Based on the data, the estimated market quantity demanded at $8 is 28,000 packets.
What is the demand?Demand is an economic term that refers to the amount of goods and services that are purchased by consumers at different prices in a specific unit of time. Demand is used as an indicator of consumption, this can grow or decrease.
What does the chart presented show?The chart presented shows the quantity of allergy medicine that four potential customers would buy at different prices.
This chart contains limited data because only four out of four thousand customers were surveyed. However, using this data we can determine the total quantity demanded.
What is the demand for allergy medicine at $8?1. Find the demand for the customers:
8+5+6+9 = 28 packages
2.Using this information estimate the total amount demanded
4 customers= 28 packages
4000 = x
x = 28 x 4000 / 4
x = 28,000
Based on the above, the demand at this price is 28,000 packages.
Note: This question is incomplete, below I attach the missing information:
You own the only pharmacy in the small town of Jackson City which has 40,000 residents. You would like to get a sense of what the local demand is for seasonal allergy medicine so you can determine how many bottles to keep in stock and what price to charge. You conduct a survey of four residents of Jackson City, asking them about the quantity of allergy medicine they would buy each allergy season at various prices.
Estimate the market quantity demanded at $8.
Learn more about the demand in https://brainly.com/question/14456267
#SPJ1
identify actions to take when establishing a business. check all of the boxes that apply. be as thrifty as possible. keep lines of communication open.
Use as little money as you can.
Be sure to communicate with one another.
Analyze the future of the company.
Make a strong business plan.
Preparation for the unexpected
What potential for inclusivity does digital entrepreneurship have?
The way that firms operate and organize their output is being fundamentally changed by digital transformation. The development of new digital technologies like the Internet of Things, Blockchain, Artificial Intelligence, Big Data, Cloud Computing, Next-generation Wireless Networks, and others is what is driving this transition. Each of these is made possible by sharp advances in computer power and a concurrent drop in its price.
Entrepreneurship may be able to become more inclusive with the aid of digital entrepreneurship, which refers to the development of digital enterprises and the adoption of digital technologies by already established businesspeople. Certain aspects of digital technologies for business development and growth, such as the lower start-up expenses necessary for many digital technologies, may make underrepresented population groups in entrepreneurship more likely to benefit from them.
to know about digital entrepreneurship
https://brainly.com/question/14242512
#SPJ4
An inoculating _____ is generally used to obtain an inoculum from a broth culture, while an inoculating _____ is typically used to transfer microorganisms to an agar deep tube.
An inoculating loop is generally used to obtain an inoculum from a broth culture, while an inoculating needle is typically used to transfer microorganisms to an agar deep tube.
What is micro-organisms?
Microorganisms or microorganisms are microscopic-sized organisms that can exist in single-celled form or as colonies of cells. The possible existence of invisible microbes has been suggested since ancient times, as in Indian Jain writings from the 6th century BC. The scientific study of microorganisms began in the 1670s with observations under a microscope by Anton van Leeuwenhoek. In the 1850s, Louis Pasteur debunked spontaneous generation by discovering that microorganisms cause food spoilage. In the 1880s, Robert Koch discovered that microorganisms caused diseases such as tuberculosis, cholera, diphtheria, and anthrax.
To learn more about micro-organisms
https://brainly.com/question/8695285
#SPJ4
In addition to leadership styles, there are specific skills that make leaders more effective. they are _____, _____, and _____
Along with various leadership skills, there are specific skills that aid leaders in being more effective. They are supportive and have positive attitude, as well as encouraging.
What characteristics ought a successful leader to have?Effective leaders are able to inspire their team, manage and allocate duties, receive and act on criticism, and solve problems in a dynamic work environment.
A great leader should possess the following skills:
You need to be able to communicate with your team about anything from organizational goals to individual responsibilities in order to effectively lead them.Leaders must inspire their teams to go above and above for their organizations; in most circumstances, this cannot be accomplished by merely paying them a reasonable compensation.Taking on too many jobs yourself will make it difficult for a leader to accomplish anything.A good attitude may go a long way.To know more about leadership skills visit:
https://brainly.com/question/28303643
#SPJ4
A cost incurred for the benefit of more than one profit center is referred to as a(n) _______cost.
a. avoidable
b. traceable
c. direct fixed
d. indirect fixed
Indirect fixed costs are expenses incurred for the benefit of many profit centers.
