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MArishka [77]
2 years ago
8

Neakanie Industries sells specialized mountain bikes. Each specialized bike purchased includes free maintenance service for 12 m

onths. The price of the specialized bike is $700. When sold separately, a maintenance contract is $200 and a comparable but non- specialized bike is $600. If Neakanie sold 3 bikes on December 1, how much total revenue would the company recognize on December 31?
Business
1 answer:
Usimov [2.4K]2 years ago
4 0

Answer:

total revenue from sale = $525

Explanation:

given data

free maintenance service = 12 months

specialized bike = $700

maintenance contract  = $200

specialized bike = $600

to find out

total revenue

solution

we get  here total revenue that is express as

total revenue = specialized bike × ( specialized bike ÷ (specialized bike  + maintenance contract ) )   ...............1

put here value we get

total revenue from sale = $700 × \frac{600}{600+ 200}

total revenue from sale = $525

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The question is incomplete:

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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can
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Answer:

The answer is B) 340 bushels of corn and 500 bushels of oats.

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Oatland´s workers have a comparative advantage in the production or oats, each worker can grow 50 bushels per year. Since Oatland has 20 workers in total, its maximum possible output of oats bushels would be 1,000 (20x50=1,000).

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Check attachment for the table

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