You are thinking of opening a Broadway play. It will cost $5.0 million to develop the show. There are 8 shows per week, and you project that the show will run for 100 weeks. It costs $1,000 to open the theatre each night. Tickets sell for $50 each, and you earn an average of $1.50 per ticket holder from concession sales. The theatre holds 800 people, and you expect 80% of the seats to be full.
1. Given your other assumptions, how many weeks will the play have to run for you to earn 100% return on the play’s development cost? Explain your answer.
2. Given your other assumptions, how does an increase in the percentage of seats full affect profit? Explain your answer.
3. Given your other assumptions, determine how a joint change in the average ticket price and number of weeks the play runs influences profit. Explain your answer.
Answers
When profit is at its maximum, the partial derivatives are equal to zero, i.e., ∂Profit/∂x = 0 and ∂Profit/∂y = 0. Therefore, we have:y = 0x = 7,812.5 weeksThis means that an increase in the average ticket price would not affect the number of weeks the play runs. But the profit will increase with an increase in the number of weeks the play runs, which is maximized at 7,812.5 weeks.
1. To achieve a return of 100%, the revenues must equal the cost of developing the show. The revenue generated from tickets and concessions should cover the costs. The ticket revenue is ($50 × 800 × 80% × weeks), while the concession revenue is ($1.50 × 800 × 80% × weeks). The weekly fixed cost of the theater opening is $1,000. The total revenue generated by the show is:($50 × 800 × 80% × weeks) + ($1.50 × 800 × 80% × weeks)= (32000 + 960 × weeks) × weeksThe total cost of the show is $5.0 million, or 5,000,000 = 32000 weeks + 960 weeks²weeks² + 32000 weeks - 5,000,000 = 0After solving the equation, we get weeks ≈ 162. Therefore, the show must run for at least 162 weeks to achieve a 100% return on the development cost.2. The percentage of seats full affects the number of people in attendance. This, in turn, affects revenue and profit. If the percentage of seats occupied increases from 80% to 90%, the weekly revenue generated by ticket sales would be (800 × 90% × $50) = $36,000. The weekly concession revenue would be (800 × 90% × $1.50) = $10,800. The total weekly revenue would be $46,800. The fixed cost per week remains at $1,000. The profit would then be:$46,800 - $1,000 = $45,800Thus, an increase in the percentage of seats occupied would increase profit.3. Let the average ticket price be x and the number of weeks the play runs be y. The weekly ticket revenue is (800 × 80% × x). The weekly concession revenue is (800 × 80% × $1.50). The weekly fixed cost of the theater opening is $1,000. The total revenue generated by the show is:(800 × 80% × x × y) + (800 × 80% × $1.50 × y)The total cost of the show is $5.0 million, or 5,000,000. The profit formula would be:Profit = (800 × 80% × x × y) + (800 × 80% × $1.50 × y) - ($1,000 × y) - 5,000,000Then, taking the partial derivative with respect to x and y, we get:∂Profit/∂x = 640y∂Profit/∂y = 640x + 480 - 1000 - 5,000,000 = 640x - 5,001,520When profit is at its maximum, the partial derivatives are equal to zero, i.e., ∂Profit/∂x = 0 and ∂Profit/∂y = 0. Therefore, we have:y = 0x = 7,812.5 weeksThis means that an increase in the average ticket price would not affect the number of weeks the play runs. But the profit will increase with an increase in the number of weeks the play runs, which is maximized at 7,812.5 weeks.
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Related Questions
How did advances in physics and chemistry dramatically change manufacturing?
A) made large multinational companies possible
B) forced companies to share control of the production process
C) employed fewer workers
D) created research and development divisions
Answers
Answer:
D
Explanation:
it gave many opportunities for research as it says bc physics is a rabbit hole of knowledge as well as many jobs such as engineering need physics to make things not mess up
Karan has been given the task to create the concept for an ad that shows the company’s product as a solution to the customer’s needs. He has also been given the directive to keep the ad true and to avoid claiming anything that the product would not be able to do. Which advertising features has Karan been asked to adhere to his ad concept?
