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dangina [55]
3 years ago
7

SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.

If the price per issue is increased to $3.25, only 1 million copies would be sold. Fixed costs are $1 million and unit variable costs are $0.50 per magazine. From the information provided here, what is SHAPE magazine's total revenue obtained at the lower $3 price?a. $3,750,000 b. $3,250,000 c. $3,000,000 d. no answers are correct
Business
1 answer:
Lerok [7]3 years ago
3 0

Answer:

A. $ 3,750,000

Explanation:

Given that

At lower price

A copy is $3

Copies sold = 1.25 million

Recall that

Total revenue = Price of good × quantity of goods sold.

That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)

Thus

Total revenue at low cost

= 3 × 1.25 million

= 3.75 million

= $3,750,000

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Dr. Evil presents the sound of a buzzer to his pet rabbit, and he follows it with the delivery of a small electric shock. After
alexdok [17]

Answer:

Reconditioning

Explanation:

Reconditioning means to "condition again" so the rabbit will demonstrate and condition the fear of the buzzer again.

5 0
3 years ago
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to
nlexa [21]

Answer:

Based on the given information related to costs for each of the options, the crossover point for Tim = <u>6,000</u> room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then <u>OUTSOURCING (Duffy's Maid Service)</u> is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service <u>INSOURCING (doing it himself)</u>.

Explanation:

Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.

The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.

the crossover point for Tim:

12.5x + 61,000 = 18.5x + 25,000

36,000 = 6x

x = 6,000 room nights

(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000

7 0
3 years ago
American Hat has $1,000 face value bonds outstanding with a market price of $1,150. The bonds pay interest semiannually, mature
Aneli [31]

Answer:

Current Yield of bond is 3.53%

Explanation:

Current yield is the ratio of coupon payment of a bond to its current market price.

Formula for Current yield is as follow

Current Yield = Annual Coupon payment / Current market price

First we need to calculate the coupon payment by using following formula

YTM = [ C + ( F - P ) / n ] / [ ( F + P ) / 2 ]

5.8%/2 = [ C + ( $1,000 - $1,150 ) / 16 ] / [ ( $1,000 + $1,150 ) / 2 ]

2.9% = [ C + ( $1,000 - $1,150 ) / 16 ] / [ ( $1,000 + $1,150 ) / 2 ]

2.9% = [ C - $9.375 ] / $1,075

1,075 x 2.9% = C - $9.375

31.175 = C - 9.375

C = 31.175 + 9.375 = $40.55 annually

Current Yield = Annual Coupon payment / Current market price

Current Yield = $40.55 / $1,150 = 0.0353 = 3.53%

7 0
3 years ago
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