Anthonyâs Bees is an Internet e-tailer that sells equipment to aspiring beekeepers. A complete starter kit in this competitive market sells for $900. Anthonyâs total costs are given by TC=3ð3 , where Q is the number of starter kits he sells each month. The corresponding marginal cost of producing beehives is ðC=9ð2 .
Required:
a. What is Anthony's marginal revenue from selling another starter kit?
b. How many starter kits should Anthony sell each year in order to maximize his profits?
c. How much profit will Anthony earn at this output level?
d. Suppose Anthony is producing the quantity indicated in part b. If he decides to produce one more starter kit, what will his new profit be?
Answers
Answer:
a. $900
b. 10 starter kits
c. $6,000
d. $5,907
Explanation:
The following are correctly stated first before answering the questions:
P = Price = $900
TC = Total cost = 3Q^3
ðC = Marginal cost = 9Q^2
a. What is Anthony's marginal revenue from selling another starter kit?
Since a complete starter kit sells for $900, Anthony's marginal revenue from selling another starter kit is therefore equal to $900 for a complete starter kit.
Therefore, we have:
MR = Marginal revenue = P = $900
b. How many starter kits should Anthony sell each year in order to maximize his profits?
In theory of firm in economics, profit is maximized when MC = MR. Since,
MC = 9Q^2
MR = 900
We have:
9Q^2 = 900
Q^2 = 900 / 9
Q^2 = 100
\(Q = \sqrt{100}\)
Q = 10
Therefore, Anthony should sell 10 starter kits in order to maximize his profits.
c. How much profit will Anthony earn at this output level?
Total revenue = TR = P * Q
Since,
P = $900
Q = 10
We have:
TR = $900 * 10 = $9,000
TC = 3Q^3
Substituting for Q, we have:
TC = 3 * 10^3 = 3 * 1,000 = $3,000
Profit = TR - TC = $9,000 - $3,000 = $6,000
Therefore, the amount of profit Anthony earn at 10 output level (by selling 10 starter kits) is $6,000.
d. Suppose Anthony is producing the quantity indicated in part b. If he decides to produce one more starter kit, what will his new profit be?
By producing one more starter kit, we will have:
New Q = 10 + 1 = 11
Therefore, we have:
New TR = $900 * 11 = $9,900
New TC = 3 * 11^3 = 3 * 1,331 = $3,993
New profit = New TR - New TC = $9,900 - $3,993 = $5,907
Therefore, the amount of new profit will be $5,907 if Anthony decides to produce one more starter kit.
Additional Note:
The part d. above shows that producing 11 stater kits which is one more starter kit greater than the profit maximizing 10 starter kit will make profit to fall from $6,000 to $5,907. It is therefore better for Anthony to continue to produce 10 starter kits in order to continue to maximize profit. Because, if he should produce more or less than 10, his profit will fall.
Related Questions
Partners X, Y and Z have capital balances of $80, 000, $180,000 and $60,000 respectively. Immediately prior to liquidation. Total remaining assets have a book value of $320,000 and assume liabilities have been paid. There is one remaining asset with a fair market value of $70,000. All three partners agree to share profit and loss equally. Z wishes to take the asset with him and start a new business and would accept $70,000 in cash; the remaining partners agree this would be fair. How much cash in addition to the asset would first be distributed to Z before any of the other partners receive anything? a. $100,000 b. $240,000 c. $30,000 d. $50,000
Answers
The cash distributed to Partner Z before the other partners is $60,000.
Data and Calculations:
Book value of assets = $320,000
Fair value of asset = $70,000
X Y Z Total
Capital balances $80,000 $180,000 $60,000 $320,000
Total assets available for distribution $390,000
Assets assumed by Z ($70,000) ($70,000)
Balance $320,000
Distribution to partners $80,000 $180,00 $60,000 $320,000
Cash distribution to partners depends on the cash realized from the assets.
Thus, the cash distributed to Partner Z before the other partners is $60,000.
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Which economies are moving away from their traditional reliance on agriculture to a more industrialized nation?
O A. developing economies that are becoming developed economies
emerging market economies that are becoming developing economies
C. developing economies that are becoming emerging market economies
developed economies that are becoming developing economies
O
B.
