For someone working full time providing health care management to a medium-sized hospital, about how much extra revenue do you think that the worker provides to the hospital during a year? Give an example of how that revenue is generated.
In: Economics
Exxon-Mobile 2018 or 2019 Annual Report , you need to research their AR to understand how they recognize revenue and keep in mind they have many diverse sources of revenue. Why you believe it conforms to GAAP based on ASC 606
In: Accounting
In: Accounting
Write your responses in complete sentences. Each answer should be two - three paragraphs (150 – 250 words) in length.
1. What is Marginal Revenue? For both Perfect Competition and Monopoly, explain the relationship between marginal revenue and demand.
In: Economics
Exxon-Mobile 2018 or 2019 Annual Report , you need to research their AR to understand how they recognize revenue and keep in mind they have many diverse sources of revenue. Why you believe it conforms to GAAP based on ASC 606
In: Accounting
River community operating metrics form question Profit per inpatient discharge. What metric is used to get the profit for inpatient discharge, profit per outpatient visit and the net revenue per discharge and net revenue per visit.
In: Finance
The monopolist determines the price and quantity combination that maximizes short-run profits by
A.
finding the quantity at which marginal cost and marginal revenue are equal and then using the demand curve to find price.
B.
finding the quantity at which average revenue and average total cost are furthest apart.
C.
finding the point at which marginal revenue and demand intersect. This gives the price and quantity that maximizes profits.
D.
determining the price by finding the highest price at which sales can be made and then using the demand curve to find the appropriate quantity.
In: Economics
A local Birmingham-area restaurant chain introduced a new summer menu in its Vestavia Hills location, but not its Mountain Brook location. Nightly revenue averaged $8,000 in Vestavia Hills and $7,000 in Mountain Brook before the menu change, but $9,500 in Vestavia Hills and $8,000 in Mountain Brook after the menu change.
a. The difference-in-difference estimate of the increase in average nightly revenue attributable to the menu change is
b. In the previous question, the increase in average nightly revenue attributable to summer, rather than the menu change, is
In: Economics
TRUE OR FALSE. PROVIDE EXPLANATION.
- For a monopolist who faces a downward-sloping demand curve,
marginal revenue is less than price whenever
quantity sold is positive.
- Since a monopoly charges a price higher than marginal cost, it will produce an inefficient amount of output
- A monopolist will always equate marginal revenue and marginal cost when maximizing profit
- If s/he produces anything at all, a profit-maximizing
monopolist with some fixed costs and no variable costs
will set price and output so as to maximize revenue
In: Economics
The Hotel has two operating departments. Rooms and F&B. 70% of the hotel's total revenue is earned from room sales and 30% of the total revenue is earned from F&B sales.
Rooms department's contribution margin ratio is 60% and F&B department's contribution margin ratio is 50%. If the fixed cost of the hotel is $400,000, and the management is targeting a before -tax profit of $150,000, what is the required sales revenue? (Rounded to whole numbers)
A.$964,912
B.$795,230
C.$1,234,502
D.$701,754
In: Accounting