In the market for hand-made guitars, when the price of guitars is $800, annual revenues are $640,000.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
Because price and total re...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
The demand and supply schedules in the market for shoes are given in the following table. a. Find the initial equilibrium price and quantity. b. Suppose the government imposes a new $1.00/unit tax on...
-
In the market for SUVs, several events occur one at a time. Explain the influence of each event on the quantity supplied of SUVs and the supply of SUVs. Illustrate the effects of each event by either...
-
When the price of gasoline is $2.00 per gallon, Joe consumes 1,000 gallons per year. The price increases to $2.50, and to offset the harm to Joe, the government gives him a cash transfer of $500 per...
-
Suppose you are given the following set of data with three Boolean input variables a, b, and c, and a single Boolean output variable K. a bc K 1 0 1 1 1 1 1 1 1 1 1 1 1 1 0 01 For parts (a) and (b),...
-
Payback and NPV methods, no income taxes. (CMA, adapted) Andrews Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is...
-
Determine the lattice coefficients corresponding to the FIR filter with system function H(z) = A3(z) = 1 + 12/24z 1 + 5/8z 2 + 1/3z 3
-
Contribution = (a) Fixed cost loss (b) Profit + variable cost (c) Sales fixed cost profit (d) None of the above Ans: (a)
-
Harrell and Smith, Inc., 204 Ambulance Street, Anywhere, CA 92345, is a corporation (EIN 57-1234567) formed on January 1, 2010. Information concerning the corporation and its two shareholders...
-
The small business deduction is only available on: Income earned in Canada by any resident corporation. The first $ 5 0 0 , 0 0 0 in manufacturing and processing income earned by a Canadian...
-
Renee is considering the purchase of an annuity with half of her RRSP funds. Renee has been told that for $145000 she could receive a no guarantee life annuity based on her single life that pays...
-
How do you think that reducing experimental subjects' stress would have affected their price elasticity of demand for alcohol?
-
During the previous month, a firm produced 250 tablet devices at an average variable cost of $40 and at an average fixed cost of $10. What were the firm's total costs during the month?
-
The bookkeeper for J.L. Kang Equipment Repair made a number of errors in journalizing and posting, as described below. 1. A credit posting of $525 to Accounts Receivable was omitted. 2. A debit...
-
What is the amount of Gain or Loss recognized on the disposition? Enter a Gain as a positive number or a Loss as a negative number or Zero if neither is recognized. R&R purchased a piece of equipment...
-
B)There is a significant increase in Machinery, Equipment, and Office Furniture (576%), a significant increase in A significant increase in the Line of Credit (344%), and a significant increase in...
-
Ryvel Company has 2 (two) Production Departments, namely Department I and Department II. In addition, it has 2 (two) Supporting Departments, namely Department C and Department D. Ryvel Company...
-
Dollars According to the graph below, what should this profit-maximizing firm do? P3 P4 MC ATC 0 Q3Q1Q2 MR D Quantity
-
Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7...
-
Listed below are the financial statements of Swingles (a social club) for the year ended 30 June 20x3: Additional information: 1. The bar operates on a coupon and credit basis. 2. Coupons not used...
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
In 2010, Leppard Inc. issued 1,000 shares of $10 par value common stock for land worth $40,000. (a) Prepare Leppards journal entry to record the transaction. (b) Indicate the effect the transaction...
-
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (a) Net income is $317,000. (b) Cash dividends declared and...
-
Access the glossary (Master Glossary) to answer the following. (a) What are cash equivalents? (b) What are financing activities? (c) What are investing activities? (d) What are operating activities?
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App