Variance Analysis reviews the differences (or variance) between the planned and actual performance. This can be of the project schedule, cost, other technical performances, or other data analysis.
A technical, in expert army parlance regularly known as a non-preferred tactical car (NSTV), is a light improvised combating car, commonly an open-subsidized civilian pickup truck or four-wheel power automobile, mounting a device gun, anti-aircraft autocannon, rotary cannon, anti-tank weapon, anti-tank gun, ATGM, mortar, more than one rocket launcher, recoilless rifle or different support weapon (fairly like a mild military gun truck or probably even a self-propelled gun). The neologism technical describing this type of automobile is believed to have originated in Somalia during the Somali Civil struggle within the early Nineteen Nineties.
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there is no association between merit raises and employee motivation. question 3 options: true false
There is a positive relationship between merit raises and employee motivation.
How effectively do merit raises motivate?Bonuses and raises frequently only give employees short-term motivation. The majority of people are not motivated merely by their ability to earn money to go to work. However, the manner in which raises are given frequently affects their capacity to encourage employees. On the other hand, raises do frequently motivate workers. Their effectiveness is also impacted by other elements, some of which are unrelated to money. Raises can be a powerful motivation for workers, but they must be understood as a reward for superior performance by the recipients. Better performance must be directly correlated with increased remuneration.
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Sheep keds were introduced into the U.S. during the _________s. (us numerals for the year we talked about during lecture).
'Sheep keds were introduced into the U.S. during the 1400s. (us numerals for the year we talked about during lecture).
The American brand was launched in 1916 and was originally going to be called "Peds" after the Latin word for foot. Realizing that the word had already been trademarked, the company settled on the name Keds
They specialize in creating simple, cute styles that are both comfortable and affordable. The canvas upper and rubber sole design was one of her first choices to give women a stylish shoe that allows them to be who they want to be and go wherever they want.
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new ventures may find it difficult to use differentiation strategies successfully because they lack
New ventures may find it difficult to use differentiation strategies successfully because they lack sufficient funding and superior innovation
Traditional companies vs New companiesTraditional companies have comprehensive compensation, made up of a gross base salary with full contribution and benefits above the law such as savings fund, food vouchers, insurance for major medical expenses and vacation days.New companies do not have a competitive benefits package and have strict financial management. For these same reasons, their nominal salary is low and is compensated via productivity bonuses or fee schemes with low social security contributions, which allows them to have a higher net salary.For more about tips to boost your company here https://brainly.ph/question/1116136
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What are the 8 steps to starting a business?.
The 8 steps to starting a business :
Create a Workable Concept. Every successful business had a fantastic concept at its foundation.A business plan should be written.Set a budget and plan for your finances.Choose a structure choose a location & establish a business presence develop a brand assemble a team launch your small enterprise.What makes a business successful?According to John Stevenson, marketing consultant of My GRE Exam Preparation, "a strong client focus is one element successful organizations have in common." "They develop a company culture that is based on their clients, and they concentrate their procedures, goods, and services around their need for services.Whatever the field, entrepreneurship is a challenging but rewarding professional path. While various types of organisations could define success differently, flourishing firms tend to have certain traits or behaviours.Elmardi continued, "We can't all have the lowest pricing, but you can definitely draw attention to other benefits. "There are innumerable methods to make your firm distinct from your opponent, from [identifying] unique goods/offerings, to [engaging] industry experts to add to your customer service, to [implementing] loyalty programmes."Learn more about start up business refer to :
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your roommate is considering purchasing cryptocurrency, as they believe it can be used in place of money. what roles would cryptocurrency need to satisfy in order to be considered and effective type of money?
If your roommate is considering purchasing cryptocurrency, as they believe it can be used in place of money. The roles that cryptocurrency would need to satisfy in order to be considered and effective type of money is: Store of value.
What store of value?A store of value can be defined as the something of value that can be saved which inturn can help to add more value to someone after been exchanged. This implies that the assets store does not depreciate or wear out but instead it help to add value to the owner of it.
Example of store of value is money based on the fact that money has a store of value because it is an asset that a person can invest as well as store in the bank or financial institution
This money store can be retain it buying power power as it can be used to purchased or buy things in the future.
Therefore the correct option is C.