D.
Answers
Answer: A
Explanation:
Nathan needs to overlap a task for 25% of its predecessor's duration. Which value must he enter in the link's Lag field to accomplish this
Answers
Since Nathan needs to overlap a task for 25%, the value that must be entered in the link's Lag field will be -25%.
What is a task?
A task means an activity that needs to be accomplished within a defined period of time.
Lead time is the overlap between tasks that have a dependency. Since he wants to overlap tasks, he would want lead time and lead time is a negative value so he must enter -25% in the lag field.
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Buying a Vacation Home
Barrie and Inga Adlington, of Birmingham, England, have just finished putting their three daughters through college. As empty-nesters, they are considering purchasing a vacation home in the United States on a lake because prices have dropped in recent years. The house might also serve as a retirement home once they retire in 6 years. The Adlingtons' net worth is $382,000 including their home worth about $266,000 on which they currently owe $43,000 for their first mortgage, with a $798 per month payment. Their outstanding debts in addition to their mortgage include $12,200 on one car loan ($257 monthly payment), $13,700 on a second car loan ($294 monthly payment), and a $25,700 second mortgage on their home taken out to help pay for their daughters' college expenses ($185 monthly payment). Their income is $110,000.
Calculate the Adlingtons' debt-to-income ratio. Round your answer to two decimal places.
_______________ %
Advise them as to the wisdom of borrowing to buy a vacation home at this time.
Answers
The debt to income ratio is 86 percent. This is high so the family should not buy a house.
The total debt that is owed by this familyFirst mortgage = $43,000
Outstanding debts = $12,200
Car loan = $13,700
Second mortgage =$25,700
The total debt that this family is owing is given as
$43,000+ $12,200+$13,700+$25,700
= 94600 dollars
The total income that this family makes is given as $110,000.
The debt to income ratio would be
94600/$110,000.
= 0.86
Therefore the debt to income ratio that this family has is 86%.
Given that their debt to income ratio is high, it is advisable that the family has to stay away from purchasing a new house.
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Which sentences identify the advertising objectives of a business? From — to —
A confectionery business ran into trouble when news of a possible contamination reached its consumers. After a consumer uproar overnegligence,
the company decided to restore its credibility with the help of public relations. —It released statements to the media about its strict regulated processes
and also refuted rumors of contamination. It decided to target a market between ages five and fifteen to help position the product as child friendly
and establish it as safe to consume. The company wanted to ensure that the product was marketed in a repackaged form in order to gain credibility
and boost sales as compared to rivals. However they did not reduce prices, as reducing prices would be met with suspicion. Frequency of the
advertised commercial was increased in order to increase recall among consumers. —This proved effective, as within a few months there was no
further drop in sales and sales slowly started gaining momentum.
Answers
It released statements to the media about its strictly regulated processes and also refuted rumors of contamination that identify the advertising objectives of a business. The correct option is C.
What is advertising in business?Marketing your company through advertising is one way to boost sales or increase audience awareness of your goods or services. Your advertising may contribute to a customer's initial impressions of your company before they interact with you and make a purchase.
The three main goals of advertising are to inform, persuade, and remind. Informative advertising raises consumer awareness of companies, their goods and services, and concepts. It can inform people about the features and advantages of new or established products, as well as announce new programs and products.
Thus, the ideal selection is option C.
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How can organisations handle debtors?
Answers
Organizations handle debtors by using various legal and ethical practices such as maintaining accurate records and setting payment terms etc.
Establishing precise payment terms, keeping accurate records, sending timely reminders, providing payment plans and working with debt collection agencies are all ways that businesses can manage their debtors. Organizations can assist in preventing past due payments by establishing clear payment terms and ensuring that debtors understand these terms.
Maintaining accurate records and sending reminders on a regular basis can also assist debtors in keeping up with their payments. Offering payment plans to customers who are having trouble making their payments can be helpful and working with a debt collection agency can help businesses collect past due debts more effectively.
When managing debtors it is crucial for businesses to adhere to legal and moral standards and to treat debtors with professionalism.
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what an example of current Marketing situation of a business or service
Answers
What is another name for a job fair?
