Margaret is opening a small amusement park to give the Vallejo Six Flags some competition. She must decide whether to install 1 ride or 2 rides to start out. Each ride will allow her to service 100 customers per day. One ride will result in fixed costs of $2000 per day, while two rides will result in fixed costs of $3800 per day (these things are expensive!). Variable costs will be $20 per customer, and average revenue will be $45 per customer. 1. (1 point) Determine the break-even point for one machine. 2. (1 point) determine the break-even point for two machines. 3. (1 point) if estimated demand is 90 to 120 customers per day, how many rides should Margaret install?
Answers
1. To determine the break-even point for one machine, we'll need to calculate the total cost and total revenue: Given fixed cost = $2,000 Given variable cost = $20 Given average revenue = $45 We can use the formula: Total cost (TC) = Total revenue (TR) Fixed cost + Variable cost = (45 x n) where n is the number of customers serviced per day.
(2,000 + (20n)) = (45n)n = 80 customers Therefore, to break even with one ride, Margaret must service 80 customers per day.
2. To determine the break-even point for two machines, we'll use the same formula and the following figures: Given fixed cost = $3,800 Given variable cost = $20Given average revenue = $45Total cost (TC) = Total revenue (TR)Fixed cost + Variable cost = (45 x n)where n is the number of customers serviced per day. 3,800 + (20n)) = (45n)n = 107 customers
3. If estimated demand is 90 to 120 customers per day, how many rides should Margaret install?If estimated demand is 90 to 120 customers per day, then one ride will not be enough since the break-even point for one machine is 80 customers. If Margaret installs only one ride, she will make a loss.
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Related Questions
Financial incentives paid to health care organizations to encourage focus on models of care that increase quality at a reasonable cost are called
Answers
The financial incentives which are paid to organizations in the healthcare sector to increase quality of models of care are called Performance-based payment programs.
What are Performance-based payment programs?These are programs that are meant to increase the quality of care offered to people by the health care sector.
They involve paying health care organizations financial incentives to come up with better ways of giving care.
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what is capital consumption
Answers
David is the president of Lotus Corporation (Lotus). David decided to have Lotus manufacture large, non-fuel-efficient sport utility vehicles (SUVS) just before gasoline prices rose dramatically. As a result, Lotus lost a significant percentage of its automotive market share. Lotus shareholders want to sue David for his bad decision that cost them millions of dollars. However, David made a reasonable investigation before making this decision, he had a rational basis for it, and he had no conflicts of interest regarding this decision. Which of the following is the most likely outcome if the shareholders file a lawsuit against David? a.David will be held liable under the ultra vires rule.
b.David will not be held liable, since corporate presidents have absolute Immunity from liability for decisions they made in the ordinary course of business. c.David will be held liable under the vicarious liability rule.
d.David will not be held liable under the business judgment rule.
Answers
The correct option that answers the given question is (d) David will not be held liable under the business judgment rule.If Lotus Corporation (Lotus) shareholders sue David for his bad decision of manufacturing large, non-fuel-efficient sport utility vehicles (SUVS) just before gasoline prices rose dramatically.
the most likely outcome will be that David will not be held liable under the business judgment rule.David, being the president of Lotus, made a reasonable investigation before making this decision. It is mentioned in the question that he had a rational basis for it, and he had no conflicts of interest regarding this decision. Thus, David made the decision in good faith and with proper diligence.Due to the business judgment rule, which provides protection to directors, officers, and other corporate decision-makers, the shareholders cannot file a lawsuit against David.
The business judgment rule states that corporate officers and directors are immune to personal liability for their reasonable business decisions made in good faith with appropriate care and diligence, even if their decisions result in substantial losses. Therefore, David's decision was within the ordinary course of business, and he is not liable for the loss of the company's market share.
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Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?
Answers
Answer:25,000
Explanation:
Our economists have redone their calculations. They now estimate that citizens in our country have an MPC of 0. 75. We can fix the problem by decreasing GDP by 650. How much should we increase taxes? Given our MPC of 0. 75 and our necessary increase in GDP of $160, how much should we increase government spending to fix the issue?
Answers
We need to increase government spending by $213.33 to increase GDP by $160.
Based on the given information, we can calculate the required increase in taxes and government spending to fix the issue. Firstly, we need to understand the concept of MPC (Marginal Propensity to Consume), which refers to the percentage of additional income that people spend on consumption. In this case, our economists have estimated that the citizens in our country have an MPC of 0.75.
Now, we know that we need to decrease GDP by $650 to fix the issue.