Karan has been asked to utilize the blank and blank features of advertisement.
Answers
Answer is given below:
Explanation:
When it comes to the number of workers to run a company and you need guidance and motivation to work with full diligence to get the best product ever. Hoping that he will start helping to motivate invoices and other ideas to be completed without risk, in the hope that it will bring more profit to the company.______ If an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the:A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).B) employer is much safer from a charge of national origin discrimination than an employer who only enforces the policy in certain areas and at certain times.C) employer impermissibly violates Title VII of the Civil Rights Act, which protects the ability of workers to express their cultural heritage at the workplace.D) employer’s policy is not unlawful because all individuals, irrespective of their national origin, are required to speak English in the United States.
Answers
Answer:
A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
Explanation:
The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.
Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;
I. To communicate with customers who can speak English only.
II. To efficiently promote cooperative work assignments among teams (employees).
III. To enhance or facilitate safety during an emergency.
Hence, if an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
Creating graphs to reach equilibrium
Answers
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
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https://brainly.com/question/14297698#SPJ9how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?
Answers
answer amd explanation: i think smartphones are a distraction.
assume the following information: milling department materials conversion total cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 costs added during the period 291,600 385,000 676,600 total cost $ 301,600 $ 400,000 $ 701,600 assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. if 4,620 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the milling department?
Answers
The total cost of the ending work in process inventory in the milling department is $39,200
Given,
Total cost of beginning work in process inventory = $10,000 $15,000 $25,000
Costs added during the period = $291,600 $385,000 $676,600
Total cost = $301,600 $400,000 $701,600
Thus, the computation of the total cost of ending work in process is shown below:
Equivalent cost per unit
Material = $301,600 ÷ 5,200 units = $58 per unit
Conversion = $400,000 ÷ 5,000 units = $80 per unit
Now, ending work in process is calculated below-
= 400 units × $58 + 200 units × $80
= $23,200 + $16,000
= $39,200
Hence, the total cost of ending work in process is $39,200.
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Please Help 100 Points + Brainlest Answer
Take in note *If I have $1046 spending cash for 1 month * Answer the Following questions based on that.
Your daughter gets sick and has to be in the hospital. You have to pay $2000 out of pocket before the health insurance company starts to pay the bill. What is this an example of?
Did you have enough left over from your pay check to cover that expense?
The following month, your wife gets into a car accident. She is out of work, but luckily you have been paying for _________________________ which helps pay the bills.
The month after, your son gets into a minor car accident. You must pay $500 out of pocket before your _______________________ company pays for the rest of the damages.
Your insurance goes up to $250 per month from $100. Do you have enough left over from your paycheck to cover that expense?
The government passes a new tax law that increases the tax percentage to 20% (.2) for less than $50,000, 30% (.3) for 50-99,999, and 40% (.4) for anyone making over $100,000. How much less will you be bringing home after taxes?
You get laid off from your job and find a job that only pays $25,000 a year. Your spouse finds a job that only makes $25,000 a year. You make $50,000 total but now you have to pay for daycare which is $300 a month. How much money do you have left over after you include all your other expenses?
Do you have enough money, or do you have to cut back on your expenses?
You want to go on vacation, and you charge $6,000 for a vacation to Disney. If the interest rate is 25%, how much will you have to pay IF you were able to pay it off all at once? 6,000 x .25 = _____ + 6,000 = _______
You have a third child, and now your grocery bill goes up another $100. How much do you have left over?
Answers
Explanation
you ill have 234 left
Explanation:
234 Will Be Left Hope It Helps U
If management operates to maximize the firm's profits, this will also maximize the market value of stockholders' wealth.
a. True
b. False
Answers
Answer:
b. False
Explanation:
The shareholder wealth could be maximized when there is a rise in the stock price as when the stock price rises, it automatically rised the value of the firm and the net worth also
Therefore in the given situation, in case when the firm wants to maximise its profits so it not necessary to increased the market value
Therefore the given statement is false
A consumer has an MRS of x for y equal to 1/3 for any quantity of x and y. They currently have 10 units of x and 10 units of y. Would they prefer to have 8 units of x and 11 units of y? Explain why or why not.