Answers
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $20,000 bill from her accountant for consulting services related to her small business. Isabel can pay the $20,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 37 percent this year and next year, and that she can earn an after-tax rate of return of 8 percent on her investments. Required: What is the after-tax cost if Isabel pays the $20,000 bill in December? What is the after-tax cost if Isabel pays the $20,000 bill in January? Use Exhibit 3.1. Note: Round your answer to the nearest whole dollar amount. Based on requirements a and b, should Isabel pay the $20,000 bill in December or January?
Answers
Answer:
If Isabel pays the $20,000 bill in December, her after-tax cost would be $12,600 ($20,000 x 0.63). This is because she can deduct the expense on her current year tax return, reducing her taxable income by $20,000 and saving her $7,400 in taxes ($20,000 x 0.37).
If Isabel pays the $20,000 bill in January, her after-tax cost would be $12,740 ($20,000 x 0.638). This is because she would not be able to deduct the expense until the following year, so she would not receive the tax savings until then.
Based on these calculations, Isabel should pay the $20,000 bill in December to minimize her after-tax cost.
Daft is a product of the Digby company. Digby's sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available for sale
Answers
Explanation:
sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available
On January 1, 2018, Sunrise Corporation issued $4,000,000 face value, 8% coupon, 5-year bonds dated January 1, 2018, for $3,800,000 (market interest rate of 9.3%). The bonds pay annual interest on January 1. Instructions Prepare all the journal entries that Sunrise Corporation would make related to this bond issue through January 1, 2019, using effective interest rate method. Be sure to indicate the date on which the entries would be made.
Answers
Answer:
Sunrise Corporation
Journal Entries:
January 1, 2018:
Debit Cash $3,800,000
Debit Discounts on Bonds $200,000
Credit 8% Bonds Payable $4,000,000
To record the issuance of bonds at a discount.
December 31, 2019:
Debit Interest Expense $353,400
Credit Interest Payable $320,000
Credit Amortization of discounts $33,400
To record the interest expense and first amortization of discounts.
January 1, 2019:
Debit Interest Payable $320,000
Credit Cash $320,000
To record the payment of the first interest.
Explanation:
a) Data and Calculations:
Face value of bonds issued = $4,000,000
Coupon interest rate = 8%
Market interest rate = 9.3%
Maturity period = 5 years
Interest payment = Annual on January 1
Issue price = $3,800,000
Discounts = $200,000 ($4,000,000 - $3,800,000)
January 1, 2018:
Cash $3,800,000 Discounts on Bonds $200,000 8% Bonds Payable $4,000,000
December 31, 2019:
Interest Expense $353,400
Interest Payable $320,000
Amortization of discounts $33,400 ($353,400 - $320,000)
Value of bond on December 31, 2018 or January 1, 2019 = $3,833,400 ($3,800,000 + $33,400)
January 1, 2019:
Interest Payable $320,000 Cash $320,000
The postal service of St. Vincent, an island in the West Indies, recently introduced a limited edition deluxe souvenir sheet priced at $15.00 each. The initial market response was quite positive, with an increase in unit sales compared to the regular souvenir sheets. The postal service sold a total of 50,000 units of the deluxe souvenir sheet.
Based on the given information, calculate the following:
What was the postal service's increase (decrease) in total contribution margin when it sold 50,000 deluxe souvenir sheets at $15.00 each, compared to selling 80,000 regular souvenir sheets at $8.00 each?
By what percentage did the St. Vincent post office increase the selling price for the deluxe souvenir sheet compared to the regular souvenir sheets? Additionally, calculate the percentage increase in unit sales for the deluxe souvenir sheet compared to the regular souvenir sheets. (Round your answers to one-tenth of a percent.)
If the postal service wants to maintain the same total contribution margin per unit for the deluxe souvenir sheets as it did for the regular souvenir sheets, what selling price should they set for the deluxe souvenir sheet? (Round your answer to the nearest whole dollar.)
Calculate the number of deluxe souvenir sheets the postal service would need to sell at the price determined in question 3 to equal the total contribution margin earned by selling 80,000 regular souvenir sheets at $8.00 each. (Round your answer to the nearest whole number.)