To do this, we can either decrease government spending or increase taxes. Let's consider the latter option.
To calculate the required increase in taxes, we can use the following formula:
The required increase in taxes = (Decrease in GDP) / (MPC)
Substituting the values, we get:
Required increase in taxes = ($650) / (0.75) = $867
Therefore, we need to increase taxes by $867 to decrease GDP by $650, assuming the MPC remains constant.
Next, let's calculate the required increase in government spending to fix the issue.
We know that we need to increase GDP by $160.
To calculate the required increase in government spending, we can use the following formula:
Required increase in government spending = (Increase in GDP) / (MPC)
Substituting the values, we get:
Required increase in government spending = ($160) / (0.75) = $213.33
Therefore, we need to increase government spending by $213.33 to increase GDP by $160, assuming the MPC remains constant.
In conclusion, to fix the issue, we need to increase taxes by $867 and increase government spending by $213.33, based on the given MPC and required changes in GDP.
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monopoly as a market structure leads to a.prices that equal minimum long-run average cost. b.persistent economic profits. c.quick response to economic change. d.prices equal to average cost.
Answers
Monopoly as a market structure leads to option b. persistent economic profits.
The structure of monopoly takes place when a sole business typically offers a specific commodity. The business can establish prices and regulate the commodities produced as there are no rivals. Due to this reason, this particular structure frequently has the ability to provide economic advantages that are both sustainable and higher than the average rate of return for a certain industry.
As this structure can set the prices and control the number of commodities it produces easily, therefore, it can charge higher fees and even produce less than it would in a competitive market. This can lead to higher overall profits. Moreover, it also has market power, which is the ability to influence prices and quantities in the market. This allows the business to set prices higher than they would be in a competitive market, which can lead to gains
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Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.
Answers
Answer:
A
Explanation:
America has strong laws regulate health care
Answer:
its D - Britain has a system providing free universal health care.
Explanation:
a copayment is a percentage of the fee for services provided that the patient pays. a set amount that each patient pays for each office visit. a portion of the fee that the physician must write off. a capitation payment.
Answers
Capitation payments are used by managed care organizations to regulate healthcare costs. Capitation payments control the amount of healthcare consumed by putting the doctor's finances at risk for patient care.
Describe capitation.Capitation is one way to pay for medical services. It pays a fixed amount for each enrolled individual assigned to them during a specific time period regardless of whether that person seeks care. Public insurance payments are used by managed care organizations to regulate healthcare costs. Capitation payments control the amount of healthcare consumed by putting the doctor's finances at risk for patient care. An example of capitation would be a 5,000 patient IPA, a type of HMO. The IPA must ensure that its patients will have insurance for the upcoming session.
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The we love books publishing company is this a publishing company, if so then how do I get to there web site
Answers
Answer:
www.welovebooks.net
Explanation:
You can simply type "We Love Books publishing company" in a search engine and it will show up as the second link. If not then you can just type the name of the website in the browser's search bar to take you straight to their web site which is www.welovebooks.net , They design and publish different books as well as magazines, product catalogues and corporate publications. The website also has a contact option so that you can contact them directly and make requests.
Which costing method assigns only manufacturing costs to products?.
Answers
Answer:
Traditional costing
Explanation:
Using traditional costing, only manufacturing costs can be assigned to products. Under ABC, both manufacturing and non-manufacturing costs may be assigned.
putting together a media plan explaining how to publicize an event would be an example of which cde?
Answers
A CDE for agricultural communications might be creating a media plan that details how to promote an event.
What do communications in agriculture accomplish?The agricultural communications major equips students with the skills necessary to communicate agricultural information to a variety of audiences, including consumers, legislators, citizens, farmers, agribusinesses, commodity groups, and governmental organisations.
What is agricultural communication crucial?When problems arise, it's crucial to concentrate on keeping lines of communication open within the farm operation. Family members and coworkers may become more anxious and tense when information is not disclosed. The possibility of job loss may start to worry farm workers, and rumours may start to circulate.
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does anyone know any good spells
Answers
Answer:
abra cadabra
Explanation:
Which form tells you how much you were paid by a company of which you are NOT an employee and often contains income that did NOT have taxes withheld?
Answers
Use this graphic to answer the question.
A new restaurant owner receives a loan of $400,000.00. To help the owner make the right decisions about how to spend the money, another restaurant owner has supplied a general breakdown of costs and a flowchart on how to make investment decisions.
The restaurant is in the business district, and many customers will come in mid-afternoon for lunch. Based on the flowchart and breakdown, which cost is most important to attract these customers?
insurance
food-handler’s license
background music
kitchen equipment
Answers
The food handlers license is the cost that is the most important that would help to attract the customers.
