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Aleks [24]
1 year ago
15

NH 2015 is the only amusement park in Goleta (it has monopoly power). The owners have decided to enact a two-part tariff: a fixe

d fee to enter and a per-photo price to get a photo taken with local celebrity Serena. Suppose that the demand for photos is , and that NH 2015's cost function is . If the owners choose the fixed fee and per-photo price to maximize profits, what will the profits be
Business
1 answer:
maxonik [38]1 year ago
4 0

Answer:

The profits will be "24.5".

Explanation:

As we know,

Monopoly Power, MC=\frac{dC(q)}{dq}

                                      =11

Withe either two-part tariff,

P = MC

and,

Profit = CS (Costumer surplus)

Now,

p=18-q=11

and, q = 7

When,

q = 0 and p = 18

Profit = (\frac{1}{2})\times (18-11)\times 7

⇒       = \frac{1}{2}\times 7\times 7

⇒       = \frac{1}{2}\times 49

⇒       = 24.5

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Because orders in organizational buying are typically much larger than in consumer buying, buyers must often __________ when the
Feliz [49]

Answer:

get competitive bids from at least three prospective suppliers

Explanation:

In these specific situations, organizational buyers must often get competitive bids from at least three prospective suppliers. This is because due to the fact that the purchasing amounts are very large there can also be large amounts of money saved by saving a couple of percentages on a purchase. Also since the seller can make large profits from a large order like this one, most suppliers place competitive bids in order to win the transaction.

4 0
1 year ago
What is​ fraud? A. Fraud is untruthful financial reporting. B. Fraud is the misappropriation of assets. C. Fraud is the intentio
aniked [119]

Answer:

The correct answer is C. Fraud is the intentional misrepresentation of facts made for the purpose of persuading another individual to act in a way that causes injury or damage to that individual.

Explanation:

In the broadest sense, fraud can encompass any crime for profit that uses deception as its main modus operandi. More specifically, fraud is defined by the Black's Law Dictionary as:

 "A false statement knowing the truth or the concealment of a material fact for the Fraud Scheme to induce another to act at its expense."

Consequently, fraud includes any intentional or deliberate act of depriving another of property or money by cunning, deception, or other unfair acts.

Fraud can compromise a company, either internally by employees, managers, officers or owners of the company, or externally by customers, suppliers and other parties. Other ways to defraud people, rather than companies.

3 0
2 years ago
At the beginning of the year, Brick Makers had cash of $183, accounts receivable of $392, accounts payable of $463, and inventor
Pie

Answer:

amount of the net source $15

Explanation:Working\ capital= Current\ assets-Current\ liabilities

source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]

cash = $183

received amount = $392

inventory =$714

payable amounts =$463

current assest = (183+392+714)-463=$826

current liabilities =(167+682+409-447)=$811

cash = $167

received amount = $409

inventory =$682

payable amounts =$447

current liabilities =(167+682+409-447)=$811

Hence since current liabilities is more than current assests, therefore there will be loss of accounts

Hence source of cash= (826-811) = $15.

7 0
2 years ago
Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sa
Irina-Kira [14]

Answer:

Net Income      186,900

Explanation:

sales                                   730,000

variable cost

40% of sales

40% of 730,000 =            (292,000)

Selling expense                 (81,000)

Administrative expense    (90,000)

Earnigns before taxes        267,000

income tax expense

30% of EBT

30% of 267,000  =               (80,100)

Net Income                         186,900

8 0
2 years ago
Southern Corporation has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change
Scorpion4ik [409]

Answer:

so cost of capital =  9.9 %

correct option is a 9.9%

Explanation:

given data

capital structure = 40%

common equity = 60%

tax rate = 34%

pretax cost = 8.5%

pretax cost = 10%

market price = $59

Flotation costs = $3 per share

common stock dividend = $3.15

Dividends expected to grow = 7%

to find out

cost of capital if the firm uses bank loans and retained earnings

solution

cost of retained earning = \frac{dividend* ( 1+growth rate )}{stock price} + growth rate       ........................1

cost of retained earning = \frac{3.15 * ( 1+0.07)}{59} + 0.07

cost of retained earning =0.1271271186

and

cost of capital will be

cost of capital = weight for debit × ( cost of debit  × ( 1 - tax rate ) ) + weight for common stock × cost of common stock

cost of capital = 0.40 × ( 8.5% × ( 1 - 0.34 ) ) + 0.60 × 0.1271271186

cost of capital =  0.0987

so cost of capital =  9.9 %

correct option is a 9.9%

6 0
2 years ago
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