Answer:
See Explanation
Explanation:
Given
The histogram
Required
The class width
The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram
The class width is:
Using the first class, as reference:
So, the class width is:
Answer: Wages are flexible if the economy is self-regulating.
Explanation:
Classical economists believe that the economy is self-regulating. This means that if the economy is not at equilibrium, it will return to equilibrium if it is left without interference.
For this to happen, inputs such as wages have to flexible to enable them to adjust to market conditions and thus take the Economy back to equilibrium.
For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.
Answer:
Estimated manufacturing overhead rate= $3 per machine hour
Explanation:
Giving the following information:
Machine Hours Per Unit:
Rings= 6 (1,000 units)
Dings= 11 (2,040 units)
All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour
Answer:
AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)
In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40
=9750
In 6 years the complex has depreciated for $58,500
So the current value of the apartment complex would be (490,000-58500)
The current value of the apartment complex is $431500
Explanation:
992 candy bars must be sold to maximize revenue.
<h3>
What is revenue?</h3>
- The total amount of income generated by the sale of goods and services related to the primary operations of the business is referred to as revenue in accounting.
- Commercial revenue is also known as sales or turnover.
- Some businesses make money by charging interest, royalties, or other fees.
To find how many candy bars must be sold to maximize revenue:
The price of a candy bar is determined by the quantity sold:
- p(x) = 124 - (x/16) where x is in 1000s.
If the candy bar's price is p(x), the revenue function is:
- R(x) = p(x) · x = 124 · x - x²/16
Find the solution of R'(x) = 0 to maximize R(x):
- R'(x) = 124 - x/8
- 124 - x/8 = 0
- x = 992
Therefore, 992 candy bars must be sold to maximize revenue.
Know more about revenue here:
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The correct question is given below:
If the price of a candy bar is p(x) cents then x thousand candy bars are sold. The price p(x) = 124-(x/16). How many candy bars must be sold to maximize revenue?
