1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ganezh [65]
2 years ago
8

Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours.

His total cost of operating one tour is fixed at $450. Vincent’s cost is not reduced if he runs a tour with a partially full bus. While his cost is the same for all tours, Vincent uses a pricing practice called price discrimination and charges each passenger his/her willingness to pay: adults $18 per trip, children $10 per trip, and senior citizens $12 per trip. At those rates, on a typical day Vincent’s demand is:
Passenger Type

Willingness to Pay

Demand per day

Adults

$18

70

Children

$10

25

Senior Citizens

$12

55

Assume that Vincent’s customers are always available for the tour; therefore, he can fill his bus for each tour as long as there is sufficient total demand for the day.
What is Vincent’s cost of serving all passengers demanding a tour on a typical day?
What is Vincent’s profit on a typical day?
One of Vincent’s friends tells him he would be more profitable if he charged a single price of $18. Assuming no changes in consumer demand, what would Vincent’s profit be if he charged every customer $18? (3 points)
Business
1 answer:
4vir4ik [10]2 years ago
4 0

Answer:

lmk when you get sumtn bro

Explanation:

i need the answer too

You might be interested in
The full disclosure principle requires a balance between_______________.
N76 [4]

Answer:

Relevance and cost effectiveness  

Explanation:

Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.

It prevents any lack of information from the business's financial information and helps to ensure that  creditors, stakeholders and investors are aware of all the relevant information while making key decisions that affect the company.

Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.

3 0
3 years ago
Required information Use the following information for the Exercises below. Skip to question [The following information applies
rosijanka [135]

Answer:

See

Explanation:

1. Break even point in units

= Fixed cost / Selling price per unit - Variable cost per unit

Given that

Fixed cost = $600,000

Selling price per unit = $375

Variable cost per unit = $300

Break even point in units = $600,000 / ($375 - $300)

= $600,000 / $75

= 8,000 units

2. Break even in sales

= Fixed cost / Selling price unit - Variable cost per unit × Selling price per unit.

=[ $600,000 / ($375 - $300) ] × $375

= 8,000 × $375

= $3,000,000

6 0
2 years ago
A government inspection has required your company to upgrade the safety equipment in the manufacturing process of ice creamery.
lapo4ka [179]

Answer: Option E

Explanation: In simple words, the group of factors outside the organisation that are not in the control of the management are called external environment. The legal-political dimension refers to the rules and legislation passed by the authorities for effective operating of the society as a whole.

In the given case, the inspection leading to safety upgrade was done done by the govt. Such requirement depicts that the safety structure was not as per the law passed or rule made.

Hence, from the above we can conclude that the correct option is E.

6 0
3 years ago
Why is it difficult to interpret recent history and current events?
Sphinxa [80]
It is difficult to do this interpretation because there may not have been time for the outcome to have developed. For example, in Venezuela right now there is an attempt by part of the opposition to defeat the government through street violence and reverse the social gains of Hugo Chavez and Nicolas Maduro but the dispute still has not been resolved.
8 0
3 years ago
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $3
Zepler [3.9K]

Answer:

The entry will be:

May 3

Dr Allowances for doubtful debt               3,700

Cr Account Receivable                             3,700

(to record written-off of receivables)

Explanation:

As the company uses the allowance method of accounting for uncollectible accounts, the company would actively review and book bad debt expenses for any debt in doubt of collection. The entry would be: Dr Bad Debt Expenses & Cr Allowance for doubtful debt.

When there is sufficient evidences that these debts go default, no more expenses will be recorded, instead, the account receivable will be written off ( Cr) with the offsetting entry is Dr Allowance for doubtful debt.

4 0
3 years ago
Other questions:
  • Which of the following would shift a market labor supply curve to the left?
    6·1 answer
  • Courier Logistics Corp. will issue $2,400,000 in 8-year bonds that pay 5% annually. The market rate for bonds of similar riskine
    7·1 answer
  • Real GDPa.is the current dollar value of all goods produced by the citizens of an economy within a given time. b.measures econom
    6·1 answer
  • 3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)
    5·1 answer
  • Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
    10·1 answer
  • People who might need to retrieve part or all of their investment relatively soon, such as the elderly, are often advised to inv
    10·2 answers
  • Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
    15·2 answers
  • Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices
    10·1 answer
  • _____________ measures how changes in price affect the quantity of product demanded.
    12·1 answer
  • If exports ______________, then the economy is said to have a trade surplus. question 4 options: equal imports exceed imports pr
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!