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The complete question is:
your roommate is considering purchasing cryptocurrency, as they believe it can be used in place of money. what roles would cryptocurrency need to satisfy in order to be considered and effective type of money?
backed by a commodity
have a physical presence
store of value
unit of account
medium of exchange
funds that invest in real estate and mortgages are known as question content area bottom part 1 a. reits. b. hedge funds. c. limited partnerships. d. capital appreciation funds.
Option B is correct. loan fund is a believe entity operated by using a fund supervisor who invests in real estate mortgages.
The fund raises cash by means of promoting units in the entity, and that money is lent out as loans to a range of borrowers who refinance, buy, and increase properties.
Are hedge funds investing in real estate?Lately, hedge fund managers lately have been including actual property to their lists of nontraditional investments. Of all the hedge funds in operation, roughly forty of them closely make investments in actual estate, giving them the identify of "real property hedge funds."
What is a personal loan fund?A type of funding fund where investors' money is on lent (as loan loans) to a range of debtors who use the cash to buy or increase properties. It might also be used for other investments (for example, investing in other mortgage funds). In return the fund manager guarantees to pay traders a regular income.
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https://brainly.com/question/29381559#SPJ4the common stock of moore inc. is expected to lose 6% in a recession, earn 8% in a normal economy, and earn 15% in a booming economy. the probability of a boom is 5 percent while the probability of a recession is 45 percent. what is the expected return on this stock?
Expected[Returns]=0.0745
What is Recession?
A recession is a recession in which there is a general decline in economic activity. A recession generally occurs when spending is widespread.
What is Booming Economy?
Booming economy are often brief periods of rapid real GDP growth leading to lower unemployment, faster inflation, and higher asset prices.
Solution:
Given in the question,
(Note: To convert percentage to decimal divide it by 100.)
Recession=will loose 6%, converting to decimal=0.06
Normal Economy=will earn 8%, converting to decimal=0.08
Booming Economy=will earn 15%, converting to decimal=0.15
Probability of Recession=45%, converting to decimal=0.45
Probability of Normal economy=50%, converting to decimal=0.5
Probability of Booming Economy=5%, converting to decimal=0.05
Now to calculate the expected return we will use the following Formula
Multiplying elements in with their respected phase of market we get,
Expected[Returns]=(0.06x0.45)+(0.08x0.5)+(0.15x0.05)
Expected[Returns]=0.0745
Hence, the return E[R] is 0.0745
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$7,300 is invested at 5.9% compounded continuously. how long will it take for the balance to reach $11,000? round your answer to two decimal places.
It will take nearly 11 years for the balance to reach $11,000.
What is balance ?A state of balance or equilibrium; an even distribution of weight, volume, etc. that is used to establish balance.Counter weight. Mental stability or emotional stability; accustomed to calm demeanor, judgment, etc. State of physical balance: I lost my balance and fell down the stairs.For example, everyday activities such as walking, climbing stairs, and straightening from a seated position all require balance.In the business world, the term means the point at which "cost of product" and "expenses" equal the total income of the business. That is, the point at which there is no loss and no net profit.Account balance is the total amount available in a financial account after all debits and credits have been calculated.It can also refer to the total amount paid by a person or organization to a third party Service Providers must pay.To learn more about balance from the given link :
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Find the cost function if the marginal cost function is x and the fixed cost is $.
The cost function is C(x) = 2x^2 - 9x + 9 as per the given marginal cost and the fixed cost
The effectiveness of a machine learning model for a set of data is measured by the cost function. The cost function quantifies the discrepancy between the expected and predicted values and displays it as a single real number. Cost functions can be created in a variety of ways, depending on the issue at hand.
Given C'(x) = 4x - 9
Fixed cost = $9
In order to find the total cost function, we integrate C'(x) i.e. the marginal cost function:
∫C'(x) dx = ∫(4x - 9)dx
C'(x) = 4x^2/2 - 9x + C
C(x) = 4x^2 - 9x + C
According to the question:
C(0) = 2(0)^2 - 9*0 + C = 9
C = 9
C(x) = 2x^2 - 9x + 9
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The cost function when the marginal cost function is x and the fixed cost is $ is C(x) = (1/2)x^2 + $.
To find the cost function when given the marginal cost function of x and a fixed cost of $, we need to integrate the marginal cost function to obtain the total cost function.
Let's call the total cost function C(x). We know that the marginal cost function is the derivative of the total cost function with respect to x, so we can write:
MC(x) = dC(x)/dx = x
Integrating both sides with respect to x gives:
C(x) = ∫x dx + $ (the constant of integration is the fixed cost)
C(x) = (1/2)x^2 + $
Therefore, the cost function when the marginal cost function is x and the fixed cost is $ is C(x) = (1/2)x^2 + $.
