The marginal revenue of the 11th bicycle is $150.
Calculation of Marginal revenue:
Change in Total Revenue = Total Revenue – Revenue figure before the additional unit was sold
Marginal revenue = (11*700) - (10*701)= $150.
<h3>What is
Marginal revenue ?</h3>
Marginal revenue is the rise in income that occurs from the sale of one extra unit of product. While marginal revenue can continue constantly over a particular level of output, it follows the law of diminishing returns and will ultimately decrease as the output level increases. Ideally, ambitious firms proceed to produce output until marginal revenue approaches marginal cost.
The formula for calculating marginal revenue is:
Marginal Revenue= Change in Revenue/ Change in Quantity
Marginal Revenue = (Current Revenue - Initial Revenue) / (Current Product Quantity - Initial Product Quantity)
Learn more about Marginal Revenue on:
brainly.com/question/13251693
#SPJ4
Answer:
The Yowell's net cash flow from operating activities is $14,500
Explanation:
In the direct method, the operating activities record revenues and expenses which are earned and incurred during a particular year.
The computation of the net cash flow from operating activities is shown below:
= Consulting services revenue - rent expense - employees' salaries expense
= $64,000 - $15,500 - $34,000
= $14,500
The other items which are mentioned in the question are related to the investing and the financing activities. So, these items would not be considered in the computation part.
Answer and Explanation:
The computation is shown below:
For Direct labor rate variance, it is
= (Actual rate - Standard rate) × Actual hour
= ($14.5 - $14.8) × 2,430 hours
= $729 favorable
For Time variance, it is
= (Actual hours - standard hours) × standard rate
= (2,430 hours - 2,390 hours) × $14.80
= $592 unfavorable
So, the Total labour cost variance is
= $729 favorable + $592 unfavorable
= $137 favorable
There are different kinds of studies. According to a recent study, nearly all business professionals expect an email response within 4 hours.
<h3>Who are business professionals?</h3>
Business Professionals are known as people that are called expert or professionals in the area of business that deals on product.
The business professionals love prompt response to their emails and do not want to be kept waiting, A response within a day is what they are after.
learn more about business professionals from
brainly.com/question/24553900
Answer:
A significant difference between a trial and an administrative hearing is thtat a hearsay con be introduced as evidence, in an administrative hearing.