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saw5 [17]
3 years ago
15

Residents of Mill River have fond memories of ice skating at a local park. An artist has captured the experience in a drawing an

d is hoping to reproduce it and sell framed copies to current and former residents. He thinks that if the market is good he can sell 400 copies of the elegant version at $150 each. If the market is not good, he will sell only 350 at $110 each. He can make a deluxe version of the same drawing instead. He feels that if the market is good he can sell 500 copies of the deluxe version at $110 each. If the market is not good, he will sell only 450 copies at $70 each. In either case, production costs will be approximately $30,000. He can also choose to do nothing, if he believes there is a 40% probability of a good market, what should he do and why?
Make the deluxe version? Make the elegant version? Do nothing?
Business
1 answer:
Irina18 [472]3 years ago
5 0

Answer:

the artist should make the elegant version since the expected profits are higher

Explanation:

elegant version:

expected revenue = (400 x $150 x 40%) + (350 x $110 x 60%) = $47,100

expected profits = $47,100 - $30,000 = <u>$17,100</u>

deluxe version:

expected revenue = (500 x $110 x 40%) + (450 x $70 x 60%) = $47,100

expected profits = $42,250 - $30,000 = $12,250

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atch China's GDP Growth Rate to the year. This data is easily found by creating a raw data longitudinal or advanced bar chart an
Kamila [148]

Answer:

I will lay out China's GDP growth rate in the last years:

YEAR GDP GROWTH RATE

2018 - 6.6%

2017 - 6.7%

2016 - 6.7%

2015 - 6.9%

2014 - 7.3%

2013 - 7.7%

2012 - 7.8%

2011 - 9.5%

2010 - 10.6%

2009 - 9.4%

2008 - 9.6%

2007 - 14.2%

2006 - 12.7%

2005 - 11.3%

2004 - 10.1%

2003 - 10.0%

2002 - 9.1%

2001 - 8.3%

2000 - 8.4%

1999 - 7.6%

1998 - 7.8%

1997 - 9.2%

1996 - 9.9%

1995 - 10.9%

1994 - 13.0%

1993 - 13.8%

1992 - 14.2%

China was growing a lot in the first years of the 1990s. The last half of the decade saw less grow because of the Asian financial crisis,

During the mid 2010s, China was again growing ove 10% every year. This boosted the world economy, for example, Latin America, because this region is an important provider of raw materials such as coal, oil and soy.

China was not seriously affected by the 2008-2009 financial crisis, or by the 2011 European debt crisis.

However, in recent years, the country has been growing less, probably because as it develops more, it tends to grow less. Same thing has happened to every developed country in the world. In fact, advanced economies like the United States or Germany rarely grow above the 2% rate per year.

3 0
3 years ago
The marketing activity that receives the most attention from those concerned with ethical considerations is product strategy, bu
Otrada [13]

Answer:

True.

Explanation:

This statement is true, due to the fact that the marketing activities whose competences are ethical considerations, encompass the product strategy as a focus, but also the promotion, marketing research and prices. Ethical considerations in relation to the marketing of a product, means that the product will meet the demands of consumers and satisfy their wants and needs along with the ethical considerations contained in the product. As an example we can mention a makeup company that uses stamps that do not perform tests on animals and uses biodegradable packaging, this company is attesting to consumers ethical values ​​required by its potential audience, so research is needed to identify what their customers' demands are , price strategy in product development and commercialization, etc.

5 0
2 years ago
Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere with
Delvig [45]

Answer:

Environmental hazards and underdevelopment

Explanation:

Aware of existing policies to curb the careless release of pollutant to the atmosphere, relocating to developing country's amounts to refusal to pay taxes, cutting corners in order to make more profits and reduction in additional cost to operations. But most importantly, the company is not a promoter of the eradication of environmental hazards.

4 0
3 years ago
Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation w
Step2247 [10]

Answer:

Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.

Explanation:

Calculation of the Salary that Gander Corporation Pay Patrick during the Period:

December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:

The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.

Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,

$180,000 *1/12 = $15,000

4 0
3 years ago
The following items and amounts were taken from Wildhorse Co.’s 2017 income statement and balance sheet.
puteri [66]

A. Assets

B. Equity

C. Expense

D. Liability

E. Assets

F. Assets

G. Assets

H. Equity

I. Liability

J. Liability

K. Revenue

L. Expense

6 0
3 years ago
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