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What is the first step to take after writing a business plan?.
The first step to take after writing a business plan is to create an executive summary.
What is business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
The official corporate goals are stated in a business plan, along with the tasks that must be completed to achieve those lofty objectives. It also outlines potential or suggested financial strategies.
Making an executive summary is the first thing to do after completing a business plan. It demonstrates the value of your company while selling it. A high-level explanation of your plan and business model should be included in your pitch as a supplement.
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Spice World Corporation purchased for $180,000 cash the following assets: land with a fair value of $60,000, a building with a fair value of $90,000, equipment with a fair value of $35,000 and inventory with a fair value of $15,000.
Prepare the appropriate journal entry for Spice World’s purchase.
The journal entry for the purchase by Spice World, given the value of the assets acquired is,
Date Account title Debit Credit
XX- XX Land $54, 000
Building $81, 000
Equipment $ 31, 500
Inventory $ 13, 500
Cash $180, 000
How to record the purchase?Spice World paid a total of $180, 000 for all the assets that it acquired. Because this was a merged purchased, there is a need to find the value of the individual assets, by using their fair value.
The value of an asset would be found by:
= Fair value of asset / Total fair value x Total amount paid by Spice World
The value of Land is:
= 60, 000 / 200, 000 x 180, 000
= $ 54, 000
Value of Building:
= 90, 000 / 200, 000 x 180, 000
= $ 81, 000
Value of Equipment :
= 35, 000 / 200, 000 x 180, 000
= $ 31, 500
Value of inventory:
= 15, 000 / 200, 000 x 180, 000
= $ 13, 500
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post and kellogg's both manufacture breakfast cereals. both products have been in the market for nearly 100 years and spend much of their marketing budgets on short-term promotions to steal market share from each other. post and kellogg's are in which stage of the product life cycle?
Maturity stage. The maturity stage is characterized by market saturation and heavy promotion to battle fierce competition.
opposition is a rivalry where or greater events try for a not unusual intention that cannot be shared: where one's benefit is the opposite's loss (an example of that's a zero-sum game).[1] opposition can stand up between entities consisting of organisms, people, financial and social groups, and so forth. The competition can be over the attainment of any specific aim, inclusive of popularity: competition occurs in nature, among dwelling organisms that co-exist within the equal surroundings. Animals compete over water components, food, friends, and different biological resources.
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Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Monopoly profit will increase when a monopolist goes from single-price monopoly to perfect price discrimination, because then the monopolist can charge maximum price a consumer can pay for the same product.
What is discriminating monopoly?When a monopolist can charge different prices for the same product for different customers based on their paying capacity, age, gender and some other distinguishing criteria, it becomes discriminating monopoly. This is possible when a single firm alone produces a particular good, hence it can control the good’s price as it wishes.
For example, X firm makes a product which is not made by any other firm, so it is a monopoly. Since there are no other similar products in the market for comparison, so the firm fixes the price of the product as much as it wants. The firm also sells the same product at higher price to rich customers and at lower price to middle-class customers and by doing so the firm makes more profits.
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an is auditor is reviewing access controls for a manufacturing organization. during the review, the is auditor discovers that data owners have the ability to change access controls for a low-risk application. the best course of action for the is auditor is to:
Document the finding as a potential risk. Documenting the finding as a potential risk is the best course of action for the auditor to change access controls for low-risk applications.
Audit findings are part of a performance audit process where this section contains the main messages that the auditor wants to convey to the reader of the report and is the main reason for making the report. Audit findings are the final conclusion of audit activities, namely the auditor conducts an examination by collecting audit evidence (audit evidence collection) and then conducting an analysis/evaluation of audit evidence (audit evidence evaluation). This paper will discuss the definition of audit findings, the nature of audit findings, standards audit, suggestions for improvement, audit findings that can be reported, approaches to construct findings, and others.
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marcoux thinks that stakeholder theory is not as bad as some forms of corporate responsibility theory. why? group of answer choices stakeholder theory suggests moral codes that are voluntary, not legally enforced. stakeholder theory still gives some importance to the interests of the larger community. stakeholder theory lets businesses consider the interests of employees and suppliers. stakeholder theory aims to improve capitalism without overthrowing it. stakeholder theory allows businesses to still pursue profit.
