Teens and college students would not be able to visit, even though they would have if the price was lower.
Five Banners will get less revenue than it could have from the families, who are willing and able to pay more.
If Five Banners engages in price discrimination, the number of people visiting the park will be more than if they charged everyone the same high monopoly price; and will be the same as the socially optimal number of visitors that would happen in a perfectly competitive market.
Best opposition describes a market structure in which opposition is at its greatest possible stage. To make it extra clean, a market that well-known shows the following characteristics in its shape is stated to show the best opposition: A massive variety of buyers and dealers.
Neoclassical economists claim that perfect competition—a theoretical marketplace structure—would produce exceptional viable financial results for both customers and society. All actual markets exist out of the doors of the suitable competition model because it's far an abstract, theoretical model.
In a monopolistic marketplace, there may be the simplest form that dictates the price and supply levels of goods and services. A wonderfully aggressive marketplace consists of many companies, where nobody firm has market control.
Learn more about perfectly competitive here https://brainly.com/question/25327136
#SPJ4
explain how international tourism could assist in reducing the current sizable u.s. trade deficit. how could it increase the deficit?
The status of tourism is the same as that of a country's trade because it is seen as an invisible export.
A country's trade or exports are equivalent to the number of tourists it receives. Greater tourists bring in more revenue for the country's commerce activities.
For instance, a Chinese traveler to the US will stop at the Grand Canyon, Yellowstone, Alaska, and Niagara Falls, among other locations. He will be demanding a number of things at each of these locations, including hotel accommodations, transportation, meals, and other things he will be purchasing. All of these needs will contribute to the cost of those US manufacturing factors, just like an exporter would.
Tourism thereby reduces the trade deficit by bringing in foreign cash like trade does.
It also works the other way around; take the example of an American tourist who travels to India and spends money there. He will travel with US dollars and make purchases in India just as he would have done if India had been an exporter of goods to the US. Due to increased US purchases of Indian goods, the trade deficit will rise.
Learn more about International tourism at
https://brainly.com/question/28208119?referrer=searchResults
#SPJ4
mike is involved in a severe car accident. mike is rendered unconscious as a result of the accident. an ambulance arrives and drives mike's lifeless body to the er. mike makes a full recovery. four months later, he receives a bill from the ambulance service. mike pays the bill. which best explains his business relationship with the ambulance service?
Mike receives a bill from the ambulance service after an accident. He entered into an implied contract with the ambulance service.
Parties thought a contract existed based on activity, or rejecting the contract's existence would bring undue enrichment to one of the parties, therefore an implied contract, which does not have expressly specified terms, is still deemed to exist. There are two types of implicit contracts: implied-in-fact and implied-in-law contracts.
When promises between parties are inferred from their deliberate actions and one party knows—or at the very least has reason to believe—that the other party would view the action as consent or agreement—an implied-in-fact contract is created.
For instance, if a customer accepts the services of a business or purchases goods from that business, they are responsible for paying the reasonable worth of such goods or services (e.g., barbershop, vending machine). Here, the contract was implied between ambulance service and Mike.
To know more about implied contract:
https://brainly.com/question/19908088
#SPJ4
if a chicago-based company ships goods on september 30 to a customer in hawaii with sales terms fod destination, does the chicago-based company include the inventory or the sale in its september financial statements?
Once the goods are sold to the FOB destination, the cost is removed from the inventory account and expensed only when the goods arrive at the destination. The item was shipped on September 30th and will not arrive at its destination until October. Therefore, the company must have in stock the cost of the goods he sold on September 30th.
Inventory accounting is the branch of accounting that deals with evaluating and accounting for changes in inventories. A company's inventory usually includes goods in his three stages of production: raw materials, work-in-process and salable finished goods.
As an accounting term, inventory is a current asset and refers to all inventory in various stages of production. Warehousing allows both retailers and manufacturers to continue selling or manufacturing items.
Inventory is an asset and is carried on the University's balance sheet. Inventory is physical property, merchandise, or other items for sale held for resale at a later date.
