Answer:
p = 59.11 dollars
Explanation:
Given
Price: p(x) = 8eˣ (0 ≤ x ≤ 2)
Revenue; R = x*p = 8xeˣ
p = ? when R be at maximum
We can apply
dR/dx = d(x*p)/dx = 0
⇒ d(8xeˣ)/dx = 8*(1*eˣ + x*eˣ) = 0
⇒ eˣ*(1 + x) = 0 ⇒ x = - 1
as x = - 1 ∉ [0, 2]
then, we have
p(0) = 8e⁰ = 8
R = 0*8 = 0
If x = 1
p(1) = 8e¹ ≈ 21.74
R = 1*21.74 = 21.74
If x = 2
p(2) = 8e² ≈ 59.11
R = 2*59.11 = 118.22
Implies that, R(x) is maximum at x = 2.
Thus, the price that maximize the revenue of the company is 59.11 dollars.
The answer is interest. whenever you take a car loan from a bank or a financial institution, you always have to pay interest on the amount borrowed or the principal amount. the interest is how the financial institution or bank will earn through lending money
Answer:
Mijka Company
a. Journal Entries
Debit Cash $30,400
Credit Service Revenue $30,400
To record the proceeds for services provided.
Debit Expenses $13,800
Credit Cash $13,800
To record the payment of cash for services.
Debit Dividend $2,100
Credit Cash $2,100
To record the payment of cash dividend.
b. Income Statement for the year ended December 31, 2018:
Service Revenue $30,400
Expenses 13,800
Net Income $16,600
Dividends (2,100)
Retained earnings $14,500
Statement of Changes in Stockholders' Equity as of December 31, 2018:
Retained Earnings $14,500
Balance Sheet as of December 31, 2018:
Assets:
Cash $14,500
Equity:
Retained Earnings $14,500
Explanation:
a) Data and Calculations:
Cash revenue $30,400
Cash expense (13,800)
Cash dividend (2,100)
Cash balance $14,500
Answer:
200,800 units
Explanation:
<u>Calculation of Equivalent units of Production of Conversion Costs</u>
Method : weighted-average method.
Completed and Transferred (181,000 × 100%) = 181,000
Ending Work In Process (33,000 × 60%) = 19,800
Equivalent units of Production of Conversion Costs = 200,800
