(Answered) For the discussion please make sure that you show your

Accounting

For the discussion, please make sure that you show your detailed answers in the discussion board. In addition, you need to explain what are some of the implications of the numbers you found. Meaning, what do the numbers mean for you as a manager in a company?

VC= 20Q +0.006665Q2
MC= 20+0.01333Q
FC=$5000
P=50-0.01Q
MR=50-0.002Q
To maximize profits; MC=MR
20+0.01333Q= 50- 0.002Q
0.01533Q= 30
Q=1957kgs; quantity to produce in order to maximize profits

P= 50- 0.01(1957)
=$30.43
$30, the price to maximize profits

Profits= revenue - cost
(50-0.01Q)Q- TC
TC= VC + FC
20Q+0.006665Q2+5000
Profit= 50Q-0.01Q2 -(20Q+0.06665Q2 + 5000)
=50Q - 0.01Q2-20Q- 0.06665Q2 - 5000
=30Q- 0.07665Q2-5000

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92572638
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - on march 1 2017 boyd company acquired real

Question - On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. An old warehouse on the property was demolished at a cost of $8,200; th ...

Question - books and brew bb is a large city bookstore that

Question - Books and Brew (BB) is a large city bookstore that sells books and music CD's, and also has a cafe. Currently, BB uses a single-driver system to allocate its operating costs to each of its three product lines, ...

Question - henry company physical inventory on december 31

Question - Henry Company, physical inventory on December 31, 2017, merchandise with a cost of $439,670 was on hand at that date. Following items were all excluded from the $439,670. 1. Merchandise of $65,330 which is hel ...

Assignment -discuss accountant and or auditors

Assignment - Discuss 'Accountant and /or auditor's responsibilities and contributions towards corporate governance'. Summary - Identify Common and different themes for 4 articles Managerial Implications for 4 articles Li ...

Question - for the next six months rushford designs

Question - For the next six months, Rushford Designs projects the following information (in units). July Aug. Sept. Oct. Nov. Dec. Retail demand 300 300 450 600 600 600 Dealer demand 600 750 1,050 1,200 1,200 1,350 Sho ...

Question time value of money future valueinstructions for

Question: Time Value Of Money: Future Value Instructions: For this milestone, submit a draft of the Time Value of Money section of the final project, along with your supporting explanations. Base your calculations on the ...

Question - journal entries for job order costingcycle

Question - Journal entries for job order costing Cycle Specialists manufactures goods on a job order basis. Durin the month of June, three jobs were started in process. (There was no work in process at the beginning of t ...

Question - ethics classification of income statement

Question - ETHICS (Classification of Income Statement Items) As audit partner for Grupo and Rijo, you are in charge of reviewing the classification of unusual items that have occurred during the current year. The followi ...

Question in your readings this module you were introduced

Question: In your readings this module, you were introduced to Activity-Based Costing or ABC. It is a method used to determine a reliable predetermined benchmark for the allocation of overhead costs to the products produ ...

Question - last year garrison manufacturing sold 500 000

Question - Last year, Garrison Manufacturing sold 500 000 units at $4 each. Both sales volume and sales price are expected to increase by 15 per cent in the upcoming year. Calculate the expected sales revenue for the upc ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert