Although monopolies are not allowed in the United States, the government does understand that in certain situations it doesn't

Suppose that a planet fitness studio has fixed expenses of $7500 per month and variable expenses of $4.99 per member per month.

natka813 [3]

Answer: $500

$19.99-$4.99=$15
$7500/$15= $500

6 0

3 years ago

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the abo

miss Akunina [59]

At which level will a manager use analytics to make decisions? All of the above. A manager will use analytics to make deisions at the operational, managerial and strategic level of management. Managers need to make sure they make their decisions based off of analytics and facts not just what they think is the right decision. By using analytics, they are able to back up their decisions and explain why those are the decisions that are being made.

6 0

3 years ago

Read 2 more answers

You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your

hodyreva [135]

Answer: $1,000

Explanation:

Given Data;

Total government demand is Q = 800 -10P

marginal cost (Mc) = $50

contracted price (cp) = $70 per unit

Therefore;

Marginal Revenue ( MR ) = Marginal Cost ( MC)

Q = 800 -10P

800 - Q = 10P

Divide through by 10, where Q = 1

800/10 - 1/10 = P

80 - 0.1Q = P

Total Revenue(TR) = PQ

TR = 80 - 0.1Q

MR = MC

where MC = $50

80 - 0.1Q = 50

Collecting like terms

80 - 50 = 0.1Q

30 = 0.1 Q

Divide both side by 0.1

Q = 300

Price would be

P = 80 - 0.1Q

P = 80 - 0.1(300)

P = $50

MC = 40

Producing Q units

Total Cost (TC ) = 40 * ( 300 )

= $12,000

Total profit

= TR - TC

= ( P * Q ) - $12,000

= ( $50 * 300 ) - $12,000

= $15,000 - $12,000

= $3,000

Changes caused by regulations

Contracted price = $70

Quantity = 100Units

TT’ = ( P * Q ) - TC

= ( 70 * 100 ) - ( 50 * 100 )

= $7,000 - $5,000

= $2,000

TT - TT’ = $ ( 3000 - 2000 )

= $1,000

If legislation is passed all profit would reduce by $1,000

3 0

3 years ago

By signing a loan agreement, which person promises to pay the loan if the borrower fails to pay

Andrei [34K]

The person who would pay if the borrower failed, is called a co-signer. Usually its a parent, or close friend/family.

5 0

3 years ago

n July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county

Alexus [3.1K]

Answer:

Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund. (Ignore all entries in the governmental activities journal.)

Dr Taxes receivable - current 4,200,000

Cr Allowance for uncollectible current taxes 84,000

Cr Revenues 4,116,000

Prepare a summary journal entry to record the collection of current taxes as of April 30.

Dr Cash 3,900,000

Cr Taxes receivable - current 3,900,000

Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties.

Dr Cash 57,800

Cr Taxes receivable - delinquent 53,000

Cr Interest and penalties receivable 4,800

Dr Deferred inflows of resources 57,800

Cr Revenue 57,800

6 0

3 years ago