Answers
The consumer has a constant MRS of 1/3, this ratio must be equal to 1/3. As a result, the marginal utility of the 11th unit of y must be three times that of the 8th unit of x. If the consumer exchanges the 8th unit of x for the 11th unit of y, the marginal utility will rise by three times.
Marginal Rate of Substitution (MRS) is defined as the rate at which a consumer is ready to exchange or trade one good for another while keeping the level of utility or satisfaction constant.
It is also known as the slope of an indifference curve. A consumer has an MRS of x for y equal to 1/3 for any quantity of x and y. They currently have 10 units of x and 10 units of y.
Given that the MRS is constant, the indifference curves are straight lines with negative slopes. The slope of the indifference curve represents the consumer's MRS, which is constant in this case.
The consumer currently has 10 units of x and 10 units of y. The utility derived from this bundle can be represented by a point on the indifference curve. To determine whether the consumer would prefer 8 units of x and 11 units of y, we must examine the marginal rate of substitution between these two goods.
The marginal rate of substitution between x and y is the absolute value of the slope of the indifference curve at that point.
Suppose the consumer receives a marginal utility of 10 from the 10th unit of x and 5 from the 10th unit of y. To calculate the MRS between the 10th unit of x and y, we must use the following formula: MRS(x, y) = MUx/MUy.
Because the consumer has a constant MRS of 1/3, this ratio must be equal to 1/3. As a result, the marginal utility of the 11th unit of y must be three times that of the 8th unit of x. If the consumer exchanges the 8th unit of x for the 11th unit of y, the marginal utility will rise by three times.
As a result, the consumer will be better off exchanging the 8th unit of x for the 11th unit of y. As a result, the consumer would prefer 8 units of x and 11 units of y.
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Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answers
Answer:
Explanation:
Less
FIRST ANSWER GETS BRAINLIEST!
(If you answer with nonsense, brainliest will go to the other person)
Personal & Family Finance
You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
A) Change all of your passwords and PINs.
B) Do not put anything about the closing of the account in writing.
C) Put a permanent credit freeze on your credit report.
Answers
Answer:
C
Explanation:
Answer:
A) Change all your passwords and pins
Explanation:
when you do this, you better secure your information to keep unwanted hackers out, if you change your passwords and pins, hackers will need to figure out what the new codes are
the answer is not C) put a perm freeze on your account- becuase though it does stop anyone from using your information to make new accounts, it also stops YOU from making any new accounts as well, a freeze can be a temporary fix -i.e. to buy you more time to secure things and figure out whats going on-, but not perminant
hpe this helps you out, sorry if im a little late on answering
Suppose General Electric payed its line workers $12 per hour
Answers
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
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Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
Choose an incorrect answer about global supply chain: The higher the cost of communication, the more global supply chain activities. The more international trade, the more global supply chain activities. The lower the transportation costs, the more global supply chain activities. The higher the demand for foreign products, the more global supply chain activities.
Answers
The incorrect answer about global supply chain is: The higher the cost of communication, the more global supply chain activities.
In reality, the lower the cost of communication, the more global supply chain activities tend to increase. Advances in communication technologies and the decreasing costs associated with them have facilitated global connectivity and coordination among different entities in the supply chain. With more affordable and efficient communication methods, businesses can easily collaborate, exchange information, and manage operations across different geographic locations.
This has led to the expansion of global supply chains as organizations can overcome the barriers of distance and effectively manage complex networks of suppliers, manufacturers, distributors, and customers worldwide.
Therefore, the statement suggesting that higher communication costs result in more global supply chain activities is incorrect. In practice, lower communication costs play a significant role in enabling and enhancing global supply chain operations.
