The revenue function is given by R = -10p² + 4700p
Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.
Given an annual sales (q) as:
q = (−10p + 4,700) million units.
The selling price is $p per unit. Hence:
Revenue = per unit price * annual sales
Revenue = p * (−10p + 4,700)
Revenue (R) = -10p² + 4700p
The revenue function is given by R = -10p² + 4700p
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Karim and Rashida Sultan are filing a joint federal return. They have the following investment income $597 Frankfort Mutual Fund dividends, $283 Credit Union dividends. The amount of total taxable dividends reported on Schedule B is: $1,706.
Total taxable dividend=Craft Inc. dividends + Frankfort Mutual Fund dividends+ Credit Union dividends
Where:
Craft Inc. dividends=$826
Frankfort Mutual Fund dividends=$597
Credit Union dividends=$283
Let plug in the formula
Total taxable dividend= $826+$597+$283
Total taxable dividend=$1,706
Inconclusion if Karim and Rashida Sultan are filing a joint federal return. They have the following investment income $597 Frankfort Mutual Fund dividends, $283 Credit Union dividends. The amount of total taxable dividends reported on Schedule B is: $1,706.
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Answer:
option (c) $25 million
Explanation:
Data provided in the question:
The marginal propensity to consume in Frugalia, MPC = 0.60
Increase in spending = $10 million
Now,
The total increase in income
= 
× Increase in spending
on substituting the respective values, we get
= 
× $10 million
= 
× $10 million
or
= 2.5 × $10 million
or
= $25 million
Hence,
The answer is option (c) $25 million
Answer:
The answer is: a
Explanation:
The Parton Company has a 'make or buy' decision. This decision involves analysing the incremental costs associated with each option. Incremental costs are costs incurred as a result of producing one more unit of a product. If the excess capacity can be utilised to produce the headlights at a lower cost than the cost of acquiring the headlights from an external supplier, then the company should produce the headlights.
The Parton Company incurs $12.80 per headlight purchased from the external supplier. Added to this cost, are the existing costs of operating below plant capacity. If making the headlights in the manufacturing plant yields a positive contribution to fixed costs, then the Parton company should produce the headlights in the manufacturing plant.
By producing the headlights, the Parton company gains a contribution to fixed costs of $1.03 per headlight.
Foregone purchase costs from supplier: $12.80
Incurred costs (directly) from production: ($11.77)
Direct materials ($4.45)
Direct Labour ($3.45)
Manufacturing Overheads: $(6.45*0.6) <u>($3.87)</u>
Net gain per headlight <u> </u><u>$1.03</u>
Answer:
a. $118,000
Explanation:
When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.
Here it is provided that income reported = $110,000
Opening balance of accounts receivables = $40,000
Closing balance of accounts Receivables = $32,000
Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000
Therefore there is decrease in accounts receivables which is a current asset.
Thus Cash Flow from operating activities
Net Income = $110,000
Add: Decrease in current assets = $8,000
Net cash flow from operating activity = $118,000
Correct option is
a. $118,000