The reason Marcoux considered Stakeholder theory better than other forms of corporate responsibility theories is that it aims to improve capitalism without overthrowing it.
The foundation of the stakeholder theory is the idea that organizations can only be deemed successful if they provide value to the majority of their stakeholders. It complements CSR (Corporate Social Responsibility) and, by extension, sustainability. This indicates that value creation is not solely about money and that profit cannot be the only metric of a business's success.
There are financial benefits to applying stakeholder theory-
greater productivity through happier workersincreased customer referrals and retentioninvestment growth from content financiersimproved talent acquisition due to a favorable reputation in the neighborhood.To know more about Corporate Social Responsibility click here,
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which of the following is the purpose of omnichannel commerce? which of the following is the purpose of omnichannel commerce? to keep a running total on sales, returns, and transfers to other stores to allow customers to automatically pay for items without cash or a credit card to provide a seamless shopping experience for customers across shopping locations to automatically reorder products when inventories decline to a certain level to deliver promotions and rewards to customers as they shop in a physical retail space
The purpose of omnichannel commerce is to provide a seamless shopping experience for customers across shopping locations.
Omnichannel retail (or omnichannel commerce) is a multichannel sales approach that focuses on providing seamless customer experiences, whether the customer is shopping online from a mobile device, on a laptop, or in a physical store.
Omnichannel retail is a retail strategy in which retailers interact with customers through a variety of digital and physical touchpoints. As customers move through these channels, applications and data follow. This results in a consistent, on-brand experience from beginning to end.
An omnichannel retail strategy enhances the customer experience and expands the number of channels for customer purchases, whether on mobile, the web, or in-store.
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the nominal interest rate is 5 percent and the inflation rate is 2 percent. what is the real interest rate? question 20 options: 7 percent 2.5 percent 10 percent 3 percent
Real interest rates are anticipated to be 3% if anticipated inflation is 2%.
What is mean by inflation?
Even though it is straightforward to monitor price changes with time for only certain products, human requirements go well beyond one or two things. People need a wide variety of goods and services in order to live comfortably. These include goods and services like labour, amusement, as well as health care as well as commodities such as food grains, metals, and fuel. They also include utilities like power as well as transportation. Finding the overall impact of changes throughout price for a range of goods and services is the goal of measuring inflation. It makes it possible to represent this same rise in prices for goods and services placed above a white time inside an economy with a single value.
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Do purchases over 10000 get reported?.
If the purchase is exceed $10,000, then it will definitely get reported.
Purchase:
Purchases refers the acquisition of goods or services in exchange for a payment of some kind.
Given,
Here we need to find if purchases over 10000 get reported.
As per the concept of accounting, Once the dealership receives cash exceeding $10,000, then the Form 8300 must be filed. Because, the deal not going through may in fact be an attempt to launder illegal funds.
Whereas If $10,000 or less was received by the dealer and the deal was cancelled, then the dealer may voluntarily file a Form 8300 if the transaction appears suspicious.
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you have $1,000 to make investments, which will allocate $350 in stock x, $200 in stock y, and the rest in stock z. the expected returns of these stocks are 8 percent, 16 percent, and 10 percent, respectively. what is the expected return of the portfolio?
The expected return of the portfolio is $85.
How to calculate expected return from investments?The amount invested in
Stock x = $350
Stock y = $200
Stock Z = Total investment – (Stock x + Stock y)
= 1000 – (350 + 200) = 450
Therefore, the amount invested in Stock z will be $450
Expected returns from stock = amount invested in Stock x Expected returns (%)
Therefore,
Expected returns from Stock x = 350 × [tex]\frac{8}{100}[/tex] = 28
Expected returns from Stock y = 200 × [tex]\frac{16}{100}[/tex] = 32
Expected returns from Stock z = 450 × [tex]\frac{10}{100}[/tex] = 45
The expected returns from stock x, y and z are $28, $32 and $45 respectively.
The expected return of the portfolio = 28 + 32 + 45 = 85
The expected return of the portfolio is $85 (from all the three stocks).
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if currency is $300, deposit is $1,200, the required reserve ratio is 0.07, the money multiplier and the base money are (put respectively):
The system for the money multiplier is Money Multiplier = 1 / Reserve Ratio. The cash multiplier is the reciprocal of the reserve ratio
What is the method for the cash multiplier?A one-dollar enlarge in the financial base motives the money grant to amplify with the resource of greater than one dollar. The make higher in the cash supply is the money multiplier. Money is either foreign money held through the public or economic organization deposits: M =C+D.