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Bank's Balance Sheet
Assets Liabilities and Owners' Equity
Reserves $200 Deposits $1,600
Loans $800 Debt $250
Securities $1,000 Capital (owners' equity) $150
Suppose a new customer adds $100 to his account at Northeastern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account anddecrease the account.
This would also bring the leverage ratio from its initial value of to a new value of .
Which of the following is true of the capital requirement? Check all that apply.
Its intended goal is to protect the interests of those who hold equity in the bank.
It specifies a minimum leverage ratio for all banks.
The higher the percentage of assets a bank holds as loans, the higher the capital requiremen
Answers
This would increase the loans account and increase the deposits account. The initial value of 13.33 to a new value of 14. The higher the percentage of assets a bank holds as loans, the higher the capital requirement. Thus, option (c) is correct.
What is a Balance Sheet?
The balance sheet and details of reconciled transactions for each account are the two most important reports that the accountant will want.
(a) This would increase the reserves account and increase the deposits account.
(b) The bank leverage ratio refers to its Assets divided by Capital (Owner's equity).
Liabilities should match assets. Therefore, keeping both sides equal by adding $100.
= (Reserves + loans + securities)/Capital
= (200 + 800 + 1,000) / 150
initial value of 13.33
After the $100 was borrowed
= (200 + 800 + 1,000 + 100) /150
new value of 14
(c) The capital requirement increases as the proportion of an institution's assets held as loans rises. Given that loans are made from deposits, the capital requirement is intended to safeguard depositors in the event that loans are defaulted upon.
Hence, the significance of the Balance Sheet is aforementioned.
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Trisha is working on putting together pictures of all of the best wedding cakes that
she has decorated and designed throughout her culinary career. She is hoping this compilation will help her get a job at the catering company that she has been wanting to work at for years. What is Trisha putting together to show her potential employer?
A. portfolio
B. resume
C. work visa
D. letter of intent
Answers
Answer:
A. Portfolio Is the Anwser to the Question
A stock's beta equals 2. The market return is expected to be 8 percent. The risk-free rate equals 3%. What is the expected return on the stock based on the CAPM
Answers
The expected return on the stock based on the CAPM is 13%.
To calculate the expected return on the stock based on the Capital Asset Pricing Model (CAPM), we need to use the following formula:
Expected Return = Risk-free rate + Beta * (Market return - Risk-free rate)
In this case, we know that the beta of the stock is 2, the market return is expected to be 8%, and the risk-free rate is 3%. Substituting these values into the formula, we get:
Expected Return = 3% + 2 * (8% - 3%)
Expected Return = 3% + 2 * 5%
Expected Return = 3% + 10%
Expected Return = 13%
Therefore, the expected return on the stock based on the CAPM is 13%.
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a company has an inventory period of 26.5 days, an accounts payable period of 43.1 days, and an accounts receivable period of 34.7 days. what is the company's operating cycle?
Answers
An organization's operational cycle is the period of time it takes to purchase goods, sell them, and get paid for those sales. The company's operating cycle is 18.1 days.
What is the operating cycle?The days needed for a business to receive inventory, sell the goods, and collect money from the sale of the inventory are referred to as an operating cycle (OC). This cycle is crucial in evaluating how effectively a business operates.
The operating cycle is calculated using the formula:
Operating cycle = Inventory period + Account receivable period - Account payable period
= 26.5 + 34.7 - 43.1
= 18.1 days
Therefore, 18.1 days is the company's operating cycle.
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i have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
Answers
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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What will happen if the price of one of the resources used to produce a good increases? a. The demand curve for that good will shift to the left. b. The demand curve for that good will shift to the right. c. The supply curve for that good will shift to the left. d. The supply curve for that good will shift to the right.
Answers
Answer:
. The supply curve for that good will shift to the left.
Explanation:
A shift in the supply curve arises when suppliers increase or decrease production. A shift in the supply curve is a result of a change in supply. An increase in supply results in the supply curve shifting to the right, While a decrease makes it shift to the left.