Even if fixed expenses, such as the price of assembly-related items, are not incurred directly by the production process, they nonetheless contribute to overall production costs. As a result, they are depreciated over time as opposed to being expensed. In conclusion, direct costs are those that directly support the production of goods or the delivery of services, whereas indirect costs are routine operational costs that keep your organization afloat. Charges that are usually referred to as overhead expenses and general and administrative costs are examples of indirect costs. Since indirect costs do not significantly vary within specific production volumes or other activity indicators, they are regarded as fixed costs.
Know more about indirect fixed costs:
https://brainly.com/question/15234749
#SPJ4
given a sales price of $100 per unit, variable costs of $60 per unit and $24,000 in fixed cost, calculate the operating profit if 650 units are sold. multiple choice question.
The Operating profit if 650 units are sold is $2,000. We calculate that by finding out the Break Even Point first, and then finding out the units that are above the BEP multiplying that with contribution per unit.
Let's calculate Break Even Point (BEP) in units
BEP = Fixed Cost / Contribution
Contribution = Sale Price - Variable cost = 100 - 60 = 40 per unit
BEP = 24,000 / 40 = 600 units
We require 600 units to break even.
If sales are 50 units above break even, operating profit is calculated on 50 units(650-600)
Operating Profit = 50*40 = 2000.
In accounting, the breakeven point is calculated by dividing the fixed costs of production by the contribution per unit .
Contribution is Sales minus the variable costs of production.
The breakeven point is that the level of production at which the prices of production equal the revenues for a product.
In investing, the breakeven point is alleged to be achieved when the market value of an asset is that the same as its original cost.
So the Operating Profit is $2,000
Learn more about BEP here
https://brainly.com/question/21137380
#SPJ4
when the value of exports from a country exceeds the value of imports into that country, there is a(n) multiple choice trade deficit. balance of payments. favorable balance of trade. unfavorable balance of trade.
When the value of exports from a country exceeds the value of imports into that country, there is a(n) favorable balance of trade. Option C
This is further explained below.
What is favorable balance of trade?Generally, When a nation's total exports of commodities and services exceed its total imports of those same categories, the nation is said to have a favorable balance of trade.
A surplus in a nation's balance of commerce is referred to by this economic word, which describes the presence of a surplus in that balance.
In conclusion, A positive trade balance exists when the value of exports from a nation exceeds the value of imports into that country. Choice C
Read more about a favorable balance of trade
https://brainly.com/question/14396491
#SPJ1
hhh inc. reported $12,500 of sales and $7,025 of operating costs (including depreciation). the company had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the wacc) was 9.5%, and the federal-plus-state income tax rate was 25%
HHH inc. reported $12,500 in sales and $7,025 in operating costs (including depreciation). the company had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 9.5%, and the federal-plus-state income tax rate was 25%. $2,325.00 was HHH's Economic Value Added (EVA), and the value did management add to stockholders' wealth during the year.
Economic value added (EVA), a metric of a company's financial success, is based on residual wealth, which is calculated by deducting its cost of capital from its operating profit, adjusted for taxes on a cash basis.
EVA, which tries to determine a company's true economic profit, is also known as economic profit. This metric was created by Stern Value Management, a management consulting business that was first incorporated as Stern Stewart & Co.
EVA, also known as economic profit, seeks to identify the true economic profit of a business.
A statistic called EVA is used to evaluate the value that a company generates from money invested in it.
Enterprises with a lot of intangible assets, such as those in the technology sector, might not be the ideal candidates for EVA because it is heavily dependent on invested capital and is best suited for those businesses.
Learn more about economic value added (EVA) here:
https://brainly.com/question/14675835
#SPJ4
What will be the immediate effect if the government sets the price for potatoes at Point B?
O There will be a shortage of potatoes.
O There will be a surplus of potatoes.
O The price of potatoes will rise to meet equilibrium.
O The price of potatoes will fall to meet equilibrium.
If the government sets the price for potatoes at point B, then there will be shortage of potatoes. The correct answer is option A.