Please show your calculations and provide explanations for each answer.
Answers
1. the postal service experienced an increase in total contribution margin of $7.00
2. The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. The postal service should set the selling price for the deluxe souvenir sheet at $15.00
4. The exact number of deluxe sheets is 45.
Calculation of the increase (decrease) in total contribution margin:
The contribution margin is calculated as the selling price minus the variable cost per unit. Given the information, we have:
Selling price of regular souvenir sheets: $8.00
Selling price of deluxe souvenir sheets: $15.00
Number of regular souvenir sheets sold: 80,000
Number of deluxe souvenir sheets sold: 50,000
To calculate the increase (decrease) in total contribution margin, we need to compare the contribution margin of the two scenarios:
Contribution margin regular souvenir sheets = Selling price - Variable cost
= $8.00 - Variable cost
Contribution margin deluxe souvenir sheets = Selling price - Variable cost
= $15.00 - Variable cost
To find the increase (decrease), we'll subtract the contribution margin of regular souvenir sheets from that of deluxe souvenir sheets:
Increase (decrease) in contribution margin = Contribution margin deluxe - Contribution margin regular
= ($15.00 - Variable cost) - ($8.00 - Variable cost)
= $15.00 - $8.00
= $7.00
So, the postal service experienced an increase in total contribution margin of $7.00 when selling 50,000 deluxe souvenir sheets compared to selling 80,000 regular souvenir sheets.
2. Calculation of the percentage increase in selling price and unit sales:
Percentage increase in selling price = [(Selling price deluxe - Selling price regular) / Selling price regular] * 100
= [(15.00 - 8.00) / 8.00] * 100
= 87.5%
Therefore, the St. Vincent post office increased the selling price for the deluxe souvenir sheet by 87.5% compared to the regular souvenir sheets.
Percentage increase in unit sales = [(Unit sales deluxe - Unit sales regular) / Unit sales regular] * 100
= [(50,000 - 80,000) / 80,000] * 100
= -37.5%
The unit sales for the deluxe souvenir sheets decreased by 37.5% compared to the regular souvenir sheets.
3. Calculation of the selling price for the deluxe souvenir sheet to maintain the same total contribution margin per unit:
To maintain the same total contribution margin per unit, the selling price for the deluxe souvenir sheet should be equal to the selling price for the regular souvenir sheet plus the increase in contribution margin per unit:
Selling price deluxe = Selling price regular + Increase in contribution margin
= $8.00 + $7.00
= $15.00
So, the postal service should set the selling price for the deluxe souvenir sheet at $15.00 to maintain the same total contribution margin per unit.
4. Calculation of the number of deluxe souvenir sheets to be sold to equal the total contribution margin earned from selling 80,000 regular souvenir sheets:
Total contribution margin from selling regular souvenir sheets = Contribution margin regular * Number of regular sheets sold
= ($8.00 - Variable cost) * 80,000
To calculate the number of deluxe souvenir sheets to be sold, we'll set the total contribution margin equal to that of regular sheets and solve for the number of deluxe sheets:
Contribution margin deluxe * Number of deluxe sheets = Contribution margin regular * Number of regular sheets
($15.00 - Variable cost) * Number of deluxe sheets = ($8.00 - Variable cost) * 80,000
Simplifying the equation:
Number of deluxe sheets = (Contribution margin regular * Number of regular sheets) / (Contribution margin deluxe)
= ($8.00 - Variable cost) * 80,000 / ($15.00 - Variable cost)
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Suppose the market supply curve is p = 6Q. What is the producer surplus at a price of 15?
Answers
Note that if the market supply curve is p = 6Q, then is the producer surplus at a price of 15 will be:
What is producer surplus?Simply put, the producer surplus is the difference between the price at which enterprises are prepared to sell their products and the price at which they actually sell them.
Economic excess is classified into two types: consumer surplus and producer surplus. Consumer surplus and producer surplus are often mutually incompatible in the sense that what is good for one is bad for the other.
In the problem above, we can determine the Producer Surplus by utilizing the price (p) in the expression give:
p = 6Q
Since p = 15; we have
15 = 6Q
Q = 15/6
Q = 2.5
Therefore, the producer surplus where the price is 15 and given the market supply curve of P = 6Q is 2.5
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What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty Please select the best answer from the choices provided
Answers
Answer:
The correct answer is B.