How would the cost attract customers?Based on the fact that the business is licensed to operate, the people would be able to trust the food business.
Hence they would be more likely to be able to go there in order to get the services that they need in the business.
Hence the license is the cost that would help to attract the people
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You have a three-stock portfolio. Stock A has an expected return of 17 percent and a standard deviation of 38 percent, Stock B has an expected return of 20 percent and a standard deviation of 56 percent, and Stock C has an expected return of 15 percent and a standard deviation of 38 percent. The correlation between Stocks A and B is 10, between Stocks A and C is .20, and between Stocks B and C is .22. Your portfolio consists of 30 percent Stock A, 30 percent Stock B, and 40 percent Stock C. Calculate the expected return and standard deviation of your portfolio. The formula for calculating the variance of a three-stock portfolio is: (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Answers
Expected Return: To calculate the expected return, the weight for each stock is multiplied by its expected return. Finally, the expected returns of the three stocks are summed up.
Calculation for expected return is shown below:Stock A Expected Return = 17% x 30% = 5.1%Stock B Expected Return = 20% x 30% = 6.0%Stock C Expected Return = 15% x 40% = 6.0%Therefore, the expected return of the three-stock portfolio is (5.1%+6.0%+6.0%) = 17.1%.
Standard deviation: To calculate the standard deviation of a three-stock portfolio, you must use the following formula:Formula: σp= sqrt [w1²σ1² + w2²σ2² + w3²σ3² + 2w1w2σ1σ2ρ12 + 2w1w3σ1σ3ρ13 + 2w2w3σ2σ3ρ23]Where,σp is the standard deviation of the portfolio, w1 is the weight of stock A, w2 is the weight of stock B, w3 is the weight of stock C, σ1 is the standard deviation of stock A, σ2 is the standard deviation of stock B, σ3 is the standard deviation of stock C, ρ12 is the correlation between stock A and stock B, ρ13 is the correlation between stock A and stock C, ρ23 is the correlation between stock B and stock C.
The calculations are as follows:σp= sqrt [0.3²(0.38²) + 0.3²(0.56²) + 0.4²(0.38²) + 2(0.3)(0.3)(0.38)(0.56)(0.10) + 2(0.3)(0.4)(0.38)(0.38)(0.20) + 2(0.3)(0.4)(0.56)(0.38)(0.22)]σp= sqrt [0.034632 + 0.051408 + 0.045984 + 0.0096768 + 0.0109696 + 0.013536]σp= sqrt [0.1662064]σp= 0.40753 or 40.75%.
Therefore, the standard deviation of the portfolio is 40.75%.
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Li would like to know what "managing up" means in the context of her being an HR professional.
How would
you briefly define "managing up" to Li?
Answers
In the context of being a HR professional, managing up would have to do with the management of the employees that are in an organization in terms of hiring and ensuring good conduct.
Who is a HR professional?The five key responsibilities of human resources include managing talent, pay and benefits for employees, training and development, compliance, and workplace safety. By efficiently managing the employee lifecycle, an HR department may assist in providing organizational structure and the capacity to satisfy business demands.
They act as a conduit between potential employees and the businesses hiring. While some businesses utilize outsourcing techniques, others establish a human resources department under the direction or control of an HR manager.
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Apple used easy-to-open, clean-lined, well- designed packaging for all of its products. It is one of the distinguishing marks of its branding. By designing and creating such distinctive and pleasing packaging, what does Appel inspire in its customers?
Answers
Brand loyalty is what apple does by well- designed packaging for all of its products. It is one of the distinguishing marks of its branding.
What is meant by design packaging?Form, structure, materials, color, imagery, typography, and regulatory information are all connected with auxiliary design aspects in packaging design to create a product that is fit for marketing.
However, there are a lot of factors to consider when creating a packaging because design must have a purpose. It must safeguard what's within. It must make storage and distribution simple. On a shelf stacked with other products, it must advertise who it is and bring attention to itself.
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A 120 volt circuit is operating under normal load, how much voltage is present at the grounding conductor
Answers
Answer:
0 V
Explanation:
The grounding conductor is used to provide a grounding connection for equipment and devices. Under normal conditions, the grounding conductor has no current passing through it and no voltage. During a fault, the grounding conductor serves as a pathway for current so that the device would not be damaged.
The ground serve as a reference potential (0 V) used for the flow of current from the source to the load.
What are the 3 significant types of insurance that are involved in Marine
insurance
Answers
Answer:
Liability Insurance.