In 2022, the price range for US potatoes is estimated to be between US$ 1.05 and US$ 1.07 per kilogram, or between US$ 0.48 and US$ 0.49 per pound (lb). EUR 1.05 per kg is the price in Euros. In New York and Washington, the average price for a ton is US$ 1053.83. In 2019, the US import price for potatoes was $1.01 per kilo. The tasting Table compared data from the US Bureau of Labor Statistics on potato prices from February 2019 to June 2022. (BLS). In June, the average price of white potatoes had risen to $0.89 per pound. This represents a 15.86% increase over last June and a 19.9% increase over June 2020.
To learn more about Statistics, refer:
brainly.com/question/27342429
#SPJ1
Answer:
A
Explanation:
Good luck :D
Rx: 250ml of 30% nacl soln. your pharmacy stocks 22% and 40% nacl soln. how may ml of 22% nacl soln would you need to formulate the prescription? (round to the nearest ml)
138.89ml (22% Nacl) of sodium hydroxide will be needed to make the prescription.
How is the amount determined?
The information reveals that the pharmacy has 250 ml of 30% nacl soln available in addition to 22% and 40% nacl soln.
Based on the facts given, let x be the amount of 22% Nacl.
As follows: 22x + 40(250-x) = 30x 250 = 22x + 40(250-x)
22x-40x = 7500-10000
18x=2500\sx=2500/18
x = 138.89ml
As a result, 138.89ml or 22% Nacl will be needed to make the prescription.
To know more about Nacl visit: https://brainly.com/question/28347798
#SPJ4
What is the ratio of days of transactions between 250,000 and 299,999 conducted in may 2017 as compared to april 2017?
Firstly, we need to find the frequency of the number of days occurring in april 2017 and then frequency of days occurring in may 2017.
The ratio of days of transactions between 250,000 and 249,999 in may 2017 as compared to april 2017 is 1:8
In May 2017, one day had a transaction between 200,000 and 249,999. In April 2017, eight days had transactions between 200,000 and 249,999.
The frequency of an occurrence or a value is the number of times it happens. A frequency table is a list of objects with the frequency of each item shown in the table. The letter "f" of the English alphabet is used to denote frequency.
Putting Together a Frequency Table
Step 1: First, create three columns. The data values are shown in the first column in descending order (from lesser to large values).
Step 2: Using tally marks, the second column displays the frequency of each data value. For each row in the table, count. To count, use tally marks.
Step 3: Count the tally marks associated with each data value and enter that number in the third column.
Tally markings are useful for keeping track of how frequently something occurs. It is employed for keeping records.
Your question is incomplete. Find the missing content below:
What is the ratio of days of transactions between 250,000 and 249,999 conducted in may 2017 as compared to april 2017?
Learn more abut Frequency Table here
https://brainly.com/question/27820465
#SPJ4
gabriella had taxable income totaling $37,850 in 2021. she will file a return using the single filing status. her income consisted of ordinary and qualified dividend income of $1,500, reported to her on form 1099-div. all the rest of her income was from wages. what tax rate will apply to gabriella's qualified dividend income?
The tax rate that will apply to Gabriella's qualified dividend income is 0% since her taxable income is less than $40,400, and she is filing as a single taxpayer.
What is a qualified dividend income?A qualified dividend income is an income from dividends.
The qualified dividend income must come from shares in domestic corporations and certain qualified foreign corporations.
For a qualified dividend rate to hold, the dividend income must have been held for at least a specified minimum period, known as a holding period.
The qualified dividend income attracts a lower tax rate than ordinary income. The qualified dividend tax rates range from 0% to 20%.
Thus, given Gabriella's single taxpayer status and taxable income of $37,850, her qualified dividend income tax rate is 0% for 2021.
Learn more about qualified dividend income tax rates at https://brainly.com/question/14670298
#SPJ1
To pay for a home improvement project that totals $9,000, genesis is choosing between taking out a simple interest bank loan at 9% for 3 years or paying with a credit card that compounds monthly at an annual rate of 18% for 7 years. which plan would give genesis the lowest monthly payment? the monthly credit card payment would be $295, which is lower than the monthly payment on the bank loan. the monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. the monthly payment on a bank loan would be $317.50, which is lower than the monthly credit card payment. the monthly credit card payment would be $374.21, which is lower than the monthly payment on the bank loan.
The plan that would give Genesis the lowest monthly payment: The monthly payment on a bank loan would be $272.50, which is lower than the monthly credit card payment. Thus, option B is the correct option.
