What does it mean to be "in the black "?

Answers

Answer 1

Answer:

Answer:

The expression "in the black" is used to refer to a company's profitability and current financial health. ... When a company is in the black, it has positive earnings, is financially solvent, and not burdened by too much debt. Companies that are unprofitable and showing a loss are said to be in the red

Explanation:

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A local store estimates its typical customer's inverse demand is P=6.07−2.1Q, and it knows the marginal cost of each rental is $0.64. How much will they sell to each customer it engages in optimal two-part pricing? (use decimals) Answer:

Answers

To find the optimal quantity to sell to each customer in a two-part pricing strategy, we need to calculate the quantity at which marginal cost equals the marginal revenue. In this case, the marginal cost is given as $0.64 and the inverse demand equation is $P = 6.07 - 2.1Q$.

Marginal cost ($MC$) equals marginal revenue ($MR$) when the quantity ($Q$) sold to each customer is such that $MC = MR$.

Given that $MC = 0.64$, we need to solve for $Q$ when $MR = P$:

\[MR = P\]
\[MR = 6.07 - 2.1Q\]

Set $MC$ equal to $MR$:

\[0.64 = 6.07 - 2.1Q\]

Now, solve for $Q$:

\[2.1Q = 6.07 - 0.64\]
\[Q = \frac{6.07 - 0.64}{2.1}\]

Calculate the value of $Q$ to find the optimal quantity to sell to each customer:

\[Q \approx 2.559\]

So, the store will sell approximately 2.559 units to each customer in optimal two-part pricing.

Final answer:

The store will sell approximately 2.586 units to each customer it engages in optimal two-part pricing.

Explanation:

To determine the optimal quantity to sell to each customer using two-part pricing, we need to maximize the store's profit. The profit can be calculated as the difference between the total revenue and the total cost.

The total revenue is given by the product of the price (P) and the quantity sold (Q):

Total Revenue = P * Q

The total cost is the sum of the fixed cost (the fixed fee) and the variable cost (the variable fee based on the quantity sold). In this case, the fixed cost is not given, so we can assume it to be zero.

The variable cost is the product of the marginal cost per rental and the quantity sold:

Variable Cost = Marginal Cost * Q

To maximize profit, we need to find the quantity that maximizes the difference between total revenue and total cost.

Let's differentiate the profit function with respect to Q and set it equal to zero to find the critical point:

d(Profit)/dQ = d(Total Revenue)/dQ - d(Total Cost)/dQ = 0

Since the fixed cost is assumed to be zero, the derivative of the total cost with respect to Q is equal to the derivative of the variable cost with respect to Q, which is the marginal cost:

d(Total Cost)/dQ = Marginal Cost

Now, let's differentiate the total revenue function with respect to Q:

d(Total Revenue)/dQ = d(P * Q)/dQ = P

Setting the derivative of profit equal to zero:

P - Marginal Cost = 0

Substituting the given values:

6.07 - 2.1Q - 0.64 = 0

Simplifying the equation:

5.43 - 2.1Q = 0

Subtracting 5.43 from both sides:

-2.1Q = -5.43

Dividing both sides by -2.1:

Q = 2.586

Therefore, the optimal quantity to sell to each customer using optimal two-part pricing is approximately 2.586.

Learn more about optimal two-part pricing here:

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As Prepaid Rent is used, the asset becomes a/ana. liability.
b. expense.
c. contra-asset.
d. revenue.

Answers

As prepaid rent is used, the asset becomes a liability.
Liability because it becomes the responsibility of someone who uses the prepaid. Since the prepaid rent was used, it needs money to be able to pay them. It becomes the responsibility for someone to be able to use his money to pay the prepaid rent that was used.

The correct answer is the letter B. Expense

Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CDa.What is the CD s value at maturity( future calue)if it pays 10 percent(annual) interest?

b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?

Answers

By calculating interest at 10% for 1 year on CD
Interest = 50,000 * 10 * 1/100
Therefore future value = 50,000 + Interest
= 55000

Similary at 5%, future value is 52500
and at 15%, future valuer is 57500

The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a reasonable length of time is defined as

Answers

Answer:

The answer is arms- length transaction

Explanation:

The price a property will bring when neither the buyer nor the seller is acting under duress and it has been on the market for a reasonable length of time is defined as arms- length transaction

Tony's Carpets wants to charge $9.80 a yard for installing a carpet for Serenity Bookstore but accidentally states $8.90 a yard in the bid. Serenity Bookstore accepts Tony's bid. Tony's carpets made a ___ mistake.a. bilateral
b. unilateral
c. mutual
d. rescission
e. fraudulent

Answers

Answer:

The correct answer is (B)

Explanation:

The unilateral mistake can incorporate various parts of the agreement including explicit laws, facts, or term definitions. Going into a legitimate agreement necessitates that the two gatherings completely comprehend the terms and duties of the agreement. A case of a unilateral failure happens when one of the gatherings does not understand every aspect of the agreement. Unilateral failures will in general be more typical than bilateral when managing contracts.

Methods that FNB can use to compete with other bankes in SA

Answers

The Methods that FNB can use to compete with other banks are :

- Utilizing their banking technology in order to achieve maximum efficiency
- by Acquiring profitable subsidiaries that exist in South Africa
- by lowering their interest rates to attract more people that wanted to find some capital injection

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