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tatiyna
3 years ago
7

A charter company will provide a plane for a fare of $60 per person for 20 passengers. For each passenger in excess of 20, the f

are is decreased $2 per person for everyone. Use this to help determine the ideal number of passengers that will maximize the charter company's revenue. Set up an equation in (cost)*(product) that represents this situation.
Business
1 answer:
photoshop1234 [79]3 years ago
6 0

Answer:

25

Explanation:

Let number of passengers greater than 20 be 'x'

thus,

the total number of passengers = 20 + x

and,

the total cost = $60 - $2x

now,

The revenue function will become as:

R(x) = cost × Number of passengers

or

R(x) = ( 60 - 2x ) × ( 20 + x )

or

R(x) = 1200 + 60x - 40x - 2x²

or

R(x) = 1200 + 20x - 2x²

Now,

for point of maxima, differentiating w.r.t 'x'

we have

R'(x) = 20 - 4x = 0

or

x = 5

Hence,

the ideal number of passenger is 20 + x = 20 + 5 = 25

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Suppose the Board of Directors of The Staten Island Suppliers Co. announces on October 4th that the regular quarterly dividend o
kipiarov [429]

Answer:

a. October 4th

b. November 15th 2019

c. November 14th 2019.

d. December 13th, 2019 (Note: This is assumed based on the explanation below as it is not specifically stated in the question).

Explanation:

a. What date is the declaration date?

The declaration date is the date the announcement to pay the next dividend is made by the board of directors of a company. In this case, the declaration date is October 4th, 2019.

b. What date is the holder of record date?

The holder of record date refers to the cut-off date set by a company to ascertain the eligible shareholders that will receive the next dividend payment. In this case, the holder of record date is November 15th 2019.

c. What date is the ex-dividend date?

The ex-dividend date refers to date that a seller of stock is still eligible to receive dividend despite that the stock has already been sold to a by him. This is because it is the person that hold the security on the ex dividend date that will receive the dividend payment not the holder on the payment date. Generally, ex-dividend date is usually one business day before the record date. In this case,he ex-dividend date is November 14th 2019.

d. What date is the payment date?

The payment date refers to the actual day that eligible shareholders are paid the declared dividend by the company. It is usually a few weeks or month after the ex-dividend date. If we assumed to be a month, the payment date would be December 13th, 2019.

6 0
3 years ago
Read the excerpt below from The Call of the Wild and answer the question that follows.
oee [108]
The primitive vs. civilization hope this helps
5 0
3 years ago
Read 2 more answers
Analysis of the general environment enables a firm to identify: a. capabilities b. opportunities and threats c. strategic resour
attashe74 [19]

Option B

Analysis of the general environment enables a firm to identify: opportunities and threats

<u>Explanation:</u>

The general environment usually has a sturdy impact on a firm's level of achievement, officials must pursue biases and circumstances as they emerge and attempt to envision the associations of these biases and circumstances.

The environmental inquiry is an imperative tool. It is a manner to distinguish all the outside and subjective factors, which can influence the organization’s execution. The review involves valuing the level of threat, an opportunity the determinants might impersonate. These determinants are succeeding rendered into further means.

6 0
3 years ago
In December 2019, Todd, a cash basis taxpayer, paid $1,200 fire insurance for the calendar year 2020 on a building he held for r
77julia77 [94]

Answer:

D) Todd should include the $500 in 2020 gross income in accordance with the tax benefit rule.

Explanation:

Since Todd is a cash basis taxpayer, he included the $1,500 insurance premium in his 2019 tax return. Cash basis taxpayer report revenues or expenses when the cash is received or paid, not when the service is provided.

Since he received a $500 refund in 2020, he should include it in his 2020 tax return. As a cash basis taxpayer, any money received is considered income.

5 0
3 years ago
Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life 12years Yearl
Vlada [557]

Answer:

$339,600

Explanation:

The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 60,000.00

time 12

rate 0.14

60000 \times \frac{1-(1+0.14)^{-12} }{0.14} = PV\\

PV $339,617.5275

<em><u>From the given option:</u></em>

$ 339,600 is the closest option.

7 0
3 years ago
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