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Liula [17]
3 years ago
6

Suppose the college administrators estimate that the beautification initiative will cost $2,040. To decide whether the initiativ

e should be undertaken, administrators conduct a survey of the college's 420 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $12. The benefit of the beatification initiative, as suggested by the survey, is ____
Business
1 answer:
tekilochka [14]3 years ago
8 0

Answer:

420 x 12 = 5,040

Explanation:

Because the estimated benefit is greater than the cost, the college administrators should undertake the beautification initiative.

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If Morton Company expects to sell VCR’s at $100 a unit with variable costs of $60 per unit and DVD’s at $200 per unit with varia
Thepotemich [5.8K]

Answer:

$72

Explanation:

To calculate the weighted contribution margin we can use the following formula:

[(sales price A - variable cost A) x proportional sales A] + [(sales price B - variable cost B) x proportional sales B]

= [($200 - $120) x 80%] + [($100 - $60) x 20%] = $64 + $8 = $72

7 0
3 years ago
Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the
Alenkinab [10]

Answer:

0.15

Inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 14 million  - 15 million =  -1 million  

average of both demands = (14 million + 15 million  ) / 2 = 14.50 million

Midpoint change in quantity demanded =  -1 million  / 14.50 million = -0.069

midpoint change in price = change in price / average of both price

change in price = $2.15 - $1.35 = $0.80

average of both prices = ( $2.15 + $1.35 ) / 2 = $1.75

midpoint change in price = $0.80 /  $1.75 = 0.457

-0.069 / 0.457 = 0.15 demand is inelastic  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

 

6 0
3 years ago
The technology that allows you to view and access Internet resources is the _____.
vladimir1956 [14]
C.) web browser is the right answer
6 0
3 years ago
Read 2 more answers
Tuliptime, Inc. sold American fashions to a Japanese company at a price of 3.3 million yen. On the sale date, the exchange rate
morpeh [17]

Answer:

B. Credited Gain on fluctuation of foreign currency for $1,170

Explanation:

The journal entry to record the collection of foreign receivables is provided

Account Titles and Explanation                         Debit     Credit

Cash                                                                      40,170

(3,900,000 * 0.0103)

Foreign reserve                                                                  39,000

(3,900,000 * 0.01)

Gain of fluctuation of foreign currency                              1,170

(3,900,000 * 0.0003)

Hence, the correct option is Credited Gain on fluctuation of foreign currency for $1,170

5 0
3 years ago
what is the annual operating cash flow (OCF) for a 10-year project that has annual sales of $520,000, its variable costs are 60%
Levart [38]

Answer:

$62, 000

Explanation:

Operating Cash Flow  = Operating Income (revenue – cost of sales) + Depreciation

4 0
3 years ago
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