Answer:
The real estate should charge $1,300 to obtain maximum profit.
Explanation:
We can make K to represent the number of unit apartment occupied.
This means that the total rent the real estate office is getting can be denoted by;
{(550 + 25(80 - K)} K - 50K
Maximizing the above equation, we have;
y = 550K + 2,000K - 25K^2 - 50K
Collect like terms
= 2,500K - 25K^2
y' = (2,500K - 25K^2)' = 2,500 - 50K
y = 0
2,500 - 50K = 0
2,500 = 50K
K= 50
Rent is therefore;
Rent = 550 + (80 - K)25, where K is 50
= 550 + (80 - 50)25
= 550 + (30)25
= 550 + 750
= $1,300
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or a defined-contribution plan, although most plans are set as the latter.
Answer:
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable$1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Explanation
:
Vaughn Inc
Journal entry
January 2, 2017
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable
$10,100-$9,100) $1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Total Revenue:
sales revenue + interest revenue $9,100+$1,000 = 10,100
Total revenue= $10,100
Answer:
Explanation:
Variable cost = 60% x $150 = $90
a) Total contribution margin in dollars = ($150 - $90) x 550 = $33,000
b) Unit contribution margin = 150 - 90 = $60
c) Contribution margin ratio = 60/150 = 40%
Answer:
Rewind can sue Quito under the legal obligations of the accord between them.
Explanation:
It is our legal right to sue a person if he or she is not fulfilling the requirements of an agreement or accord as it was mutually signed and accepted by the both parties.
In our case, as Quito and Rewind Graphix both signed an accord in which the Quito promises to pay Rewind $4000 within 10 days but as he didn't respected the accord. Now, Rewind Graphix can sue him for not fulfilling the requirements of the accord.