Factors that cause suppliers to reduce production makes the supply curve to shift to the left or inwards. Examples of such factors include an increase in taxation, civil unrest, or changes in technology.
An increase in the price of raw material will make production more challenging for suppliers. The output from suppliers will decrease, causing the supply curve to shift to the left.
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answers
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
the rent a firm pays each month for office space is an example of a(n)
Answers
The rent a firm pays each month for office space is an example of an expense.
An expense is a cost incurred by a business in order to generate revenue. Rent for office space is a necessary expense for most businesses, as it provides a physical location for employees to work and for customers to visit. Other common expenses for businesses include salaries, utilities, supplies, and marketing costs. By tracking and managing expenses, businesses can ensure they are operating efficiently and maximizing their profits.
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in the interview process, the interview should avoid rudeness, coarseness, condescension, and
Answers
In the interview process, the interview should avoid rudeness, coarseness, condescension, and hostility, as the entire recruitment and selection process must be carried out based on ethics, respect and cordiality.
A job interview is an essential step in the candidate selection process, where the recruiter has the opportunity to learn more about the candidate's skills for a vacancy, in a more dynamic and flexible way.
Therefore, it is essential that the recruiter is cordial and uses ethics to expose their doubts and questions to the candidate, avoiding hostile and rude behavior, as this will increase reliability and the interview will be more effective.
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Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?
Answers
Explanation:
Naddison
NA
Natson
Naddy
accounts receivable are valued and reported on the balance sheet question 1 options: a) at gross amounts less sales returns and allowances. b) only if they are not past due. c) at cash realizable value. d) in the investment section.
Answers
Accounts receivable are valued and reported on the balance sheet at the cash realizable value.
The cash realizable value is the expected amount of cash that the company will receive from its accounts receivable after accounting for any uncollectible amounts, discounts, or allowances.
This means that accounts receivable are not reported on the balance sheet at their gross amounts or only if they are not past due. Instead, they are reported at the estimated amount of cash that the company expects to collect.
The cash realizable value is calculated by subtracting the estimated amount of uncollectible accounts, sales discounts, and sales allowances from the total accounts receivable balance. This provides a more accurate representation of the company's current financial position and the amount of cash that it can expect to receive in the future.
Therefore, option C - at cash realizable value - is the correct answer to this question.
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I really need help with this asap
Answers
Simone and Taylor are considering the possibility of coaching basketball to kids during the summer. A local gym opens at noon, so it is available to rent in the morning. The cost of renting the gym during the 10-week period is $1,700. The gym would also charge $7 per child, and Simone and Taylor estimate an additional $5 cost per child to hire assistants. Simone and Taylor plan to charge 75.00 per student for the 10-week session.
A. What is the selling price/unit, fixed cost, and variable cost/unit
B. How many pupils do Simone and Taylor need to enroll in their class to break even?
C. Simone and Taylor estimate that they might not be able to enroll more than 60 children. If they enroll this many children, how much would they need to charge per pupil to realize the profit goal of $5,000?
Answers
A.
Selling price/unit: $75.00 per studentFixed cost: $1,700 for renting the gymVariable cost/unit: $7.00 per child for the gym charge + $5.00 per child for hiring assistants, totaling $12.00 per childB. To break even, the total revenue should cover the total costs. Let's denote the number of pupils as 'x'.
Total revenue = Selling price per unit * Number of pupils = $75.00 * xTotal cost = Fixed cost + Variable cost per unit * Number of pupils = $1,700 + $12.00 * xTo break even, we set the total revenue equal to the total cost:
$75.00 * x = $1,700 + $12.00 * xSimplifying the equation:
$63.00 * x = $1,700x = $1,700 / $63.00x ≈ 27Simone and Taylor need to enroll at least 27 pupils in their class to break even.