Genesis would find the most economical option in the bank loan plan, featuring a monthly payment of $272.50. This amount contrasts favorably with the higher monthly credit card payment of $295.
By opting for the bank loan with a lower monthly commitment, Genesis can efficiently manage the costs of the $9,000 home improvement project while ensuring a more affordable repayment plan in the long run.
Thus, option B is the correct option.
Learn more about monthly payment here:
https://brainly.com/question/26192602
#SPJ12
According to the bcg matrix, products that are typically new to the market and require significant marketing investment in promotion, product management, and distribution are classified as?
According to BCG Matrix, star products are typically new to the market and require significant marketing investment in promotion, product management, and distribution.
A BCG matrix is a model that is used to analyze a company's products in order to aid in long-term strategic planning. The matrix assists businesses in identifying new growth opportunities and determining how to invest for the future.
Most businesses provide a wide range of products, but some provide better returns than others. The BCG matrix provides a framework for evaluating the success of each product, assisting the company in determining which ones to invest more money in and which to eliminate entirely. It can also assist businesses in identifying a new product to introduce to the market.
Four products of BCG Matrix are-
Stars: Products in high-growth markets that account for a sizable portion of that market are considered "stars" and should be invested in more heavily.Question Marks: Questionable opportunities are those in high-growth markets where the company does not have a significant market share.Cash Cows: Products in low-growth areas with a relatively large market share are considered "cash cows," and the company should milk the cash cow for as long as possible.Dog: A company's product is considered a "dog" if it has a low market share and a low rate of growth and should be sold, liquidated, or repositioned.Learn more about BCG Matrix here:
https://brainly.com/question/24841216
#SPJ4
the head of the quality control department at a printing company would like to carry out an experiment to determine which of three different glues results in the greatest binding strength. although they are not of interest in the current study, other factors thought to affect binding strength are the number of pages in the book and whether the book is being bound as a paperback or a hardback.
Binding strength is the response variable in this experiment.
The response variable is the outcome of an experiment in which the explanatory variable is changed. It is a variable whose variation is explained by the other variables. The response variable is also known as the Dependent Variable or Outcome Variable.The explanatory variable forecasts or describes the value of the dependent variable; in an experimental study, this is the outcome that is assessed after the explanatory variable is manipulated.A graph is the simplest way to illustrate the relationship between an explanatory variable and a response variable. The explanatory variable is often plotted on the x-axis, while the response variable is plotted on the y-axis. If you have quantitative variables, use a scatter plot graph or a line graph.Thus this is the meaning of Response Variable.
To learn more about response variable, refer: https://brainly.com/question/28217682
#SPJ4
what is an example of an obstacle to globalization? multiple choice question. a decrease in the overhead expenses incurred by firms an increase in cross-border trade differences in legal regulations among national markets similarities in the business systems used in national markets
One barrier to globalization is the variance in legal frameworks among different national markets.
The spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultural boundaries is referred to as globalization. In terms of economics, it refers to a global interdependence facilitated by free trade. Globalization gives businesses a competitive edge across the board. Manufacturing abroad allows them to cut operational expenses, lower or eliminated tariffs allow them to purchase raw materials more affordably, and most importantly, they have access to millions of new customers. A social, cultural, political, and legal phenomenon, globalization.
To learn more about globalization here
https://brainly.com/question/16719551
#SPJ4
The daily supervision of non-managerial employees is the responsibility of _______ managers.
The first-line managers, often known as supervisors, are at the bottom of the managerial structure. They are in charge of overseeing the nonmanagerial staff members who carry out the precise tasks required to create goods and services on a daily basis.
Who is in charge of managing non-managerial personnel on a daily basis?first-line managers
first-line supervisors: Coordinating the initiatives that the middle managers have established is the main duty of first-line managers. These managers are in charge of overseeing non-managerial staff members who are working on the projects and initiatives created by middle managers. For management professionals, this position is considered entry-level. First-line managers collaborate directly with project team members and non-management staff. Their primary responsibility is to monitor employee productivity and hold staff accountable for attaining organizational objectives.
To know first-line managers about visit: https://brainly.com/question/14670290
#SPJ4
Before conducting a research project, it is important for the researcher to have ___________
Before conducting a research project, it is important for the researcher to have a Hypothesis.
