1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
g100num [7]
2 years ago
8

Mr. Porter sells 10 bottles of champagne per week at a price of $50 per bottle. He can sell 11 bottles per week if he lowers the

price to $45 per bottle. The quantity and the price effects on total revenue would be, respectively:
Business
1 answer:
sergey [27]2 years ago
8 0

Answer:

See below.

Explanation:

Solve for bottles at $50:

10 × 50

$500 per week

Solve for bottles at $45:

11 × 45

$495

Mr. Porter would make more money by sticking with selling 10 bottles a week at $50 each. This is because the latter requires him to sell one extra bottle and he will still lose $5.

You might be interested in
During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan
juin [17]

Answer:

1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.

  • original cost = $9,800
  • accumulated depreciation = $1,020
  • cash received = $5,980

2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?

  • the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.

3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?

  • the cash received ($5,980) should be added to the cash flow from investing activities

Explanation:

equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800

equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020

book value = $9,800 - $1,020 = $8,780

cash received = book value - loss = $8,780 - $2,800 = $5,980

3 0
3 years ago
Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
Mama L [17]

Answer:

Explanation:

Labor Input       Physical output  

    10                              500

     11                               600

     12                              690

     13                              760

     14                               800

marginal output of 11 th labor = 600 - 500 = 100

price of each product = 7

marginal revenue product  of 11 th labor  7 x 100 = 700

B )

price of each of  the goods sold = 10

marginal factor cost of labour = 700

minimum no of goods to be sold to cover the labour cost

= 700 / 10 = 70

no of goods added due to  addition of 11 the labour = 100

no of goods added due to  addition of 12 the labour = 90

no of goods added due to  addition of 13 the labour = 70

so no of units of labor upto which  the firm will continue to hire

= 13 .  

7 0
3 years ago
Which statement is NOT true?
Kisachek [45]

Explanation:

The Answer Is C. That's It

5 0
2 years ago
Workers in contributing to the common good is
Katarina [22]
A worker's success in contributing to the common good is determined by how well one does his or her job. One way is to pay tax contributions properly. Another way is to be proactive and open-minded with regards to work. Lastly, they must also know how to motivate others.
4 0
3 years ago
What are tariffs? What are some of the harmful effects of tariffs?
vodka [1.7K]
A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Sandy uses online banking, and her bank charges her $4.99 per month. However, she has seen ads for a competing bank offering fre
    15·2 answers
  • A variable that likely is incorporated in the error term is A. the variable cost of production. B. the fixed cost of production.
    7·1 answer
  • If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact
    15·1 answer
  • Which of these is not a major characteristic of a plant asset?
    9·1 answer
  • The replacement cost of an inventory item is below the net realizable value and above the net realizable value less a normal pro
    10·1 answer
  • At the end of 2021, Larkspur Co. has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200. On Janua
    10·1 answer
  • Compared to expansionary monetary policies adopted to counteract a recession, expansionary fiscal policies tend to result in
    14·1 answer
  • If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:
    12·1 answer
  • Do you imagine yourself becoming an entrepreneurship and managing your business in the future?
    15·2 answers
  • State for items of information contained in a receipt
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!