C. If they enroll 60 children, we can calculate the revenue needed to achieve a profit goal of $5,000.
Total revenue needed = Total cost + Profit goalTotal cost = Fixed cost + Variable cost per unit * Number of pupils = $1,700 + $12.00 * 60Profit goal = $5,000Total revenue needed = $1,700 + $12.00 * 60 + $5,000Total revenue needed = $1,700 + $720 + $5,000Total revenue needed = $7,420To calculate the charge per pupil, we divide the total revenue needed by the number of pupils:
Charge per pupil = Total revenue needed / Number of pupils = $7,420 / 60Charge per pupil ≈ $123.67Simone and Taylor would need to charge approximately $123.67 per pupil if they enroll 60 children to realize the profit goal of $5,000.
About RevenueIn business, revenue is the amount of money received by a company or organization from its activities such as selling products and/or services to customers. For the government such as revenue through revenue or tax collection.
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1. Why has the average US company's current ratio decreased since 1981? A. Better accounts payable management B. Better inventory management C. Better accounts receivable management D. Both B and C E. None of the above 2. Which of the following are true? A. Operating cycle equals average age of inventory plus average payment period B. Cash conversion cycle equals operating cycle plus average collection period C. Cash conversion cycle equals operating cycle minus average payment period D. Average age of inventory equals operating cycle plus average collection period E. None of the above. 3. During 2021, Bismuth Cartridge Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was Bismuth's average age of inventory for the year? A. 8 days B. 7 days C. 1 day D. 91 days E. None of the above 4. If a firm wishes to shorten its operating cycle, it should A. Turn over inventory as slowly as possible B. Offer generous credit terms to customers with long repayment periods C. Invert its cash collection cycle D. Turn over inventory as quickly as possible E. None of the above
Answers
So, the correct option is E.4. If a firm wants to shorten its operating cycle, it should turn over inventory as quickly as possible. So, the correct option is D.
1. The reason why the average US company's current ratio has decreased since 1981 is that Better inventory management and Better accounts receivable management have happened. So, the correct option is D.
2. The following statements are true: Operating cycle equals average age of inventory plus average payment period. Cash conversion cycle equals operating cycle plus average collection period. So, the correct options are A and B.
3. The formula to calculate the average age of inventory is as follows: Average age of inventory = (Average inventory / Cost of goods sold) x Number of days in the year. Average age of inventory = (104/13000) × 365= 2.95 days ≈ 3 days.
So, the correct option is E.4. If a firm wants to shorten its operating cycle, it should turn over inventory as quickly as possible. So, the correct option is D.
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A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answers
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
Which of the following statements is true of job rotation? It requires strong multitasking skills. It is a variation of work simplification. It horizontally enlarges jobs. It results in overspecialization.
Answers
The statement that is true of job rotation is that it horizontally enlarges jobs. Job rotation is a practice in which employees are shifted from one job to another on a regular basis. This helps them gain exposure to different types of tasks and roles within the organization.
Job rotation is often used as a tool for employee development, cross-training, and succession planning. One of the benefits of job rotation is that it horizontally enlarges jobs. This means that employees are given the opportunity to learn and perform a wider range of tasks and responsibilities. As a result, they are able to develop new skills and knowledge that can be applied to different areas of the business. This also helps to prevent boredom and burnout, as employees are constantly being challenged and exposed to new experiences.
It is not true that job rotation requires strong multitasking skills. While employees may need to be able to manage multiple tasks at once, job rotation is primarily about learning and developing new skills, rather than simply juggling multiple tasks at once. Similarly, it is not true that job rotation is a variation of work simplification. Work simplification is a technique used to reduce the number of steps or tasks involved in a job, with the aim of increasing efficiency. Job rotation, on the other hand, is about increasing the scope of an employee's job, rather than simplifying it. Finally, it is not true that job rotation results in overspecialization. In fact, job rotation is designed to prevent overspecialization, by exposing employees to a wider range of tasks and roles. By doing so, employees are able to develop a broader skillset, which can be applied to different areas of the business.
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