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2 years ago

Write 3 to 5 sentences explaining which levels of production provide Alonzo’s cycling with the maximum profit

Business

2 answers:

Delvig [45]2 years ago

8 0

The relationship between cost, revenue and profit can be presented using the formula:

Profit = Revenue - Cost

However, in the table given, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced. Simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.

worty [1.4K]2 years ago

6 0

Answer:

Profit is maximized when marginal revenue equals marginal cost. Profit is maximized when five or six bikes are made each day. Profit declines when more than six bikes are produced each day.

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Based on the data in the graphs, Alonzo's Cycling should produce five or six bikes if it wants to maximize its profits. This is because the sixth bike is the point at which the marginal revenue matches the marginal cost. The company will make $90 in profit with the sale of its fifth or sixth bike each day. After that, the profit begins to fall with each sale.

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Partial balance sheets and additional information are listed below for Monaco Company. Monaco Company Partial Balance Sheets as

Studentka2010 [4]

Answer:

Net Purchases = Cost of goods sold - Decrease in Inventory

= $308,000 - $16,500

= $291,500

Cash paid to Suppliers = Net Purchases + Decrease in accounts Payable

= $291,500 + $13,500

= $305,000

The summary entry is as follows:

Merchandise Inventory A/c Dr. $291,500

Accounts payable A/c Dr. $13,500

To cash $305,000

(To record the amount of cash paid to merchandise suppliers during 2018)

5 0

2 years ago

Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise from $31,900 per year to $33

choli [55]

Answer:

Price elasticity of demand = 10.21

Explanation:

Given:

Old income (P0) = $31,900

New income (P1) = $33,500

Old Quantity (Q0) = 3 times

New Quantity (Q1) = 5 times

Computation of Price elasticity of demand :

Midpoint method:

Price elasticity of demand =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\frac{\frac{5-3}{\frac{5+3}{2} } }{\frac{33,500-31,900}{\frac{33,500+31,900}{2} } }\\\frac{\frac{2}{\frac{8}{2} } }{\frac{1600}{\frac{65400}{2} } }\\\frac{\frac{2}{4} }{\frac{1600}{32700} } }\\10.21$

Price elasticity of demand = 10.21

5 0

2 years ago

(Ignore income taxes in this problem.) Naomi Corporation has a capital budgeting project that has a negative net present value o

olga2289 [7]

Answer:

$10,824 or more

Explanation:

Please see attachment .

6 0

2 years ago

When new coke was introduced, it failed miserably in the market. after removing it from its product line, what did coca-cola mos

Mama L [17]

The correct option is this: COCA COLA WILL SHIFT THE EXCESS CAPACITY TO THE PRODUCTION OF OTHER SOFT DRINK PRODUCTS.
The capacity that was devoted to the failed drink will be diverted towards the production of other soft drinks that the Coca cola company is manufacturing.

4 0

2 years ago

Read 2 more answers

1. Heather and Joe want the lowest interest rate for their residential mortgage. Which financial institution is designed to offe

gogolik [260]

By definition, a mortgage is loan that is used to purchase a property. The financial institutions can are designed to offer low interest rates on residential mortgages are commercial banks and loan associations. They often lead against the one-to-four family mortgages.

7 0

2 years ago