A deli sells 480 sandwiches per day at a price of $ 4 each. A market survey shows that for every $ 0.20 reduction in the original $ 4 price, 10 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue?
Please make sure it is the right answer. THanks!
In: Math
For a discussion forum post that provides one example for each of the four adjusting entries you learned. For instance, you are to post a scenario that would represent an accrued revenue adjusting entry. You will then complete a scenario for the remaining three adjusting entries: accrued expenses, prepaid assets (deferred expenses), and deferred revenues.
In: Accounting
In a host country, FDI is expected to have a positive or a negative impact depending on the issue considered. Based on your readings and class discussion, indicate how FDI inflow is expected to affect each of the following in a host country (4 points each).
In: Economics
Assume a monopolist faces a market demand curve P= 200 -4Q and has the short-run total cost function C= 480 + 40Q. What are the profit-maximizing price, quantity and profits? Graph the marginal revenue, marginal cost, and demand curves, and show the area that represents deadweight loss on the graph.
In: Economics
Why is this adjusting journal entry prepared? What is the scenario that created this adjusting entry and why is there an adjustment needed?
1) Record depreciation expense
2) Adjust for supplies usage
3) Adjust prepaid insurance
4) Accrue wages earned but not yet paid
5) Unearned revenue
6) Interest payable
In: Accounting
Analyze and evaluate the potential impact a change from U.S. GAAP to IFRS would have on U.S. companies for revenue recognition of goods and services. This includes both the impact on specific amounts in the financial statements, in addition to the impact on various stakeholders associated with a company (e.g., creditors, investors, suppliers, management, employees, etc.).
In: Accounting
Analyze and evaluate the potential impact a change from U.S. GAAP to IFRS would have on U.S. companies for revenue recognition of goods and services. This includes both the impact on specific amounts in the financial statements, in addition to the impact on various stakeholders associated with a company (e.g., creditors, investors, suppliers, management, employees, etc.).
In: Accounting
Answer the following question:
1) Explain one provision or change to the tax law included in any of the coronavirus stimulus bills that relate to tax or the Internal Revenue Service (IRS). The only thing you can notwrite about is the stimulus payments being paid to everyone by the IRS. List your source in the answer.
In: Accounting
Recent state actions to legalize and tax marijuana have been politically palatable to lawmakers at least in part as a means of raising revenue in a constrained state/local fiscal environment. Considering the array of issues around marijuana taxation, what are the advantages and disadvantages of this approach to taxation. Assess the cannabis taxation as a fiscal policy.
In: Accounting
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,600 account receivable. The note is due in six months. At December 31, Black should record interest revenue of
a.$572
b.$565
c.$575
d.$562
Please answer it asap
In: Accounting