Learn more about Inventory accounting https://brainly.com/question/27046371
#SPJ4
according to michael porter, there are five determinants of competition. an example of is when new entrants to an industry put pressure on prices and profits. a. threat of entry b. rivalry between existing competitors c. pressure from substitute products d. bargaining power of buyers e. bargaining power of suppliers 5 points
A. According to Michael Porter, the theory of entry describes how new competitors exert pressure on pricing and earnings.
On May 23, 1947, Michael Eugene Porter, an American academic known for his theories on economics, business strategy, and social factors, was born. He is one of the founders of both the consulting company The Monitor Group and the social impact consultancy FSG. He is also the Bishop William Lawrence Professor at a university at Harvard Business School.
Porter's theory states that profit comes from power. The size of a company's moat, market share, or both of these variables taken together boosts its capacity to extract profits from competitors, suppliers, and customers.
Learn more about Michael Porter here:
https://brainly.com/question/5325847
#SPJ4
sunny sky paid $30,000 cash for a piece of land to be used for a new corporate headquarters building. the journal entry to record this transaction will include a $30,000 . (check all that apply.) multiple select question. credit to land debit to cash debit to land expense debit to land debit to building credit to cash
Sunny Sky paid $30000 cash for a piece of land to be used for a new corporate headquarters building. The journal entry to record this transaction will include a $30000 Credit to cash and Debit to land.
What is Credit to cash?A corporation can obtain short-term finance using Cash Credits (CC). To put it another way, a cash credit is a brief loan given to a business by a bank. An organisation can use it to withdraw funds from a bank account without maintaining a credit balance. Only loans up to the borrowing limit are permitted from the account.
A short-term business loan known as cash credit is given to companies to maintain their working capital, whereas overdraft facilities are given to companies and people who want to withdraw more money than their available bank account balance.
To learn more about credit to cash visit:
https://brainly.com/question/17439772
#SPJ4
the optimization rule for unconstrained optimization is to select that level of activity at which a. marginal benefit exceeds marginal cost. b. total benefit is equal to total cost. c. total benefit is less than total cost. d. marginal benefit equals marginal cost.
The optimization rule for unconstrained optimization is to select that stage of activity at which marginal benefit equals marginal cost.
What is marginal cost?In economics, marginal cost refers to the change in total cost that occurs when output increases, the cost of producing additional quantity.Depending on the context, it can refer to a unit increase in spending, or it can refer to the percentage change in total cost when spending is increased by a small amount. For each stage and period of production considered, marginal costs include all costs that vary with the stage of production, but fixed costs that do not vary with production.For example, the marginal cost of building a car includes the cost of labor and parts required for additional cars, but excludes the fixed cost of building a factory, which does not change with production. Marginal costs can be either short-term or long-term marginal costs, depending on the size of the chicken. Because in the long run even the size of the building is chosen to match the desired output.To learn more about marginal cost from the given link :
https://brainly.com/question/7781429
#SPJ4
heather agrees to work for noah for one year in his law office. noah writes an employment contract that states that heather is to earn $20 per hour and to work forty hours per week. noah terminates heather's employment after six months. heather sues to recover what she claims are her losses. at trial, both parties discover that the contract says that heather's hourly wage is $0.20. what can heather and noah do about the error?
The correct answer is they can offer parol evidence to clarify the clerical error.
Given that a wage of $20 per hour and forty hours per week were agreed upon, it is clear that a clerical error occurred when the contract was written.
Because the rule of parol evidence governs the types of evidence that can be used to confirm a clerical error and repair it, it can be used to remedy this error.
In actuality, this rule is applied to resolve contractual disputes in order to repair a typing error by establishing the genuine, mutually agreed-upon provisions of the contract.
This parol proof truly protects the integrity of the contract because it forbids any modification of contracts or documents and prevents meaning changes brought on by errors and the like.
