Answer:
see explanations
Explanation:
First, for 80 room charged at $60 per room ,all rooms are occupied
Let the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x as,
p(x)=$60x ------------where x in the number of rooms
When the price per room is increased by $3, the demand function will be;
p(x)=$63x
Maintenance per room after price increase will be;
p(x)=$16x
This means: $63x -$60x=$16x
3*80 p(x)=16*80
p(x)=(16*80)/(3*80) =5.33
Due to price increase the number of rooms occupied reduced by 5 rooms to 75 rooms. Because of unoccupied rooms bringing no revenue the maintenance cost increased. The demand for room decreased.
Answer:
We have to assume specific tax rate to come up with the income tax expenses. Let assume the tax rate is 30%.
The income tax expense in year 2: $53,400.
Explanation:
We have:
Depreciation expenses of the equipment in the second year = (Initial cost - salvage value) / Useful life = (168,000 - 0)/4 = $42,000.
Profit before tax in year 2 = Sales in year 2 - operating expenses in year 2 - Depreciation expenses in year 2 = 520,000 - 300,000 - 42,000 = $178,000.
Income tax expense in year 2 = Profit before tax in year 2 x tax rate = 178,000 x 30% = $53,400.
So, the answer is $53,400.
Answer:
Poor
Explanation:
Automation has made certain jobs redundant and machines can now carry out most of the functions usually carried out by labour. As a result, the prospects for many types of jobs is low
Answer:
$664,000
Explanation:
The computation of the budgeted total manufacturing cost is shown below:
Budgeted total manufacturing costs is
= Fixed cost + Variable cost
= $24,000 + ($16 × 40,000 linear feet of block)
= $24,000 + $640,000
= $664,000
We simply added the fixed cost and the variable cost so that the total budgeted manufacturing cost could come
Answer:
True
Explanation:
Current and Quick ratio shows the liquidity position of the company. It shows that how much assets are available to company to pay off its liabilities if it becomes due in short period of time. High current and quick ratio make the company strong and it will have enough asset to deal with its obligation than with low current and quick ratio.
