A concert organizer learned from a market survey that when the admission price is\$30, there is an average attendance of 800 people. For every $1 drop in price, there is a gain of 20 customers. Each customer spends an average of $5 on concessions. The concert hall has 1,000 seats. a. The demand function, expressed by p , the price in dollars charged for each ticket, as a function of x , the number of average attendance, is:

b. The revenue function is R(x) , where x is defined between and

c. To maximize its revenue, the price the concert organizer charges should be dollars for each ticket.

Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers