the elasticity of demand which would be:
= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)
Change in Quantity = 1800 - 2000 = -200
Change in Price = 50 - 40 = 10
Initial Price = 40
Initial Quantity = 2000
Elasticity of demand would then be:
= (-200/10)(40/2000)
= (-20)(0.02)
= -0.4
Since elasticity of demand is less than 1, it is an inelastic demand.
Answer:
Beginning work in process= $7000
Explanation:
Giving the following information:
Cost of goods manufactured by $112,000.
Direct materials cost of $52,000
Direct labor cost of $37,000.
Overhead cost of $26,000.
The work in process balance at June 30 equaled $10,000
Work in process on June 1?
Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process
112000= ? + 52000 + 37000 + 26000 - 10000
Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000
