Answer:
It must sell 1,375 patterns each month in order to attain maximum profit, and that maximum profit is $3,181.25
Explanation:
In order to find the number of patterns that will translate into the maximum profit for the compamy, first we have to consider that the equation given is actually a parabola, and its vertex, when we draw it (Y equals profit and X equals units) proposes the maximum profit possible (if the formula continues to describe the company´s profit).
With that in mind, the general equation of a parabola is as follows.
in our case
a= - 0.002
b= 5.5
c= -600
And the formula, to find the quantity that will provide the maximum profit (x coordinate of the parabola) is as follows.
Therefore
Now, if we want to find what is going to be this maximum profit in terms of dollars, we just have to substitute x for 1,375 in the equation given, that is.
Best of luck.
Answer:
The correct answer is option E.
Explanation:
The utility can be defined as the enjoyment or satisfaction derived from the consumption of a good or service. The main motive of a rational consumer is utility maximization.
The sum of consumer and producer surplus is total or aggregate surplus.
The change in utility or satisfaction derived from the consumption of a commodity because of consuming an additional unit of good or service is referred to as a marginal utility.
The decrease in utility or satisfaction with the increase in consumption is called disutility.
The difference between the maximum price a consumer is willing to pay and the price he/she actually pays is called consumer surplus.
Answer:
1. $840,000
2. 2.1
Explanation:
1. Net income available to shareholders
Net income. $960,000
Less : Preferred stock $120,000
Net income available. $840,000
to common stockholders
2. Basic earnings per share for 2015
Earnings per share = Net income available to common stockholders / weighted average shares of common stock
= $840,000 / $400,000
= 2.1
The SG&A Expense/Sales is the tertiary ratio that drives profitability.
<h3>What is
SG&A Expense/Sales?</h3>
This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.
As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.
Therefore, E is correct.
Read more about SG&A
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