What is reserve cash formula?Reserve cash (M0) = Currency in Circulation + Bankers' Deposits with RBI + 'Other' Deposits with RBI. Among these components, the most essential one is forex in circulation. It consists of notes in circulation, rupee cash and small coins.
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https://brainly.com/question/14182201#SPJ4A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale? assume that the tax rate is 40%.
The book value of the machine is $20,000 at the moment. The tax implication from the sale is 12,000.00
Tax implication from the sale = ($50000 - $20000)*40%
Tax implication from the sale = $30,000 * 40%
Tax implication from the sale = 12,000
Now, as there is a lot of capital gain, so that means the enterprise will have to pay taxes of 12,000.
The book value of a employer is the internet distinction among that agency's overall property and overall liabilities, wherein ebook price displays the full fee of a business enterprise's property that shareholders of that enterprise could get hold of if the agency were to be liquidated.
Book value is the price of an asset consistent with its balance sheet account balance. For property, the value is based at the unique value of the asset less any depreciation, amortization or impairment expenses made towards the asset.
The book value offers you a honest concept of what the organisation is really worth, in economic phrases. It indicates the quantity that you stand to get, in case of a organisation's liquidation. If the ebook fee of a employer is higher than its marketplace cost, it manner that its stock rate is undervalued. that is a fundamental guideline of fee investing.
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jay's limo services, inc. paid $300 cash to employees for work performed in the current period. which of the following general journal entries will jay's limo services, inc. make to record this transaction?
In a situation where Jay's Limo Services, Inc. pays $300 to its employees for their current work, the journal entry for the transaction will have a debit to the Salary Expenses Accounts and a credit to the Cash Accounts of the firm. Therefore, the option E holds true.
A journal entry can be referred to or considered as the process of maintaining chronological accounting records of a firm during a particular period of its accounting and regular course of operations. Each journal entry has an equal debit and credit effect.
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The complete question has been attached as an image below for better reference.
Companies like Tiffany go to great lengths to protect themselves through the use of trademarks and copyrights. This best represents which of the following advantages of branding? -Brands facilitate purchases. -Brands establish loyalty. -Brands protect from competition. --Brands can reduce marketing costs. -Brands are assets.
-Brands are assets.
Answer:
E. Brands are assets
Explanation:
Brands are assets (E) on Edge
What are some of the benefits of planning ahead and being prepared?.
Planning ahead allows you to know your personal desires and can save your family from making difficult decisions during times of extreme stress or grief.
Advanced Planning ahead allows you to know your personal needs and can protect your family from difficult decisions during times of extreme stress and grief. By planning ahead, you can carefully consider all decisions and discuss them with your family.
Why is it important to plan ahead in business?According to the Management Study Guide, plans help companies identify their goals. Preparing for the future allows leaders to consider the impact they want to have on their organization and identify a path to get there.
What are the benefits of planning in your daily life?Planning helps us direct and redirect our own and others' futures for an efficient standard of living. For example, what would you do if you needed money immediately in the future? That's why most people save money so that they can face the end with confidence. Therefore, planning is essential to survive life.
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zytel corporation produces cleaning compounds and solutions for industrial and household use. while most of its products are processed independently, a few are related. grit 337, a coarse cleaning powder with many industrial uses, costs $3.00 a pound to make and sells for $4.20 a pound. a small portion of the annual production of this product is retained for further processing in the mixing department, where it is combined with several other ingredients to form a paste, which is marketed as a silver polish selling for $5.70 per jar. this further processing requires 1/4 pound of grit 337 per jar. costs of other ingredients, labor, and variable overhead associated with this further processing amount to $2.10 per jar. variable selling costs are $0.50 per jar. if the decision were made to cease production of the silver polish, $8,700 of mixing department fixed costs could be avoided. zytel has limited production capacity for grit 337, but unlimited demand for the cleaning powder. required: calculate the minimum number of jars of silver polish that would have to be sold to justify further processing of grit 337.
The breakeven point for Zytel Corporation based on the information is 5419 units.
