Answer:
$9,555
Explanation:
As for the trend provided, the year 3 Sales will also be $40,000
Cost of goods sold will be $25,000
gross margin = $15,000
Operating expenses are decreasing with time by 
Thus, it will decrease with the same trend = $7,000 - 22.22% = $5,445
Rounded off
Therefore, net income = $15,000 - $5,445 = $9,555
Note: Gain on sale of land is one time event and not permanent, thus it will not be considered as part of trend.
The following equation of parabola is given:
p(x)= - 5 x^2 + 240 x - 2475
where p(x) = y
This is a standard form of the parabola. We need to
convert this into vertex form of equation. The equation must be in the form:
y – k = a (x – h)^2
Where h and k are the vertex of the parabola. Therefore,
y = - 5 x^2 + 240 x - 2475
y = -5 (x^2 – 48 x + 495)
Completing the square:
y = -5 (x^2 - 48 x + 495 + _) - (-5)* _
Where the value in the blank _ is = -b/2
Since b = -48 therefore,
y = -5 (x^2 – 48 x + 495 + 81) + 405
y – 405 = -5 (x^2 – 48 x + 576)
y – 405 = -5 (x – 24)^2
Therefore the vertex is at points (24, 405).
The company should make 24 tables per day to attain maximum
profit.
Answer:
So unit elastic at q = 5
inelastic above 5
and elastic below 5
Explanation:
The elasticity is determianted by the marginal revenue.
Our first goal is to find the marginal revenue function
p = 40 - 4q
total revenue(TR) = quantity times price
q x (40 - 4q) = -4q^2 +40q
marginal revenue TR(q)/d(q) = -8q + 40
Now, with this fuction the economic analisys states that a demand is unit elastic when marginal revenue is zero.
It will be inelastic below zero and elastic above zero
MR will be zero when q = 5
-8(5) + 40 = 0
As quantity increases the demand will be inelastic
while
Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.
Explanation: Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.
A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.
<em><u>If I had any advice for DreamWorks Classics, it would be to insist on adopting the 'organic' approach for internationalising Postman Pat.</u></em>
Explanation to the following is as follows;
Postman Pat chronicles the exploits of Pat Clifton, a postal worker for the Royal Mail in the imaginary community of Greendale. This product image is firmly ingrained in British habits and culture; therefore, it is unlikely that Postman Pat would have succeeded if they had followed the ‘born global' path when launching this cartoon.
