Answer:
The answer is b) people who have a more inelastic demand for amusement parks.
Explanation:
For this price discrimination strategy, amusement parks are aiming at people who are more willing to come to the amusement park to spend more hours at the park and does not care about entry price as much as other people who are not normally willing to visit the park; instead, may be take a try for one or two hours at the end of the day at deep discounted price.
So, high price will be charged to people less care about entry price, in other works their demand for the amusement parks is relatively more inelastic to other people.
Thus, b is the right choice.
Answer:
$55,300
Explanation:
Calculation to determine what The net income for December would be:
NET INCOME FOR DECEMBER
Revenue $327,000
Less cost of goods sold ($228,900)
(70%*$327,000)
Gross profit $98,100
($327,000-$228,900)
Less Depreciation ($17,400)
Less Operating expenses ($25,400)
Net Income $55,300
Therefore The net income for December would be:55,300
Answer:
Incurred but unpaid
Explanation:
When wages and salaries are incurred by an entity and paid, the entries required are debit Wages and Salaries expense, credit cash account. However, when the expense is incurred but cash is yet to be paid, this represents a liability to the organization and as such, an accrual is required. The entries to be posted are debit Wages and salaries expense (in the income statement), credit Accrued wages and salaries (in the balance sheet).
Answer:
556.6 or 557 units
Explanation:
Given that,
Digby's sales forecast for Dixie = 506 units
Digby wants to have an extra units on hand above and beyond their forecast = 10%
Production units = Sales × (1 + Reserve Percentage)
= 506 × (1 + 10%)
= 506 × 110%
= 556.6 or 557 units
Therefore, the Dixie's will produce 557 units in order to have a 10% reserve of units available for sale.
Answer:
labor force participation rate= 96.2%
Explanation:
Giving the following information:
Unemployed people= 19 million
Labor force= 500 million
<u>First, we need to calculate the employed people:</u>
<u></u>
Employed population = 500 - 19= 481 million
<u>Now, to calculate the labor force participation rate, we need to use the following formula:</u>
<u></u>
labor force participation rate= (employed people/labor force)*100
labor force participation rate= (481/500)*100
labor force participation rate= 96.2%