A Hypothesis is an educated guess that can be examined with observations and falsified if it without a doubt is fake. The researcher can't prove conclusively that most hypotheses are genuine because it's commonly not possible to have a look at all feasible instances for exceptions that might disprove them.
A Hypothesis is an assumption made earlier than any research has been carried out. it's far fashioned so that it can be tested to peer if it might be genuine. A concept is a precept shaped to provide an explanation for the things already shown in information.
Hypothesis calls for extra work through the Hypothesis so one can both affirm or disprove it. In due route, a showed hypothesis may end up a part of a concept or now and again may additionally develop to grow to be a principle itself. usually, medical hypotheses have the shape of a mathematical version.
Learn more about the Hypothesis here:-https://brainly.com/question/11555274
#SPJ4
funds used to acquire physical resources eg lang buildings and equipment that are needed to provide patient services are known as long term investment securities
True, funds used to acquire physical resources eg lang buildings and equipment that are needed to provide patient services are known as long term investment securities.
What is long term investments?
An account on the asset side of a company's balance sheet is designated as a long-term investment and it holds all of the company's holdings, including cash, stocks, bonds, real estate, and other investments. Assets that a business wants to hold for longer than a year are known as long-term investments.
The main difference between a long-term investment account and a short-term investment account is that although short-term investments will almost certainly be sold, long-term investments won't be for years, and in some situations, they might never be.
Learn more about long term investments
https://brainly.com/question/11663568
#SPJ4
What+is+the+expected+return+on+asset+a+if+it+has+a+beta+of+0.3,+the+expected+market+return+is+14%,+and+the+risk-free+rate+is+5%?
The expected return on the asset would be 7.7%
Calculation of Expected Return
Expected Return = [Rf+ Beta*(Rm-Rf)]
Expected Return = [5% +0.3*(14% -5%)]
Expected Return = 7.7%
An asset is any useful resource owned or managed by way of a commercial enterprise or an monetary entity. it is something that may be used to produce tremendous economic cost. assets represent price of possession that can be converted into coins.
An asset is a aid with economic value that an man or woman, organisation, or country owns or controls with the expectancy that it'll provide a future benefit. belongings are pronounced on a employer's stability sheet. they're categorised as cutting-edge, constant, economic, and intangible.
Learn more about asset here:https://brainly.com/question/25746199
#SPJ4
which cost would not be included in an operation's food costs? linen coffee produce paper wrappers for to-go foods questions 6, 7, 8, 9 and 10 utilize the following information:
Linen costs will not be included in an operation's food costs. As these expenditures are not directly related to the core business process of an organization.
What are operational costs?The expenses connected with running a company, or with running a machine, part, piece of equipment, or facility, is known as operating costs or operational costs. They represent the cost of the resources an organization uses just to stay in business. All equipment has operating costs, unless it is completely free to use, doesn't need employees or space, and never breaks down. Because the cost is either not recognized or is being covered entirely or in part by the cost of another item, equipment may occasionally appear to have minimal or no operating costs.
To know more about operational costs visit:- https://brainly.com/question/15699967
#SPJ4
as mergers, acquisitions, and restructuring have increased in importance, agency theory has become more important in assessing whether
Grown, agency theory has become more crucial in determining whether -shareholder goals are truly being achieved by managers in the long run.
Agency Theory
Alchian and Demsetz (1972) and Jensen and Meckling (1973) proposed the agency theory of corporate governance (1976). They contended that firms might be viewed as a nexus for a collection of contracting connections between individuals, whereas classical economics views corporations as single-product organisations whose sole function is to maximise profit. Agency theory describes a firm's behaviour via the lens of multiple contracts between different parties. Shareholders who contribute funds to a firm's operation are not considered owners; they are the firm's risk takers.
To learn more about agency theory
https://brainly.com/question/26253714
#SPJ4
the market value of the equity of nina, incorporated, is $582,000. the balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has ebit of $93,000 and a total of $137,000 in depreciation and amortization. what is the enterprise value-ebitda multiple for this company?
The enterprise value-ebitda multiple for this company is 3.27.
