Need answer the accounting question Lynbrook West, an apartment complex, has 100two-bedroom units. The monthly profit (in dollars)realized from renting x apartments is representedby the following function.P(x)=-11x2+1830x-34000a) What is the actual profit realized from renting the41st unit, assuming that 40 units have already beenrented?

Step 1: Define ProfitThe profit is a known parameter in entrepreneurship wherein this considers the…

Answered: Lynbrook West, an apartment complex,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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7. An individual's utility function is given by U =1000x, + 450x, +5x,x, – 2.x² – x where is the amount of leisure measured in hours per week and *is income earned measured in cedis per week. Determine the value of the marginal utilities, when *= 138 and *= 500. Hence estimate the change in utility if the individual works for an extra hour, which increases earned income by GH¢15 per week. Does the law of diminishing utility hold for this function?
The rental cost of renting a machine that is $20,000 per year plus $0.70 per machine hour of use during the year, is an example of a mixed cost. True False
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Use CVP and compute the rooms sales necessary to achieve a net income of $156,000 for a single-product motel with total fixed costs of $180,000, an average room rate of $50, and a variable cost per room of $20. The motel’s income tax rate is 35 percent. Prove the accuracy of your answer.
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suppose you sell 8,000 of the 3 pack lenses described in question 3 above in one year. You cost on each 3 pack is $29.95 and you sell them for $59.95. if your operating expenses for the year total $144.080, what are your Net Income and Net profif margin percentage?
Your friend would like to add an addition to the home. The home was originally purchased for $175,000. The addition would cost $38,000. You expect the addition can improve its value by 4% 1. What is the ROI (write as a percentage)? 2. Is it a good idea (Yes or No, based on ROI)?

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