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The market demand for popcorn at the local theater is P = 48 - 0.4Q. The theater owner has been told that she should produce a quantity where the demand curve has unitary elasticity. a. How many should she sell and at what price? b. If she wants to get the highest revenue possible from the popcorn, what price should be charged? c. If she is a profit maximizer you can eliminate a portion of
the demand curve as irrelevant to her |
In: Economics
The following income statement is for X Company's two products, A and B:
| Product A | Product B | |||
| Revenue | $88,000 | $95,000 | ||
| Total variable costs | 52,800 | 57,000 | ||
| Total contribution margin | $35,200 | $38,000 | ||
| Total fixed costs | ||||
| Avoidable | 30,633 | 15,418 | ||
| Unavoidable | 21,287 | 14,232 | ||
| Profit | $-16,720 | $8,350 | ||
If X Company drops Product A because it shows a loss and is able to
use the vacant space to increase sales of Product B by $32,900,
with $4,200 of additional fixed costs, what will be the effect on
firm profits?
In: Accounting
Exercise 9-19 Presented below is information related to Ricky Henderson Company. Cost Retail Beginning inventory $ 217,874 $ 287,700 Purchases 1,438,000 2,142,000 Markups 95,200 Markup cancellations 16,000 Markdowns 40,100 Markdown cancellations 5,700 Sales revenue 2,256,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method
In: Accounting
Foreign Source Income. If you are a citizen of the United States, and you receive income from outside the U.S.—foreign source income—how must you report this income? Using the Internal Revenue Service website determine current reporting practices for tax purposes. Then select a foreign country and see if you can find out how they will tax your income earned in that country and any income you earned in the U.S. What are your thoughts about going to work in that country?
Be as detail as possible
In: Accounting
For an electrical power plant of your choice:
(a) How would the thermal efficiency change if T-Low were decreased by one degree while keeping T-High constant? Assume Carnot cycle.
(b) How would the change in the thermal efficiency (resulting from the lower T-Low) affect W-net? Assume a thermal efficiency of 32.5 % and a capacity factor of 100 %, and give your answer in kWh per year.
(c) What would the difference in revenue (in $) be per year? Take 12.5 cent/kWh.
In: Physics
The thingamabob industry consists of two Stackelberg competitors producing an identical product. Firm 1 is the Stackelberg leader and firm 2 is the Stackelberg follower. The inverse demand equation is P=591-4Q. The total cost equations of the two firms are: TC_1=15Q_1; TC_2=31Q_2.
a. Determine the total revenue equation for each firm.
b. What is the reaction function of each firm?
c. What is the equilibrium output of each firm?
d. What is the market-determined price of thingamabobs?
e. Calculate each firm’s total profit.
In: Economics
Afirm faces an (inverse) demand function p(y)=10 –y, where p is price,yis quantity.The cost function of the firm is given by c(y) = y^2+1. Dont copy other guys solution!!!
(1) Draw thecurves of(inverse) demand function and marginal revenue. Show your detailed work such as slope, intercept.
(2) What is the optimal choice of output and corresponding profitof the firm?Show each of your steps clearly.(Results might not be integers. Do NOTround your answer)
In: Economics
The following income statement is for X Company's two products, A and B:
| Product A | Product B | |||
| Revenue | $95,000 | $86,000 | ||
| Total variable costs | 56,050 | 43,860 | ||
| Total contribution margin | $38,950 | $42,140 | ||
| Total fixed costs | ||||
| Avoidable | 17,926 | 30,173 | ||
| Unavoidable | 14,084 | 23,707 | ||
| Profit | $6,940 | $-11,740 | ||
If X Company drops Product B because it shows a loss and is able to
use the vacant space to increase sales of Product A by $33,700,
with $3,400 of additional fixed costs, what will be the effect on
firm profits?
In: Accounting
THE Company reported the following selected account
balances for 2021:
Jan. 1, 2021 Dec. 31, 2021
Accounts payable 47,000 28,000
Common stock 100,000 187,000
Inventory 52,000 86,000
Investments 68,000 84,000
Mortgage payable 99,000 82,000
Retained earnings 23,000 51,000
THE Company's 2021 income statement appears below:
Sales revenue $500,000
Cost of goods sold 360,000
Other expenses 85,000
Net income $ 55,000
Calculate THE Company's net cash flows from financing
activities for 2021.In: Accounting
Consider the following Market Demand and Supply Curves.
Qd = 30-P
Qs = P
a.If the world price is 5,
1.how much will be imported?
2.What is the change in Consumer Surplus?
3.What is the change in Producer Surplus?
b. If a tariff of $2 is imposed
1.how much will be imported?
2.What is the change in Consumer Surplus as a result of tariff?
3.What is the change in Producer Surplus as a result of tariff?
4.What is the government revenue?
5.What is the dead weight loss?
In: Economics