To know more about the 'parol evidence' related questions
visit- https://brainly.com/question/28196037
#SPJ4
a decrease in interest rates will question 30 options: 1) be a movement along the investment function relating planned investment to the interest rate. 2) shift the investment function relating planned investment to the interest rate to the right. 3) shift the investment function relating planned investment to the interest rate to the left. 4) have no impact on the investment function relating planned investment to the interest rate.
The ratio of total direct investment to goods produced is known as the investment rate in business statistics. The factors that affect the levels of total investments
What is Investment Function ?A concept or method used in economics known as the "investment function" aims to explain how changes in national income are related to the investment trends that exist within a given country's economy.
An investment is a purchase undertaken with the hope of earning money or increasing capital. The phrase "appreciation" refers to a rise in an asset's worth When someone purchases something, they do not intend to use it for direct consumption, but rather as a tool for generating wealth in the future.
Creating an investment entails using money now in the hopes that it will appreciate later. An investment is the use of capital—such as time, money, effort, etc.—with the expectation of earning a return greater than the initial investment. Any method or tool used to produce future income is referred to as an investment, including bonds, equities, real estate, and alternative investments.
Investments typically don't guarantee an increase in value; you can finish up with less money than you started with, Highly diversified investments can lower risk, but doing so may also lower income potential.
Learn more about Investment Function:
https://brainly.com/question/25893158
#SPJ4
question content area for which of the following businesses would a process cost system be appropriate? a.shampoo manufacturer b.dressmaker c.custom furniture manufacturer d.boat repair service
Shampoo manufacturer is the businesses for which process cost system be appropriate .
What is Process Costing ?
Process costing is a method of accounting that tracks and totals the direct expenses of a manufacturing process and assigns the indirect costs. Products are given costs, typically in a big batch that may cover a month's worth of production. Costs eventually need to be distributed among distinct product units. It is the antithesis of job costing, which seeks to assess the specific costs of production for each unit, and gives average costs to each item.
Process costing, a subset of operation costing, is used to calculate a product's cost at each stage or process of production. Process costing is defined by CIMA as "the costing approach used when products or services are produced via a series of ongoing or recurring operations or processes. Over the units produced over the time, costs are averaged ".
To learn more about Process Costing checkout the link below :
https://brainly.com/question/17129908
#SPJ4
operations management is applicable: group of answer choices to all firms, whether manufacturing or service. mostly to the manufacturing sector. to services exclusively. to the manufacturing sector exclusively. mostly to the service sector.
Operations management is applicable to all firms, whether manufacturing and service.
What is management?Management refers to the management of an organization, such as a corporation, non-profit organization, or government agency.This is the art and science of managing company resources. Management includes the activities of setting an organization's strategy and coordinating people's efforts to achieve goals using available resources such as financial, natural, technological and human resources. His two concepts of "running a business" and "changing a business" are managed to distinguish between the continuous provision of goods and services and the adaptation of goods and services to the changing needs of customers. There are two concepts used. See trends. The term "administrators" can also refer to people who lead an organization, i.e. management.To learn more about management from the given link :
https://brainly.com/question/29023210
#SPJ4
barbara's bakery purchased three new 7-year assets last year. she chose not to use section 179 immediate expensing or take bonus depreciation. the furnishings were purchased for $15,000 in april, the equipment for $6,000 in july, and the appliances for $40,000 in november. what amount of depreciation expense is allowable in the current (second) year of ownership?
The amount of significant improvements you make to the property will raise your basis, whereas the amount of depreciation deductions you claim on your tax return will lower it.
How does depreciation affect the tax basis of an asset?Depreciation lowers the amount of taxes an organization or business pays by tracing the decline in the value of an asset or assets.A company's depreciation expense reduces the amount of earnings on which taxes are based, thus reducing the amount of taxes owed.The depreciation expenses =( $15,000 × 17.85%) + ( $6000 × 10.71%) + ($40000 × 3.57%)
= $2677.50 + $ 642.6 + $ 1428 = $ 4748.
Normally, we use the half-year approach for assets bought throughout the year, but in this case, we utilized the midpoint as the majority of the assets were bought in the final quarter of the year.=Assets purchased in last quarter / Total assets purchased in the year × 100.