Hull Insurance.
Freight Insurance.
Freight Insurance
Ship‘ owners liability
What is the purpose of jim lentz’s series of presentations to toyota employees in california?.
Answers
To address employees concerns and provide details about relocation.
Relocation of Employees
CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.
CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.
CEO of ToyotaJim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.
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Question 2 (1 point)
Kelsi works in a toy manufacturing company assembling small dolls. Her job falls into
the Maintenance, Installation & Repair pathway of the Manufacturing career cluster.
1:) True
2:) False
Answers
I guess don’t be mad if I’m wrong
The stage in the product life cycle when a successful product first becomes profitable is known as the _____ stage.
Answers
Answer:
growth stage
Explanation:
Please help me where can I find an app that helps me more about Business and becoming a business man please help thank you have a great rest of your day:)
Answers
1.] Gusto "Small business owners with a team to run may find Gusto a lifesaver."
2.] Scanner App. "This free app for small business lets you send documents and forms on the go."
3.] Square. "Square is the payment app for small business right now."
4.] Wunderlist. ...
5.]LinkedIn. ...
6.]PicMonkey. ...
7.] Shopventory. ...
8.] TripIt.
these are all ranked gusto being the best and 8 being good but not as good as the top 3
Which of the following is NOT a travel, hospitality, and tourism career?
A. Chef
B. Pilot
C. Curator
D. Truck Driver
Answers
chef is not a travel,hospitality, and tourism career
Answer:
Truck driver. that is the only one that doesn’t effect personal travel, vacations, etc
Explanation:
1. What are the four major components of a Business Intelligence (BI) system?
Answers
A Business Intelligence (BI) system has four major components. These components include data sources, business intelligence platform, business analytics tools, and user interface.
What is a Business Intelligence system?A business intelligence system (BI system) is a computer-based system that collects, integrates, analyzes, and presents large volumes of data to assist organizations in decision-making processes. These systems transform data into meaningful insights that enable businesses to make data-driven decisions.
Components of a Business Intelligence (BI) system
1. Data sources: These are the sources of data that BI systems draw from to get insights. This can include internal sources such as transactional databases and external sources such as social media platforms.
2. Business intelligence platform: This component of a BI system deals with the storage and management of the data collected from various sources. It involves the processing of data from disparate sources to make it usable in decision-making.
3. Business analytics tools: These are tools that enable the analysis of data stored in the business intelligence platform. It includes data mining, online analytical processing (OLAP), and data visualization tools.
4. User interface: This is the component of a BI system that provides users with a way to interact with the system. It is the gateway through which users can access reports, analytics, and other business intelligence outputs. The user interface should be easy to use and provide users with the ability to manipulate data to meet their needs.
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The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion
Answers
Answer:
The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
Explanation:
To calculate the GDP in a particular year after 2001, we know the equation will be,
GDP = 112 * (1+0.043)^t
Where,
t is the time in yearsIf we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.
200 = 112 * (1+0.043)^t
200 / 112 = (1.043)^t
1.785714286 = (1.043)^t
Taking log on both sides and dividing the equation for t.
log(1.785714286) / log(1.043) = t
t = 13.772 years rounded off to 14 years
So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
when setting a budget you should consider....
Answers
which material would be the best insulator?
a) Plastic
b) copper
c) steel
d) wool
Answers
how are trade and business related?
Answers
Answer:
The key difference between trade and business is that trade involves buying and selling of goods, whereas business involves all activities performed by a business entity including, buying and selling, advertising, marketing, etc.
question 21 3 pts What should be the current price of a stock if the expected dividend is $6, the stock has a required return of 20%, and a constant dividend growth rate of 6%? Enter your answer as a number with 2 decimals and without $ sign.
Answers
The answer to be entered as a number with 2 decimals and without the $ sign for the current price of a stock are 42.86.
The current price of a stock can be calculated using the Dividend Discount Model (DDM), which is a formula that estimates the value of a stock based on its expected dividends, required return, and dividend growth rate. The formula for the DDM is:
P = D / (r - g)
Where:
P = Current price of the stock
D = Expected dividend
r = Required return
g = Constant dividend growth rate
In this case, the expected dividend (D) is $6, the required return (r) is 20%, and the constant dividend growth rate (g) is 6%. Plugging these values into the formula, we get:
P = 6 / (0.20 - 0.06)
P = 6 / 0.14
P = 42.857
Therefore, the current price of the stock should be $42.857.
However, the question asks for the answer to be entered as a number with 2 decimals and without the $ sign, so the final answer is: 42.86.
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