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
Goshia [24]
3 years ago
5

The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits ne

xt year (in thousands of dollars) will vary with demand for her services, and she has estimated demand in three categories, low, medium, and high. NUMBER OF BEAUTICIANS DEMAND LOW MEDIUM HIGH One 50 75 100 Two 0 100 100 Three (100 ) 70 300 If she feels the chances of low, medium, and high demand are 50 percent, 20 percent, and 30 percent respectively, what are the expected annual profits for the number of beauticians she will decide to hire?
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

the expected annual profit for the number of beauticians is $70,000

Explanation:

The computation of the expected annual profit for the number of beauticians is shown below:

= 50 × 0.50 + 75 × 0.20 + 100 × 30

= 25 + 15 + 30

= 70

= $70,000

hence the expected annual profit for the number of beauticians is $70,000. The same is to be considered

All other information that are mentioned should be ignored

You might be interested in
Silky Inc., which sells custom silk ties designed by famous people, faces a demand curve of Q = 150 – 0.2P, where Q is measured
CaHeK987 [17]

Answer:

The production level that maximizes Silky's profit is 5000 ties.

Explanation:

Hi

First of all, as we have Q(P)=150-0.2P, we need to transcript it as price in function of the quantity so

P(Q)=\frac{150-Q}{0.2}=750-5Q

Then we need to find income function that is I(Q)=Q*P(Q)=750Q-5Q^{2}.  After derivate it I'(Q)=750-10Q.

The optimum level is when we have MC=I'(Q), therefore,

5Q=750-10Q, as we clear it for Q we find that

Q=\frac{750}{15}=50, finally as we have that Q is measured in hundreds of ties, the production level that maximizes Silky's profit is 5000 ties.

4 0
3 years ago
Money ​'M​' and nonmonetary assets ​'NM​' are the only assets available in financial markets.
maksim [4K]

Answer:

Explpanation:

3 0
2 years ago
Proprietary and fiduciary funds follow account and reporting principles similar to those of ______ organizations.
suter [353]
City of New York

Hope this helps (:
8 0
2 years ago
Mr. Barker enjoys a comfortable retirement income. He recently had surgery and expected that he would have certain services and
olasank [31]

Answer:

What you could tell him is that you can offer to help him review all the plans appeal process as well as to help him ask the plan to review his coverage decision which will enable him to know why he had large charges in excess of his maximum out-of-pocket limit.

Explanation:

Based on the information given we were told that when he received the bill, their was large charges in excess of his maximum out-of-pocket limit which is a limit on the amount of money a person or an individual have to pay for covered medical care services in which we were still told that the large charges in excess of his maximum out-of-pocket limit also include a number of services and items he thought would be fully covered, therefore since he called you to ask what he could do, What you could tell him is that you will offer to help him review all the plans appeal process and to as well help him to ask the plan to review the coverage decision which is why coverage decision is of benefit because it enables a person or an individual to makes decision about their benefits including the amount they have to pay for their medical services plan.

6 0
3 years ago
For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol
Veseljchak [2.6K]

Answer:

Income Tax Expense (Dr.) $49,080,000

Deferred Tax Liability (Cr.) $49,080,000

Explanation:

Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate

Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%

Income Tax expense = $49,080,000

8 0
3 years ago
Other questions:
  • Newcastle Coal Co. owns a warehouse that it is not currently using. It could sell the warehouse for $300,000 or use the warehous
    7·1 answer
  • The median yearly counts of alligator attacks must be
    7·1 answer
  • During business hours, a salesperson can enter a sale on a ____ terminal, which is part of an information system that handles da
    12·1 answer
  • Auditory Company, which applies overhead to production on the basis of machine hours, reported the following data for the period
    5·1 answer
  • Beginning with __________, a body of law has grown that requires organizations to provide employees with nonhazardous working co
    5·1 answer
  • The government regulates financial markets for two main reasons:
    8·1 answer
  • Butter melts when you heat it in a pan
    10·1 answer
  • Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounti
    13·1 answer
  • Marigold Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    5·1 answer
  • Dublin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!