= 40000/61000 ×100 = 65.57
= 65.67 (It exceeds 40%).
Therefore, for the seven-year assets that we buy this year, we can utilize the mid-quarter mars depreciation rates.To Learn more About tax return Refer to:
https://brainly.com/question/28108217
#SPJ4
the north american industry classification system (naics) codes a. are for firms that operate in the nafta region. b. group firms by industry. c. are a perfect classification system for firms. d. a and b. e. a and c.
The North American industry classification system (naics) codes are for firms that operate in the NAFTA region as well as group firms by industry.
So, the correct option is D.
In order to categorize commercial enterprises for the purposes of gathering, analyzing, and disseminating statistical data pertaining to the American business economy, federal statistical agencies utilize the North American Industry Classification System (NAICS). As well as regional and international organizations, individual nations have created their own standard industrial codes (SICs).
It evaluates current categorization systems and discusses the development of the North American Free Trade Agreement (NAFTA) Industrial Classification System (NAICS). In order to gather, tabulate, analyze, and disseminate statistical data describing the American economy, the U.S. Census Bureau assigns one NAICS code to each establishment based on that establishment's primary activity.
Learn to know more about NAICS on
https://brainly.com/question/14904505
#SPJ4
juan saved $1,000 from his summer job cleaning pools. which of these account types would work best for him if he doesn't need access to the money for a number of years and wants to earn the highest interest rate? regular savings account money market account checking account certificate of deposit
D. Certificate of Deposit (CD)
A Certificate of Deposit's interest rate ranges from 0.55% to 0.80%.
A Certificate of Deposit (CD) is a straightforward and popular savings option provided by banks and credit unions. When a depositor buys a CD, they agree to leave a certain amount of money at the bank for a set period of time, such as a year. In exchange, the bank promises to pay them a fixed interest rate and to repay their principal at the end of the term.
For example, investing $1,000 in a one-year, 5% certificate would result in receiving $50 in interest plus the $1,000 you initially invested.
A certificate of deposit (CD) is generally insured by the federal government, which means that even if the bank or credit union failed, your principal would almost certainly be repaid.
To learn more about Certificate of Deposit (CD), please refer:
https://brainly.com/question/22438349
#SPJ4
an example of an internal control weakness is to assign the human resource department responsibility for: multiple choice maintaining time cards. hiring personnel. authorizing deductions from pay. interviewing employees for jobs.
An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
What do you mean by internal control weakness and deduction from pay?
Internal control weaknesses are failures in the implementation or performance of internal controls. The company’s system may fail to implement its services efficiently regarding internal control.
The problem may further lead to issues in efficiency, regulatory and overall growth of the company.
Deductions from Pay = In this am employer is allowed to make the following deductions from an employee’s wage: Any deduction required or authorized by law.
Hence, An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
To know more about Internal control weakness from the given link
https://brainly.com/question/17046582
#SPJ4
you're creating a presentation for your company's executive team outlining the importance of data quality. what's one key factor in determining data quality that you might include?
The key factor in determining data quality to include is number of duplicate records.
What is a duplicate record?The term "duplicate record" refers to a copy made from the same matrix, the same impression, a mechanical or electronic rerecording, a chemical reproduction, or an equivalent technique, such as imaging or image processing, that faithfully replicates the original record. Duplicate records are copies of original records, regardless of whether they share the same physical attributes as the original. A duplicate record is a copy of a document that is often kept just for reference or ease of access. No of their physical form, State Documents refer to all data, information, and records maintained by the State, including but not limited to those whose disclosure is required by CORA.
To learn more about duplicate record, visit:
https://brainly.com/question/4907020
#SPJ13
crest, has decided to introduce its 1-hour express whitening strips in four cities and to closely monitor the reactions of consumers to the product and marketing program. crest is going to use:
Disruptive innovation is to closely monitor the reactions of consumers to the product and marketing program .
What is meant by Disruptive innovation ?
