Answer:
The current ration for 2018 will be "1.55".
Explanation:
The given values are:
The total current assets of 2018 is:
= $310,000
The total current liabilities of 2018 is:
= $200,000
Now,
The current ratio of 2018 will be:
= 
On substituting the estimated values in the above formula, we get
= 
= 
Answer:
Explanation:
Given the following data about Dayna's Doorstep Inc(DD) :
Cost given by; C = 100 - 5Q + Q^2
Demand ; P = 55 - 2Q
A.) Set price to maximize output;
Marginal revenue (MR) = marginal cost (MC)
MR = taking first derivative of total revenue with respect to Q; (55 - 2Q^2)
MC = taking first derivative of total cost with respect to Q; (-5Q + Q^2)
MR = 55 - 4Q ; MC = 2Q - 5
55 - 4Q = 2Q - 5
60 = 6Q ; Q = 10
From
P = 55 - 2Q ;
P = 55 - 2(10) = $35
Output
35(10) - [100-5(10)+10^2]
350 - 150 = $200
Consumer surplus:
0.5Q(55-35)
0.5(10)(20) = $100
B.) Here,
Marginal cost = Price
2Q - 5 = 55 - 2Q
4Q = 60 ; Q = 15
P= 55 - 2(15) = $25
Totally revenue - total cost:
(25)(15) - [100-(5)(15)+15^2] = $125
Consumer surplus(CS) :
0.5Q(55-25) = 0.5(15)(30) = $225
C.) Dead Weight loss between Q=10 and Q=15, which is the area below the demand curve and above the marginal cost curve
=0.5×(35-15) ×(15-10)
=0.5×20×5 = $50
D.) If P=$27
27 = 55 - 2Q
2Q = 55 - 27
Q = 14
CS = 0.5×14×(55 - 27) = $196
DWL = 0.5(1)(4) = $2
Let $x = the cost per flower.
Number of roses sold = 20
Profit on 20 roses = $6
Cost = (30 roses)($x per rose) = $ 20x
Revenue = ($0.50 per rose)*(20 roses) = $10
Profit = $10 - $ 20x = $6
That is,
10 - 20x = 6
20x = 10 - 6
20x = 4
x = $0.2 = 20 cents
Answer: She paid 20 cents per flower.
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.
Explanation:
- people will pay for the snowboards is $129.99.
- Ski Market is convinced that it needs a 45%
- The most that Ski Market can pay to its supplier for the snowboard is
- =
×45 - =$ 58.5
- =129.99 ±58.5
- = $71.49
- Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.
Answer:
41.49 approx 42 months
Explanation:
To calculate the number of months, we use the formula for loan
p = r(pv) / 1 - (1+r)-n
make n subject of the formula
p ( 1 - ( 1+r) ^-n) = r(pv)
p - p (1+r)^-n = r(pv)
p (1+r)^-n = p-r(pv)
(1+r)^-n = (p-r(pv)) / p
( 1+r)^n = p / (p-r(pv))
n In( 1+r) = In (p / (p-r(pv))
n = In ( p/ ( p - r(pv)) / In ( 1 +r)
n is the number of months, p is the payment per months
pv is the present value of 5000
substitute the values given into the equation
n = (In ( 150 / (150 - ( 0.129 / 12 × 5000)) / ( In ( 1 + ( 0.129 / 12) = 41.49 approx 42 months
