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soldier1979 [14.2K]
3 years ago
11

The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month.

A market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue
Business
1 answer:
Aliun [14]3 years ago
3 0

Answer:

$950 in order to maximize the revenue.

Explanation:

The computation of monthly rent in order to maximize revenue is shown below:-

R (x) = Rent price per unit × Number of units rented

= ($900 + $10 x) × (100 - x)

= $90,000 - 900 x + 1000 x - 10 x^2

R (x) = -10 x^2 + 100 x + $90,000

Here to maximize R (x), we will find derivative and equal it to zero

R1 (x) = -20 x + 100 = 0

20 x = 100

x = 5

Therefore the monthly rent is p(5) = $900 + 10(5)

= $900 + 50

= $950 in order to maximize the revenue.

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krok68 [10]

Answer:

Cash Dividends - Year 2 =  $84400

Explanation:

The net income of the business is usually appropriated or used for two purposes at the end of the year. It is either used to pay dividends or is retained in the business and is added to the retained earnings or both.

Thus, to calculate the dividends paid by the business in a particular year, we can calculate the change in retained earnings and deduct it from the net income.

Change in retained earnings = Ending balance of retained earnings - Beginning balance of retained earnings

Change in retained earnings = 694000 - 587400

Change in retained earnings = $106600

Thus, out of the net income of $191000, $106600 were transferred to retained earnings. So, the amount of dividends paid for the year is,

Cash Dividends - Year 2 = 191000 - 106600  = $84400

7 0
2 years ago
What is an easy way to convert an hourly wage into an approximate full-time annual wage?
polet [3.4K]
Convert Hours per shift into total days worked for a week then convert it into total 365 - Days working + Hourly Pay
8 0
3 years ago
Which button in the Print Preview tab allows users to set specific margins on the page of a report?
Irina-Kira [14]

Answer:

Page Setup

Explanation:

Page set up allows users to determine how a print out will appear. The user can customize the page size and layout. The page setup dialog box is available under the Layout tab in the Ribbon menu.

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6 0
2 years ago
TarHeel Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased
ddd [48]

Answer:

TarHeel's accounting effective tax rate is 19.95%

Explanation:

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The use of the money supply to influence the economy is: a. initiated through actions of Congress. b. called countercyclical pol
iogann1982 [59]

Answer:

The correct answer is (E)

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There are two major policies which can directly affect the economy of a country; fiscal policy and monetary policy. Monetary policy is generally controlled by federal or state bank which is used to increase or decrease the overall money supply in the economy. Some important tools of monetary policy are interest rate, discount rate and open market operations etc. The monetary policy is often used to target inflation

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3 years ago
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