Explanation:
I just took the test, and B is correct.
An extended warranty is often offered by a third party instead of a manufacturer. The correct option is b.
What do you understand about an extended warranty?An extended warranty or service agreement is a prolonged warranty offered to customers in addition to the standard warranty on new items. This kind of warranty can be offered by the warranty administrator, the retailer or the manufacturer.
Extended warranties cost extra and for a percentage of the item's retail price. Occasionally some extended warranties that are purchased for multiple years state in writing that during the first year the consumer must still deal with the manufacturer in the occurrence of malfunction.
There are certain terms and conditions in extended warranty which may not match the original terms and conditions. For instance, these may not cover anything other than mechanical failure from normal usage.
Some common examples of extended warranties are automobiles and electronics.
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Write a two-paragraph summary of this exercise that you could use to demonstrate your knowledge of the role of social media in commerce in a future job interview.
Answers
Answer:
you are awesome to mention
Prior to recording adjusting entries, the Office Supplies account had a $370 debit balance. A physical count of the supplies showed $111 of unused supplies available. The required adjusting entry is:
Answers
Answer:The readjusting entry will now be to Debit Office Supplies expense $259 and Credit Office Supplies $259
Explanation:
Unadjusted ending balance of Supplies = $370
Actual supplies of unused supplies = $111
Amount of supplies were used during the period ( Supplies Expense)= $370 -$111 = $259
The readjusting entry will now be
Account and explanation Debit Credit
Office Supplies expense $259
Office Supplies $259
Describe the internal control features that were missing that enabled the employee to commit this fraud.
Describe what actions the employer should take to prevent this kind of fraud from happening in the future.
High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.
Answers
Answer:
yes my answer is yes
Explanation:
I dont know
Are the following statements true or false?
(a) Perfect competition has an identical good.
(b) A monopolistically competitive firm makes zero economic profit in the long run.
(c) The defining feature of oligopoly is a large number of firms.
(d) A natural monopoly arises because of the existence of economies of scale.
Answers
(a) The given statement, "Perfect competition has an identical good" is true.
(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.
(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.
(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.
(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.
(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.
(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.
(d) A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.
Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.
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Two years ago, the price of a bond was $926.00, and one year ago, the price of the bond was $988.00. Over the past year, the bond paid a total of $64.00 in coupon payments, which were just paid. If the bond is currently priced at $949.00, then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond is $1,000.
2.63 (plus or minus .02 percentage points)
13.61 (plus or minus .02 percentage points)
2.53 (plus or minus .02 percentage points)
12.12 (plus or minus .02 percentage points)
None of the above is within .02 percentage points of the correct answer
Answers
The correct answer to this question is 12.12 (plus or minus .02 percentage points). To find out the rate of return of the bond over the past year, we need to use the formula for calculating rate of return given as;Rate of Return = [(Annual Income + (Ending Price - Beginning Price)) / Beginning Price] × 100, Where; Annual Income = Coupon Payment × Number of Coupon Payments in a year.
By applying the formula, we have; Beginning Price = $988.00 Ending Price = $949.00 Coupon Payment = $64.00 Number of Coupon Payments in a year = 2 Annual Income = Coupon Payment × Number of Coupon Payments in a year= $64.00 × 2= $128.00.
Substituting all the values in the formula, we have; Rate of Return = [(Annual Income + (Ending Price - Beginning Price)) / Beginning Price] × 100= [($128.00 + ($949.00 - $988.00)) / $988.00] × 100= ($128.00 - $39.00) / $988.00 × 100= $89.00 / $988.00 × 100= 9.02%
The rate of return of the bond over the past year is 9.02%.However, we need to convert it into an annual basis; since we were given a semi-annual basis. By doubling the 9.02% rate, we get 18.04%.The answer is 12.12 (plus or minus .02 percentage points).
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On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This, of course, implies that the equilibrium exchange rate should be two francs per pound. If the current market exchange rate is 2.2 francs per pound, how would you take advantage of this situ-ation
Answers
Answer:
we can look at this problem from 2 different point of views:
if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.
if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.
Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.
Ben owns a shoe store. He has a new line of limited-edition running shoes that he will be selling in his store soon. The cost of manufacturing the shoes was $18 per pair, and he wants to make a 20% profit on each pair he sells. What is Ben's selling price? Question 2 options: 22.50 11.80 26.05 44.00
Answers
Ben's selling price on the pair of shoes if he wants to make a profit of 20% is $21.60.
What is the selling price?Profit is earned when the difference between the cost price and the selling price of a good or service is positive.
Profit = selling price - cost price
Selling price = cost price + (100% + percentage profit)
$18 + (100% + 20%)
$18 + 120%
$18 x 1.20 = $21.60
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Answer:$21.60
Explanation:
To figure whether she should pay estimated tax for 2021, Jane determines her expected adjusted gross income for 2021 will be $82,800. Her AGI for 2020 was $73,700. Her total tax on her 2020 return was $9,001. Using the 2021 Estimated Tax Worksheet she figures her total 2021 estimated tax to be $11,015. Her tax expected to be withheld in 2021 is $10,000. She will file as Head of Household and expects no refundable credits in 2021. All of the following are true regarding Jane’s estimated taxes except:
A. She expects to owe at least $1,000 for 2021 after subtracting her withholding from her expected total tax
B. She expects her income tax withholding to be at least 90% of the tax to be shown on her 2021 return
C. Jane does not need to pay estimated tax
D. Jane will need to pay estimated tax
Answers
Answer:
C. Jane does not need to pay estimated tax
In a proposal to install and monitor a security system statements such as "our company has over 25 years of experience" should appear in what section
Introduction
Body
Closing
Appendix
Answers
The first interview in the hiring process is called a
Answers
4. Will Juan Carlos meet his $4,000 goal for every year in college with this plan? Explain your .
Answers
With this plan, Juan Carlos will not meet his goal because with this plan he can save only $2400.
Based on the information about the plan, let's calculate how much will Juan Carlos save.
Important information:
Money Juan Carlos saves per hour: $10 Number of hours per week: 20 hoursTotal of money every week: $200We also know he will work during the summer that is 12 weeks.
$200 x 12 weeks = $2400
This means the total of money he can save is $2400 and therefore he can't save $4000 by using that plan.
Note: This question is incomplete because information about the plan is missing, here is the missing information.
Juan Carlos words 20 hours/week during the summer, 0 hours/week during the school year, but saves 100% of his income.There are 40 weeks in a school year and 12 weeks of summer. Assum Juan Carlos makes $10/hrLearn more in: https://brainly.com/question/25192498
Richer countries tend to regulate business activity ________, whereas poorer countries tend to regulate business activity ________.
a. unpredictably; predictably
b. without cause; as warranted
c. more; less
d. less; more
Answers
d. less; more . Richer nations tend to regulate business activity less, whereas poorer nations tend to regulate business activity more.
What Exactly Are Business Activities?Any action a business engages in with the primary objective of producing a profit is considered a business activity. This is a broad phrase that refers to all of the economic operations a corporation engages in while conducting business.
What are the four main business activities?Sales, customer service, management, and marketing are a few essential business operations. These operations are a regular aspect of a business's operation and have an impact on its monthly, quarterly, and annual revenue and profit.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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___ social classes do not tend to be among Whole Foods customers because of the higher prices for products.
a. lower
b. Middle
c. Upper
d. Capitalist
Answers
Answer:
A
Explanation:
Lower class can not usually afford store like this. Hence why they are called lower class
When handling an ethical dilemma, managers should select the option that most likely: A. Set the best example for the employees B. Pass the various ethics tests C. Builds strength in the organization D. All of the above
Answers
Answer:
B. Pass the various ethics tests.
Explanation:
Organizations oftentimes have what is called ethics. Ethics are like standards; what is expected of an organization's employees in its relationship with outsiders.
Every employee of an organization is expected to familiarize with the ethics of his or her company as the case may be.
Where there are ethical dilemma, a manager is expected to pass the various ethics test instituted by the organization as this will guide him or her towards making the right decisions.