Following is the formula of the enterprise value-EBITDA multiple:
Enterprise value-EBITDA multiple =Enterprise valueEBITDA
Calculate the enterprise value:
Enterprise value = Market value of equity+Market value of debt - Cash
= $582,000 + $192,000 - $21,000
= $753,000
Calculate the EBITDA:
EBITDA=EBIT+Depreciation and amortization
=$93,000+$137,000
=$230,000
Calculate the enterprise value EBITDA multiple:
Enterprise value-EBITDA multiple=Enterprise valueEBITDA
=$753,000$230,000
=3.27
What Exactly Is Enterprise Multiple?The enterprise multiple, also known as the EV multiple, is a ratio used to calculate a company's value. The enterprise multiple, calculated as enterprise value divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), examines a company in the same way that a potential acquirer would, taking debt into account. What constitutes a "good" or "bad" enterprise multiple varies by industry.
To Learn more about Enterprise Multiple, visit:
https://brainly.com/question/18370421
#SPJ4
prepare journal entries for the following transactions for kaboom inc. a. paid $2,400 cash for a 6-month insurance policy. b. declared dividends of $4,000 cash. c. paid $6,000 cash in salaries for the month. d. provided $16,000 in services for customers on account. e. collected one-half of the amount due from customers in part d.
Journal entries are a crucial component of accounting for a firm since they not only serve as a record of every transaction but also reveal which accounts are impacted by them. This practice is referred to as double-entry bookkeeping.
What is a Journal Entry?A journal entry is an act of recording any transaction, whether one that is economic or not. An analysis diary that depicts the debit and credit proportions of a company lists trades. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry. To document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. General journal entries are not processed automatically as invoices or cash receipts are processed; rather, they are entered manually into the general ledger.
To learn more about Journal entries, refer to:
https://brainly.com/question/14279491
#SPJ4
How does producer surplus change as the equilibrium price of a good rises or falls ?
The producer surplus change as the equilibrium price of a good rises or falls, the producer surplus decreased.
What is equilibrium?
Equilibrium is the scientific word describing the harmony of force and action. The level of supply and demand must be equal in order for there to be an economic equilibrium. The cost remains steady. Three categories of equilibrium are frequently used: stable, unstable, and neutral.
The producer surplus change as the equilibrium price of a good rises or falls, means the goods prices are the rises, surplus of the producer increased, price was the decreased, the producer surplus decreased.
As a result, the producer surplus decreased, the price are the fall.
Learn more about on equilibrium, here:
https://brainly.com/question/28527601
#SPJ4
Discuss how a hypothesis can become a theory. can a theory become a law. explain
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time.
Often, the new scientist will reproduce the original experiment or add their own data to support or refute the idea. If the original hypothesis is overwhelmingly endorsed by the larger scientific community and no experiments have shown it incorrect, it becomes a theory over time. A causal hypothesis is not the same as a law, and a causal hypothesis cannot become a law.
To learn more about hypothesis, click here.
https://brainly.com/question/13025783
#SPJ4
as an arizona salesperson, you know that all compensation must pass through your broker. when you work with an out-of-state licensee, there must be a written cooperation agreement in place. this agreement is between which two parties?
Person's broker and the other licensee's broker is the agreement is between which two parties.
What is meant by broker?Any entity that stands between a potential investor and a securities exchange is known as a broker. Brokers are businesses that act as customers' agents and get payment from customers in the form of commissions.
A broker acts as a middleman between the buyer and the seller and is paid a commission for their services. A broker's main responsibility is to resolve a client's problem for a fee.
Thus, Person's broker and the other licensee's broker.
For more details about broker, click here:
https://brainly.com/question/14094023
#SPJ4
If the most someone is willing to pay for ticket to see their favorite team is $100 and the market price of the ticket is $35, then this buyer will get consumer surplus of?
If the most someone is willing to pay for ticket to see their favorite team is $100 and the market price of the ticket is $35, then this buyer will get consumer surplus of $65.
Consumer Surplus = Maximum Price Willing - Actual Price
Methods for Determining Consumer Surplus
Consumer surplus is a term used in economics to describe the difference between what consumers are willing to pay for a commodity or service and its market price, or the benefit (or surplus). The marginal utility theory of economics serves as the foundation for the consumer surplus formula. According to the hypothesis, spending patterns vary depending on an individual's preferences. A surplus is produced when people's willingness to pay for a particular commodity or service varies. Several different corporate finance occupations use this metric.
