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3 years ago

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Ron’s gross income is $50,000. He contributed $500 to charity. The mortgage interest on his first home is $3,000 and his medical

expenses are $1,500. What is Ron’s taxable income? Ron’s total deduction is $and his taxable income is $.

1 answer:

Kazeer [188]3 years ago

6 0

Well first its 50,000 - 500 - 3,000 - 1,500 which equal to 5,000 and 50,000 - 5,000 equal 45,000 . so your answer is 5,000 an 45,000

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dolphi86 [110]

Answer: Sunk Cost

Explanation:

A sunk cost is an expense which a company or entity has already incurred and which cannot be recovered and so should not be considered when making decisions regarding incremental benefits or costs to an investment.

The $48 had already been incurred to produce the defective units and cannot be recovered so it is a sunk cost that should not be considered moving forward.

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3 years ago

A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendan

m_a_m_a [10]

Answer:<u><em> Price per ticket should be charged in order to maximize revenue is $15.</em></u>

<u><em>70000 people will attend at this price.</em></u>

<u><em></em></u>

Explanation:

Let 'x' represent the decrease .

Using the given information,

Price per ticket = 24 - 3x

Average no. of people that watch the game = 40000 + 10000x

Additional money spent by every person = 6(40000 + 10000x)

Revenue [R(x)] = Price per ticket $\times$ Average no. of people that watch the game + Additional money spent

Revenue [R(x)] = (24 - 3x) $\times$ (40000 + 10000x) + 6(40000 + 10000x)

On solving the above equation we get ,

Revenue [R(x)] = -30000 $x^{2}$ + 180000x + 1200000

In order to find the critical point we'll differentiate the following with respect to x;

R'(x) = -60000x + 180000

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<u><em>Thus, the price per ticket that should be charged in order to maximize revenue is (24 - 3 $\times$ 3 = 24 - 9 = $15)</em></u>

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Answer:

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