Which of the following BEST summarizes the purpose of Section 4 of the 25th Amendment?

You are thinking of opening a Broadway play, I Love You, You’re Mediocre, Now Get Better! It will cost $5 million to develop the

Alex Ar [27]

Answer:

39 weeks

Explanation:

initial investment = $5 million

Your goal is to a better person and get rich by doubling your development costs. You want to earn $10 million in profits, so you will need to sell a lot of seats.

8 shows per week x 100 weeks = 800 shows

revenue per ticket = $50 + $1.50 = $51.50

tickets sold per show = 800 x 80% = 640

total revenue per show = 640 x $51.50 = $32,960

variable cost per show (assuming 7 nights per week) = $7,000 / 8 = $875

contribution margin per show = $32,960 - $875 = $32,085

number of shows needed to earn $10 million in profits = $10,000,000 / $32,085 = 311.67 shows

number of weeks = 311.67 / 8 = 38.96 ≈ 39 weeks

4 0

3 years ago

Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same

VashaNatasha [74]

Answer:

B) no competitive producer of the same product

Explanation:

Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.

Characteristics of a Monopoly

1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.

2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.

3) Unique product: The product sold in a monopoly are unique have little or no close substitute.

4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.

5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.

6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.

3 0

4 years ago

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Here's a question from the text aids. in which countries is the tip usually added to the bill?

Sauron [17]

The answer is England and Canada. They have the tip included in the bill.

3 0

3 years ago

Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidatin

finlep [7]

Answer:

$0 gain or loss

Cash basis $10,000

Inventory $15,000

Explanation:

Calculation for Mia’s recognized gain or loss on the liquidation and basis in the property received

First step is for us to calculate for the outside adjusted basis

Using this formula

Outside adjusted basis=Outside basis - Liabilities

Let plug in the formula

Outside adjusted basis=$50,000 - $25,000

Outside adjusted basis= $25,000

Second step is to calculate for theGain or loss

Using this formula

Gain/Loss=Outside adjusted basis- Cash received - Inside basis

Let plug in the formula

Gain/Loss =$25,000 -$10,000 -$20,000

Gain/Loss = ($5,000)

Based on the above calculation for Mia Gain/loss in which Mia had ($5,000) this means there is $0 gain or loss

Third step is to calculate for the Inventory

Using this formula

Inventory = Cash + Gain/Loss

Let plug in the formula

Inventory =$10,000 + $5,000

Inventory = $15,000

In summary Mai will have $0 gain or loss, the Cash basis amount will be $10,000 while the Inventory amount will be $15,000

5 0

4 years ago

Which theme can be found in both "If" and The Jungle Book by Rudyard Kipling?

Mkey [24]

Answer:

The correct answer is D. learning to stand alone is part of growing up.

Explanation:

5 0

3 years ago

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