A baseball team plays in a stadium that holds 50000 spectators.
With the ticket price at $8 the average attendence has been 21000.
When the price dropped to $7, the average attendence rose to 25000.
Assume that attendence is linearly related to ticket price.
What ticket price would maximize revenue? $
In: Math
1-What is the difference between Discontinued Operations and Extraordinary Items?
2-What is the difference between Deferred Charges and Unearned Revenue?
3-Which of the following is not a stock market ratio?
A. Earnings per share B. Book value C. Working capital investment D. Dividend Yield
In: Accounting
1. Do you think that after the elimination of section 936 of the United States Internal Revenue Code, Puerto Rico will have the opportunity to compete effectively with other countries that receive investments in manufacturing?
2. What are the alternatives for the economic development of Puerto Rico based on our particular circumstances?
In: Economics
Describe in 30 to 50 words (each) what the following budgets/ reports are and how they might be used to inform a team’s operations.
a. Variance analysis.
b. The general ledger.
c. A sales analysis report/ budget report.
d. Variance analysis reports
e. The revenue and expenditure report/ budget.
In: Finance
4a) i. Explain why the monopolist will not operate on the inelastic portion of the demand curve. ii. Derive the slope of the Monopolist marginal revenue cure. 4b) i, Illustrate why and how a government may intervene in the monopoly structure. ii. Discuss why and how a monopolist practices price discrimination.
In: Economics
Using an appropriate diagram, carefully explain why a natural monopoly cannot sell the socially optimal quantity of output at a single price. Also, explain how second-degree price discrimination can allow for optimal output without the need to subsidize the firm. Be sure to identify total revenue.
In: Economics
On April 1, 2021, a company loans one of its suppliers $52,000 and accepts a 30-month, 12% note receivable.
Calculate the amount of interest revenue the company will recognize in 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
In: Accounting
5. Suppose the current equilibrium point for the market of good X is (200, $100). Also we know that ɛ = -2 and n = 1.5 . Suppose the government imposes an unit tax of $3/unit of the good. Calculate the size of government revenue. [You are NOT allowed to use the short cut formula.]
In: Economics
Taxing markets where consumers and producers are relatively ____________ to price changes will generate the most tax revenue because the equilibrium quantity after the tax will ________________ after the tax is imposed.
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a. unresponsive; not decrease by much |
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b. unresponsive; decrease by a lot |
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c. responsive; not decrease by much |
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d. responsive; decrease by a lot |
In: Economics
X Company estimates the following for its three products, A, B, and C, for 2018:
| A | B | C | |
| Revenue | $74,115 | $28,501 | $41,976 |
| Total variable costs | 38,002 | 20,280 | 19,668 |
Fixed costs in 2018 are expected to be $19,800. What is the
expected weighted average contribution margin rate in 2018?
In: Accounting