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3 years ago

Refer to the demand schedule below.

Business

2 answers:

Nesterboy [21]3 years ago

6 0

Answer:

Explanation:

Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

Below is an attachment showing the tabular representation and the solution to requirement A

In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)

Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity

So also a tabular representation of B

All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.

Morgarella [4.7K]3 years ago

5 0

Answer:

$\left[\begin{array}{cccc}Q&P&$Total revenue&$Marginal Revenue\\1&7&7&7\\2&6.5&13&6\\3&6&18&5\\4&5.5&22&4\\5&5&25&3\\6&4.5&27&2\\7&4&28&1\\8&3.5&28&0\\9&3&27&-1\\\end{array}\right]$

Attached graph

Explanation:

Marignal revenue is the additional revenu generate per unit.

While Total revenue is the total amount (P x Q generated)

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A sports game company with current sales of $400,000 does not expect any growth in sales for the next two years. The company, ho

Ber [7]

Answer:

Answer is B

Explanation:

Cash flow = Net Income + Adjustment for Non-Cash expenses

So we must first calculate the Net Income for the second year using the Profit and Loss Statement format:

Year 2

Revenue $400,000

Less Expenses ($220,500)

Less Depreciation ($ 20,000)

Profit before Tax $159,500

Less Tax ($54,230) {34% of Profit before Tax}

Net Income $105,270

Add Depreciation $20,000

Cashflow $125, 270

{Remember Depreciation is a non cash expense, so we must add it to the Net income to arrive at the cash flow}

(Remember the company expects no change in revenue)

5 0

3 years ago

The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs f

Marianna [84]

Answer: c. $1,650 unfavorable

Explanation:

The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.

Formula is:

Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor

= Actual hours * (Actual cost - Standard cost)

= 5,500 * (24 - 23.70)

= $1,650 unfavorable

Unfavorable because the actual cost incurred was more than the cost anticipated.

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3 years ago

So like is there anyone that likes twillzlers (yes ik i cant spell), trips on hot pockets, is really nice, likes orange and blue

antiseptic1488 [7]

Everything but the twizlers I don’t like them lol sorry -

5 0

2 years ago

"If the top two companies in the golf club industry merged, their new market share would equal 15% of the market. This industry'

Yakvenalex [24]

Answer:

Yes, the FTC would ignore the merger and allow it to go through.

Explanation:

here are the options to the question ;

O No, the FTC would probably challenge the merger

O Maybe. The FTC would scrutinize the merger and make a case-by-case decislon.

Yes, the FTC would ignore the merger and allow it to go through.

HHI is used to calculate market power.

if the HHI index is less than 1000 post merger, the merger would be allowed to go through.

If the HHI index is between 1000 - 1800 post merger and the change in HHI is more than 100 after the merger, The FTC would scrutinize the merger and make a case-by-case decislon.

If the HHI index is more than 1800 post merger and the change in HHI is more than or equal to 50, he FTC would probably challenge the merger

4 0

4 years ago

A manufacturing company is considering a capacity expansion investment at the cost of $258,388 with no salvage value. The expans

Jobisdone [24]

Answer:

33,610.42 units

Explanation:

For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:

Given that

Present value = $258,388

Interest rate = 10%

NPER = 7 years

Future value = $0

The formula is shown below:

= PMT(RATER;NPER;-PV;FV;type)

The present values comes in a negative

After solving this, the annual worth is $53,074.32

And, the annual operating maintenance cost is $28,599

So, the revenue should be

= $53,074.32 + $28,599

= $81,673.32

Now the minimum annual production rate is

= $81,673.32 ÷ $2.43

= 33,610.42 units

4 0

3 years ago