The term "disruptive innovation" refers to an innovation that makes formerly exclusive or highly skilled consumers-only high-end or highly complex items or services more widely available and more reasonably priced. Through the displacement of seasoned, well-established rivals, this transition disturbs the market.
Instead than refining or upgrading items for the same target market, disruptive innovation focuses on the technologies that make things accessible to a wider, untargeted market and make them simple to use. Digital music downloads, which have mostly supplanted compact discs, are an example of a disruptive invention (CDs).
To learn more about Disruptive innovation checkout the link below :
https://brainly.com/question/15703392
#SPJ4
company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called .
Company-level goals such as increasing revenue, cutting costs, and maximizing return on investment are called strategic goals.
Strategic goals are the particular financial and non-financial objectives and achievements that a firm intends to attain over a certain time period, often the next three to five years.
As an example, if you want to enter new markets, you might establish a target of entering X, Y, and Z markets by a given date. You might even establish a target of having 15 regional markets by a certain date.
Customer insights, a SWOT analysis, your corporate values, your organization's competitive advantages, specific targets on a quarterly or yearly timeframe, and a high-level project roadmap, if you have one, should all be included in your strategic plan.
To know more about "strategic goals" refer to this link:
https://brainly.com/question/15301818?referrer=searchResults
#SPJ4
what is your opinion of an expat in your office being paid more than you when you are both doing the same job? explain your answer.
The expat package consists of a basic pay, benefits in kind are provided to a potential assignee in exchange for taking on an abroad assignment. Therefore compensated equally when performing same task.
What do you mean by assignment?A duty that you have been given by a higher authority is known as an assignment. To assign is a verb that is used to give duties or jobs to other people, and the word "assignment" is merely the noun form of this verb. An assignment is something that is given to a student.
Describe a work assignment.Assignment for work. means a position or post with clear job requirements that a person is assigned to for a set or flexible time period but is not yet classified as a particular type of work. Work assignment and duty assignment are synonymous.
To know more about assignment visit :
https://brainly.com/question/25875756
#SPJ4
the times interest earned ratio is computed as: multiple choice interest expense times income before interest expense and income taxes. income before interest expense and income taxes divided by interest expense. income before interest expense divided by interest expense. income before income taxes divided by income taxes.
The correct answer is option (c) earnings before interest and tax divided by interest expense.
What is times interest earned ratio?Based on its current income, a company's ability to pay off its debt is gauged using the times interest earned (TIE) ratio. EBIT divided by the total interest due on bonds and other debt is the calculation used to determine a company's TIE number.
An organisation is deemed to be at an acceptable risk from the standpoint of an investor or creditor if its times interest earned ratio is greater than 2.5. Less than 2.5 times interest earned is regarded as being a much higher risk for bankruptcy or default for a company.
To learn more about interest visit:
https://brainly.com/question/27584159
#SPJ4
Which of the following personal property items has the HIGHEST specific limitation on coverage?
The personal property items has the HIGHEST specific limitation on coverage is the "Jewelry, watches, and precious stones or metals".
What Is a Special Limit of Liability in Insurance?In an insurance policy, a special limit of liability refers to the limitation that states the maximum payout for certain items. We should not confused it with the contents and personal property limit on your insurance policy declaration page or the insured value of the dwelling, which is always much higher.
This special limits applies to all kinds of insurance. Whether we have a renters insurance, home insurance, or condo insurance policy, you can expect to find limits hidden within the policy wording that will affect how much money you get paid in a claim. Therefore, the Option B is correct.
Missing options "a. A prized coin collection b. Jewelry, watches, and precious stones or metals c. A canoe you’re storing at the rental property d. An antique rug"
Read more about Limit of Liability
brainly.com/question/28317611
#SPJ1
a company that buys products to use in the production or creation of other goods or services is a(n)
A company that buys products to use in the production or creation of other goods or services is a convenience buyer. A consumer good classified as a convenience good is one that is easily accessible and regularly bought.
