Answer:
Explanation:
1) Revenue $540,000
less: Salaries for drivers (390,000)
Fuel expense (54,000)
insurance (74,000)
Division line (44,000)
Net loss (22,000)
If division is eliminated the income would increase by $22,000
So it should be eliminated.
2) Decrease in income = $600,000 - ($540,000+$22,000)
= $38,000
3) What is the minimum amount of revenue required = 600,000 - 38,000 = $562,000
The semi annual interest payment on a $10,000 5% bond would be $250
Answer:
An example email to the company:
Dear Sirs:
I have recently been in contact with some sources that have told me that you baby Powder may be causing ovarian cancer. I would respectfully ask you to look into this issue, as your product may be harming young children.
Thank you for your time,
_Your name herE_
Answer:
Substitutes
Explanation:
The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.
Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.