How to calculate the breakeven point?Sales revenue per jar of silver polish 5.00
Sales revenue lost for 1/4 pound of Grit 337 ($4.20/4) (1.05)
Net sales revenue per jar of silver polish 3.95
Less: Variable processing costs (2.20)
Variable selling costs (0.20)
Contribution margin 1.55
Breakeven point = Fixed expense / Contribution margin
= $8,400 / 1.55 = 5,419 units
The point of indifference is 5,419 jars.I In this case, of more than 5,419 jars of silver polish can be sold, then Zytel should further process the Grit 337 into the silver polish.
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nicholas purchased 150 shares of abc mutual fund at $10.50 and sold them one year later at a price of $14.50. his total capital gain was:
A mutual fund known as a load fund requires investors to pay a commission each time they sell or buy shares.
Normally, you should contribute something like $250 to open a shared asset account. The payments made to a fund's shareholders as a result of the sale of securities in the fund's portfolio are known as capital gain distributions.
When shares are purchased, which class of shares charges a commission?
Shares in Class A with front-end loads. At first, the majority of load fund companies only offered front-end loaded shares. Class A shares are the designation used by the majority of fund companies that sell front-end load shares. When investors purchase these shares for the first time, they are charged a sales fee.
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Which of the following is probably the most important situational variable with respect to search behavior?temporal perspectivetask definitionphysical surroundingsantecedent statesocial surrounding
The most important situational variable as with search behaviour is the temporal perspective
Situational effects are ephemeral occurrences that affect how customers respond, deciding whether they readily buy the firm's goods, buy other products, or make no purchases at all. They consist of elements like the buyer's mood and behavior the purchase's purpose and time-related, social, and physical aspects.
The purchasing traits that relate to time and search behavior are referred to as having a temporal viewpoint. Customers are given a set period of time to buy a product, but they are not given this time to read product reviews. For instance, the amount of purchases made and the store one chooses during a grocery shopping trip will depend on the amount of time available.
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when experiencing (fill in the blank) amnesia, you experience loss of memory for events that occurred prior to the trauma. when experiencing (fill in the blank) amnesia, you cannot remember new information.
Amnesia is a condition when a person cannot recall memories, essential milestones, people in their lives, and/or events that happened before the causing trauma.
There are several types of amnesia:
Anterograde amnesia: when a person cannot form new memories after a brain injury or traumatic event. Retrograde amnesia is when a person cannot remember memories before a traumatic event.Traumatic amnesia: when a person temporarily loses memories because of an injury to the head. This condition is usually temporary, but the duration may vary from one case to another.Alcohol-induced amnesia: when a person experiences gaps in memories caused by heavy drinking.Prosopamnesia: when a person has difficulty remembering faces.Therefore, based on the explanation above,
When experiencing retrograde amnesia, you experience loss of memory for events that occurred prior to the trauma. When experiencing anterograde amnesia, you cannot remember new information.
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Which of the following situations requires a downward adjustment (subtracting) from Net Income when using the indirect method of preparing the operating portion of the SCF?
a) You made a gain on the sale of property
b) Some of your COGS was depreciation and amortized expenses
c) You have some of your payments to your suppliers remains in accounts payable
d) None of the above
a
The situations requires a downward adjustment (subtracting) from Net Income when using the indirect method of preparing the operating portion of the SCF is the gains and losses affect net income but don't involve cash flow.
Indirect method:
In accounting, indirect method is the method used in financial reporting in which the statement of cash flows begins with the net income before it is adjusted for the cash operating activities before an ending cash balance is achieved.
Given,
Here we need to find the situations requires a downward adjustment (subtracting) from Net Income when using the indirect method of preparing the operating portion of the SCF.
As per the indirect method, We know that the gross sales price is already accounted for in the investing cash flows section.
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A hot dog vendor at a local fair averages 140 hot dogs per day when the price is $3. If for every $0. 25 increase in the price, 10 fewer hot dogs are sold on average, what price maximizes the revenue?.
The price that maximizes the revenue is $3.75 .
What is revenue?The entire income generated by the sale of goods and services crucial to a business's fundamental operations is referred to as revenue in accounting. Commercial income is another word for sales or turnover. Some firms derive their money through royalties, interest, and other fees. "Revenue" in the sentence "Last year, Company X had revenue of $42 million" can be either the total amount of money earned over a given time period or income in general. Net income, commonly referred to as profits, is frequently determined by subtracting all expenses from total revenue for a certain time period. This is to be contrasted with the "bottom line," which denotes net income.
Revenue = Sales x Average Price of the Service
Total revenue = 130*3.25
= $422.5
New price = $3.75
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