A convenience good often does not require a lengthy decision-making process because it is easily accessible. Newspapers and candy are examples of convenience items, as opposed to speciality goods like vehicles, which are more expensive and frequently have higher opportunity costs for the consumer. Convenience product pricing is crucial to ensuring that consumer demand does not decline with the ups and downs of mainstream markets.
To learn more about products, click here.
https://brainly.com/question/22852400
#SPJ4
during the month, southeast plumbing paid $600 to settle warranty claims. southeast uses an estimated warranty account. the journal entry to record the payment would have been:
The journal entry to record the payment would have been debit Estimated warranty payable, $600; credit Cash, $600.
A company may have a warranty policy, under which it commits to customers that it will fix or replace certain types of product damage within a predetermined period of time after the sale. The business should accrue an expense that reflects the cost of these anticipated claims if it can reasonably estimate the number of warranty claims that are likely to be made under the policy.
The accrual must occur during the exact same reporting period that the related product sales are recorded. By doing this, the financial statements show all costs related to product sales in the most accurate way possible, revealing the true profitability of those sales.
If management changes the warranty's coverage period, this will affect the expense for warranties for sales made both in the current period and in previous periods whose warranties have since been extended into the current period.
The cost of warranty claims might not be recognized for several months after the related sales if they were instead only recognized when the business actually processes claims from customers. For the duration of the warranty period, the financial reporting using this strategy would produce abnormally high initial profits followed by depressed profits in later months.
Learn more about Warranty claims, here
https://brainly.com/question/17041898
#SPJ4
native american homeowners were much more likely than blacks to receive loans with unfavorable conditions such as prepayment penalties and high interest rates. true false
It is false that native american homeowners were much more likely than blacks to receive loans with unfavorable conditions.
Any member of the indigenous peoples of the Western Hemisphere is referred to as a Native American, also known as an American Indian, Amerindian, Amerind, Indian, aboriginal American, or First Nation person.
However, the term is frequently used to refer only to those groups whose original homelands were in what is now Canada and the United States. While some original American tribes were agricultural peoples, many of them were hunting and gathering societies.
In addition to a wide range of semidomesticated species of nut- and seed-bearing plants, American Indians domesticated a wide range of plants and animals, including corn (maize), beans, squash, potatoes and other tubers, turkeys, llamas, and alpacas.
To know more about Native Americans:
https://brainly.com/question/13794240
#SPJ4
assume that a client was involved in a $1,000,000 fraud and that the cpa's percentage of responsibility established at 25%, while the company itself was responsible for the other 75%. under which approach to liability is the cpa most likely to avoid liability entirely?
Under contributory negligence is the CPA most likely to avoid liability entirely.
By saying that the company itself was involved majorly in the fraud the auditor can save himself. He can say for example that the company knew about the fraud but still didn't care to take preventive measures. The auditor must prove that the company had a duty to take certain precautions, that they failed to do so, and that this failure contributed to their downfall and involvement in different scams and fraud and should be penalized.
To learn more about different liability and negligence,
https://brainly.com/question/28457117
#SPJ4
as chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. you know that his administrative assistant often checks his email and there is confidential information in the report that his assistant should not be able to access. how could you send the report without worrying about someone else accessing it?
Using encryption, he sent the report without being concerned that someone else would read its contents.
What do security and encryption entail?Data is converted from a readable format into an encoded format by encryption in the context of cyber security. Only after it has been decrypted can encrypted data be read or processed. The fundamental cornerstone of data security is encryption.Data can be encrypted in order to make it unintelligible to anybody but the intended recipients. In technical words, it is the process of transforming plaintext that can be read by humans into ciphertext, or unintelligible text.Symmetric and asymmetric encryption are the two forms of encryption that are currently in use. The name is based on whether the same key is employed during encryption and decryption.To learn more about Encryption refer to:
https://brainly.com/question/20709892
#SPJ4
frank and laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. frank and laura's role is that of a(n) . a.) controller b.) shareholder c.) auditor d.) investor
Frank and Laura dedicated $250,000 to one of their clients, hoping to receive returns in addition to that $250,000. Frank and Laura's role is that of an investor.
A client investor is an individual or organization that is dedicated to provide capital to a business in exchange for financial gain. Client investors typically seek opportunities with a high potential return on investment, and they are often willing to take on more risk than other types of investors.
An investors often work closely with the businesses they invest in, their role is to provide advice and guidance on a variety of topics, from strategic planning to day-to-day operations.
Hence, the correct option is (D) Investor.
To know more about clients, click here.
https://brainly.com/question/17355548
#SPJ4
The average price for a world series ticket in philadelphia has skyrocketed to more than?.
World Series tickets in Philadelphia value over $3,000 each—the second-highest worth during a decade. Rhys Hoskins of the Philadelphia Phillies reacts once defeating the city Padres.
In game 5 to win the National League Championship Series at voters Bank Park on Oct twenty-three, 2022, in Philadelphia, Pennsylvania.
Demand for playoff tickets in Philadelphia has driven their value to a historic high. The average worth of game tickets at voters Bank Park is among the best in major Baseball history.
Consistent with the Delaware News Journal, tickets to Philadelphia Phillies home games in their playoff tilt with the Houston Astros have reached a median value of over $3,200, the second-highest total in baseball history.
To learn more about World Series Ticket, visit here
https://brainly.com/question/17124795
#SPJ4
ask your teacher practice another the manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month. a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. what rent (in dollars per month) should the manager charge to maximize revenue?
If a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue will be $1,000.
x = $10 increases
Price=$900+10x
Quantity=100-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(900+10x) (100-x)
The second step is to maximize the revenue
R(x)=90,000 +200x-10x²
The third step is to find the derivative and set it to zero
R(x)=200-20x
0=200-20x
20x=200
Divide both sides by 20x
x=200/20
x=10
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$900+10x
Price=$900+10(10)
Price=$900+$100
Price=$1,000
marketplace survey is the survey studies and evaluation of the marketplace for a selected product/carrier which incorporates the research into patron dispositions. An observation of diverse consumer abilities consisting of investment attributes and buying potential.
Surveys are used to accumulate or advantage understanding in fields along with social studies and demography. Survey studies are often used to assess thoughts, opinions, and feelings. Surveys can be specific and constrained, or they could have more fantastic worldwide, good-sized dreams.
The survey technique is the exercise of collecting records for observation by way of asking human questions associated with your research. generally, researchers survey humans who've unique knowledge, insights, or studies related to the study.
market research is a prepared effort to gather data approximately goal markets and clients: know approximately them, beginning with who they may be. it is an important factor in business approach and a primary factor in preserving competitiveness.
To learn more about the market survey visit here:
brainly.com/question/13532910
#SPJ4
a(n) involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
An executive interview involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
What is interview ?Usually a formal consultation to assess eligibility: a meeting to obtain information from people(reporters, television commentators, pollsters, etc.). : Reporting or presenting information so obtained. A successful interview allows the employer to determine whether the applicant's skills, experience and personality match the requirements of the position. It also helps employers assess whether an applicant is a potential fit for the company culture. Interview Skills are emotional and tactical techniques that help job seekers interview for new jobs more effectively.These skills must be mastered, as well as the technical and workplace skills necessary to perform well in a position.To learn more about interview from the given link :
https://brainly.com/question/15128068
#SPJ4
on december 1, victoria company signed a 90-day, 4% note payable, with a face value of $10,200. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.) multiple choice $102 $0 $408 $68 $34
Principal amount = $10,200
Rate of Interest = 4%
Time period = 90 days
Therefore,
Amount of interest expense accrued =
= Principal * Rate of interest * Time period
= $10,200 * 0.04 * 90/360 [ given to use 360 days a year ]
= $408 * 90/360
= $102
Notes payable are long term and short term liabilities, depending on it's due date, that indicates the amount a company owes to it's creditors. For example loan from bank or friends or suppliers.
Long term = payable beyond 12 months, usually within 5 years
Short term = payable within 12 months.
To know more about notes payable visit:
https://brainly.com/question/16014049
#SPJ4
