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krek1111 [17]
3 years ago
12

A real estate office handles a 80-unit apartment complex. When the rent is $560 per month, all units are occupied. For each $45

increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $50 per month for service and repairs. What rent should be charged to obtain a maximum profit
Business
1 answer:
Montano1993 [528]3 years ago
8 0

Answer:

$2,090 should be charged as rent to obtain maximum profit.

Explanation:

Let's assume x is the number of occupied apartment.

Therefore, the total rent the company is getting can be represented as;

{(560 + 45(80-x)}x-50x

Y=560x + 3600x - 45x^2 - 50x

Y=4110x - 45x^2

Y^'=(4110x - 45x^2)^'

Y=4110 - 90x

Y=0

4110-90x = 0

90x = 4110

x = 45.67

Rent is therefore;

560 + (80 - 46)45

=560 + 1530

=$2,090

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The answer is "Choice B".

Explanation:

Please find the numbering of the question in the attached file.

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3 years ago
In 2019, smileytown consumed 50,000 tubes of toothpaste. in 2020, toothpaste consumption rose to 62,000 tubes. Calculate the per
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If smileytown consumed 50,000 tubes of toothpaste in 2019, and in 2020, toothpaste consumption rose to 62,000 tubes, then there is a 24 percentage of change in the toothpaste consumption.

<h3>What is the significance of consumption?</h3>

The consumption of any commodity can be referred to or considered as the quantity purchased by consumers for utilization in an economy during a given period of time.

We can infer that 50000 + 24% = 62000, and thus, the percentage change in the toothpaste consumption of smileytown between 2019 and 2020 is 24 percent.

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5 0
2 years ago
Suppose you invested $93 in the Ishares High Yield Fund (HYG) a month ago. It paid a
blsea [12.9K]

Answer:

B) 0.57%, 1.08%

Explanation:

The computations are shown below:

Dividend yield = (Annual yield) ÷ (market price) × 100

where,

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Annual dividend = $0.53 per share

So, the dividend yield = ($0.53 per share ÷ $94 per share) × 100

= 0.57%

Capital gain yield = (Market price - purchase price) ÷ (purchase price) × 100

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8 0
3 years ago
In the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and
kondaur [170]

Answer: an offset against ordinary income of $3,000 and a NSTCL carryforward of $2,400

Explanation:

Feom the question, we are told that in the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700.

From his capital gains and losses, Norris reports an an offset against ordinary income of $3,000 and the a net short-term Capital loss (NSTCL) balance carryforward will be the difference between the net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700 and the offset against ordinary income. This will be:

= ($9100 - $3700) - $3000

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4 0
3 years ago
Zumbrunn Company’s income statement contained the following condensed information. ZUMBRUNN COMPANY Income Statement For the Yea
kotykmax [81]

Answer:

Explanation:

the solution is given in the file attached. I hope it helps you. Thank you

Download docx
8 0
4 years ago
Read 2 more answers
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