Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
We assume that
X = No. of children
Y = Standard type
Z = Executive type
So,
5x + 4y + 7z = 185.........(1)
3x + 2y + 5z = 115.........(2)
2x + 2y + 4z = 94
x + y + 2z = 47.........(3)
Equation (2) multiply by 2
6x + 4y + 10z = 230
From equation (1) to (2)
5x + 4y + 7z = 185
6x + 4y + 10z = 230
-x + 0 - 3z = -45
x + 3z = 45.......(4)
Equation (3) multiply by 4
4x + 4y + 8z = 188
From equation (1) to (3)
5x + 4y + 7z = 185
4x + 4y + 8z = 188
x + 0 - z = -3
- x + z = 3……(5)
From equation (5) to (4)
x + 3z = 45
-x + z = 3
4z = 48
Executive type = Z = 48 ÷ 4 = 12
Z = 12 in equation (5)
-x + 12 = 3
x = 9 (children type)
x=9, z=12 in equation 1
5x + 4y + 7z = 185
5 × 9 + 4 × y + 7 × 12=185
45 + 4 × y + 84 = 185
4y = 56 ÷ 4
Y= 14(Standard type)
Answer:
$17,820
Explanation:
Data provided in the question:
Catalog price of the merchandise = $30,000
Trade discount received = 40%
The amount of discount received = 40% of $30,000
= 0.4 × $30,000
= $12,000
Therefore,
Cost of Merchandise = Catalog price - Discount
= $30,000 - $12,000
= $18,000
also,
credit terms = 1/10, n/30
since, the payment was made within the discount period
1% of discount will be provided
thus,
amount of discount = 1% of cost of merchandise
= 0.01 × $18,000
= $180
hence,
Net cost of the merchandise
= Cost of merchandise - Discount on credit terms
= $18,000 - $180
= $17,820
Answer:
The correct answer is D.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Monopolistic competitive markets:
have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;
have many firms providing the good or service;
firms can freely enter and exits in the long-run;
firms can make decisions independently;
there is some degree of market power, meaning producers have some control over price; and
buyers and sellers have imperfect information.
<span>C. state, county, and city governments
As the name would suggest, a</span> municipal bond is a bond issued by a local government or territory.
Answer:
b. 18,602 units.
Explanation:
First, we need to use last year's information to determine last year's fixed costs.
Price (P1) = $7.68
Variable costs (VC1) = $2.25
Units sold to break-even (n1) = 21,800
At the break-even point, net income is zero and the fixed cost can be found by:
With information from last, information for the current year can be determined:
Price (P2) = $10.00
Variable costs (VC2) = $2.25 x 1.3333 = $3.00
Fixed cost (FC2) = $118,374 x 1.10 = $130,211.4
The number of units required to break even is:
Rounding up to the nearest whole unit, Dorcan Corporation must sell 18,602 units to break-even.