The equilibrium price is the point at which supply and demand coincide. Product surplus (PS) is the region above the supply level and below the equilibrium price, and consumer surplus is the region below the demand level and above the equilibrium price (CS).
Complete revenues minus total costs equals profit. In contrast, producer surplus is the difference between the proceeds from the sale of one good and its marginal, direct cost of production.
To lean more about Consumer Surplus from the given link.
https://brainly.com/question/380921
#SPJ4
Your firm expects to receive a nominal cash flow of $10,000 in two years (at time t=2). if the real rate of interest is 3 percent and inflation is 5 percent, what is the real value of this cash flow?
Real cash flow = 10,816/(1.04^2) = 10,000.
A percent is a ratio whose second term is 100. Percent means parts per hundred. The word comes from the Latin phrase per centum, which means per hundred. In mathematics, we use the symbol % for percent.
Interest is defined as the amount of money paid for the use of someone else's money. An example of interest is the $20 that was earned this year on your savings account. An example of interest is the $2000 you paid in interest this year on your home loan.
Learn more about percent here
https://brainly.com/question/24304697
#SPJ4
Finished goods inspection 23,500 from the provided schedule of activity costs, determine the external failure costs.
The External failure costs is $27,700.
External failure costs:
= Processing returned products + Warranty work
= $18,500 + $9,200
= $27,700
External failure costs are the ones prices incurred due to product disasters when they had been bought to clients. These fees encompass the prison prices associated with patron lawsuits, the loss of future income from dissatisfied clients, product remembers, product go back charges, and assurance costs.
External failure costs whilst the illness is found after it has reached the client. that is the maximum expensive class of high-quality prices. Examples encompass product returns, repairs, assurance claims, lost reputation, and lost business.
External failure costs are one issue of the cost of best, and are incurred if a defective product reaches the consumer and fails at some point of use. The most not unusual additives of this fee are guarantee work and returns. but, lawsuits from customers may also be a factor.
Learn more about External failure costs here:- https://brainly.com/question/14203073
#SPJ4
. [costs or expenses] phil young, founder of pedal pushers, expects to spend the next one-half year developing and testing prototypes for a pedal replacement for children’s bicycles. (see part a of problem 1 for a description of the proposed product.) phil anticipates paying monthly rent of $700 for space in a local warehouse where the pedal pusher product will be designed, developed, and tested. utility expenses for power and heat are estimated at $150 per month. phil plans to "draw down" a salary of $1,000 per month. materials needed to build and test an initial prototype product are expected to cost $9,500. in addition, each redesign and new prototype will require an additional $4,500 investment. phil anticipates that before the final pedal pusher is ready for market at the end of six months, the initial plus two more prototypes will need to be built and tested. costs associated with test marketing the pedal pusher are estimated at $7,000.
A development stage type of financial capital is needed. seed financing is the likely source of that capital for Phill young.
What is seed financing?Seed finance, also known as seed capital, seed money, or seed investment, is the first stage of a startup's capital-raising process. Seed funding is an illustration of equity-based financing. In other words, investors invest money in exchange for an equity stake in a business. This is often carried out in a less formal manner when compared to other equity-based financing methods like venture capital. Seed money primarily supports the company's first operations. For instance, the funds from seed capital may be applied to market analysis, the initial phases of product development (such as creating a prototype), or significant ongoing expenses like legal bills. Family, friends, and angel investors are frequently used as financial sources.
To know more about seed financing visit:- https://brainly.com/question/17108333
#SPJ4
The complete question is: . [costs or expenses] phil young, founder of pedal pushers, expects to spend the next one-half year developing and testing prototypes for a pedal replacement for children’s bicycles. (see part a of problem 1 for a description of the proposed product.) phil anticipates paying monthly rent of $700 for space in a local warehouse where the pedal pusher product will be designed, developed, and tested. utility expenses for power and heat are estimated at $150 per month. phil plans to "draw down" a salary of $1,000 per month. materials needed to build and test an initial prototype product are expected to cost $9,500. in addition, each redesign and new prototype will require an additional $4,500 investment. phil anticipates that before the final pedal pusher is ready for market at the end of six months, the initial plus two more prototypes will need to be built and tested. costs associated with test marketing the pedal pusher are estimated at $7,000. What type of financial capital is needed? What are the likely sources of that capital for Phill young?