Make an equation for the number of cups sold

Assignment Help Finance Basics
Reference no: EM1350954

Suppose you had a lemonade stand, and when you charge $1 per cup pf lemonade you sell 60 cups. But when you raise the price to $1.50 you only sell 30 cups. Write an equation for the number of cups you sell as a function of the price you charge. Denote "C" for number of cups, and "P" for the price you charge. Assume the function is linear.

Reference no: EM1350954

Questions Cloud

Procedures for initial planning of financial statement audit : Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?
Determine tax bracket after-tax income : Mr. Smith is in the 30 percent tax bracket. He earns $50,000 per year. Determine the rate for Good Neighborcare bond that would give Mr. Smith the same after tax return as Megacorp bond?
Conducting financial audit and fraud audit : Discuss the key difference between conducting a financial audit and a fraud audit, and the related level of responsibility of the auditing firm.
Stages of emotional-intellectual and psysiological : I need help summarize stages of emotional, intellectual, psysiological, and social development of middle child hood children.
Make an equation for the number of cups sold : Assume you had a lemonade stand, and when you charge $1 per cup pf lemonade you sell 60 cups. But when you raise the price to $1.50 you only sell thirty cups.
Forward style and employee policy memo : Write a memo to Forward Style Inc. management to explain which of their offered benefits are required by law and which of the benefits are being used to attract employees.
Critique current auditing standards : Explain how a licensed CPA (as an outside auditor) could be of value to your company. Critique current auditing standards. Analyze the importance of ethics in the audit process.
Prepare a tabular analysis of the transactions : Barone's Repair Corporation was started on May 1st A summary of May transactions is presented below. make a tabular analysis of the transactions, using the following column headings: Supplies, Equipment, Accounts Payable,
Description of reactive and preactive management : Explain and compare the three primary styles of management. Give industry examples as well as how each style handles issue resolution.

Reviews

Write a Review

Finance Basics Questions & Answers

  Foreign corporate tax rate

Assume England raised its corporate tax rate by 1 percentage point from 40% to 41%. How would this raise affect the economics of U.S.-U.K. foreign expansion project?

  Explain after tax cost of debt and preference stock

Explain After tax Cost of debt and preference stock and analysis calculate and explain the after-tax cost of preferred stock for a company

  Option makes a portfolio that is gamma neutral

Explain what position in the option makes a portfolio that is gamma neutral and Give size of position and state whether it is long or short

  Ipo initial public offering

Explain how the Initial Public Offering (IPO) process works and its positive and negative aspects. Who benefits? How effective is the transfer of capital from savers to users (how much lost in the process)?

  Compute the cost of borrowing by using debt

Based on information given above, compute the cost of borrowing by using debt for present company.

  Relevant governance or ethical issues

Describe any relevant governance or ethical issues the M&A activity faced during its formative term? Discuss specifics and how the issue was handled.

  Computation of net present values

Computation of Net Present Values and Internal Rate of Returns and Cross Over rates to select among mutually exclusive projects based on cash flows and discounting rates

  Computation of net income and annual rate of return and npv

Computation of net income and annual rate of return and NPV and Continuing the previous problem and Apricot Company had sales

  Estimate the level of output

Given the following cost function, estimate the level of output at which the cost function is minimized, and the level of the costs.

  Explain capital budgeting involves calculation

Explain Capital budgeting involves calculation of net present value and What is this project's internal rate of return

  Tests and procedures for sales-payroll-acquisition cycles

How are the tests of controls, substantive tests of transactions, and analytical procedures for sales and collection cycle, payroll and personnel cycle, and acquisition and payment cycle similar?

  Bond price-current yield-ytm-discount

Suppose that the Financial Management Corporation's $1,000-par-value bond had a 5.700% coupon, matured on May 15, 2017, had a current price quote of 97.708, and had a yield to maturity (YTM) of 6.034%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd