Answer:
cost formula: Total cost = F + (V x Q) = $4,500 + ($0.75 x Q)
- F = fixed costs = $4,500
- V = variable costs = $0.75 per guest day
- Q = number of guest days
Explanation:
month occupancy supplies expenses
march 4,000 $7,500
april 6,500 $8,250
may 8,000 $10,500
june 10,500 $12,000
july 12,000 $13,500
august 9,000 $10,750
september 7,500 $9,750
high activity level 12,000 $13,500
low activity level 4,000 $7,500
variation 8,000 $6,000
variable cost per guest-day = $6,000 / 8,000 = $0.75
fixed costs per month = $13,500 - (12,000 x $0.75) = $4,500
cost formula: Total cost = F + (V x Q)
F = fixed costs = $4,500
V = variable costs = $0.75 per guest day
Q = number of guest days
Answer:
More than $1500 price per car per month has to be dropped.
Explanation:
Given:
price per car = $20,000
car sale per month = 40
rate of increase in demand = 3
Solution:
Revenue R = Price × Quantity = P * Q
From the above given data
P = 20,000
Q = 40
R = P*Q
dQ/dt = 3
We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.
R = P*Q
dR/dt = (dP/dt)Q + P(dQ/dt)
= (dP/dt) 40 + 20,000*3 < 0
= (dP/dt) 40 < 60,000
= dP/dt < 60000/40
= dP/dt < 1,500
Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.
Answer:
31%
Explanation:
The current price is $3,863.99
The precious price is $5,599.99
The actual difference in price is $5,599.99 - $3,863.99
=$ 1, 736.00
Percentage decrease will be actual decrease/ original price X 100
= $ 1736.00/ $5,599.99 x 100
=0.31 x 100
=31%
Answer:
To insure bank deposits.
Explanation:
After the great depression the FDIC was created to insurance bank deposits and to give stability and security to the financial system
Answer and Explanation:
The Journal Entry is shown below:-
Investment in bonds is at face value, no question about discount or premium.
Investment is rendered from the time the bonds mature before 2023. Hence, it is an investment as Working for Profit "Held until maturity"
Jan 1, 2018
Bonds receivables Dr, $140,000
To Cash $140,000
(Being Investment in bonds is recorded)
30 June 2018
Cash Dr, $2,400
To interest income $2,400
(Being six months interest received is recorded)
31 Dec 2018
3. Cash Dr, $2,400
To interest income $2,400
(Being six months interest received is recorded)
Working note:-
Bond Value $140,000
Interest rate 4%
Interest earned half
yearly, effective rate
(4% × 6 ÷ 12) 2%
Half Yearly interest amount
($140,000 × 2%) $2,800
