Suppose that you have two processes A and B for producing a widget. Process A has a fixed cost of $10,000 and per unit variable cost of $80.00. Process B has a fixed cost of $30,000 and the per unit variable cost is $40.00. The widget sells for $100 regardless of production process used. During the next three years (your planning horizon for the widgets) you expect the economy to be pretty good with sales of widgets to be at least 700 units per year. You will
A: be indifferent between choosing Process A and B , because they both have the same break-even point.
B: choose Process A since it has a low fixed cost.
C: choose Process B, since it has low variable cost.
D: choose Process B, since it will have higher net profit than process A in the next three years.
Answers
Pick Process B because, over the following three years, its net profit will be higher than Process A's. 700x100-700x80-10000 = 4,000; 700x100-700x40-30000 = 12,000
How are net profits determined?Net profit is gross profit less taxes and operating costs. You might also consider it as total income less all outgoing costs.
What distinguishes gross profit from net profit?Net profit is the difference between gross profit (revenue less cost of goods sold) and all other costs, such as taxes and loan interest. Although it might seem more difficult, net profit is computed for us and shown as net income on the income statement.
To learn more about net profit here:
https://brainly.com/question/22024991
#SPJ4
Related Questions
Sandler Industries manufactures plastic bottles for the food industry. On average, Sandler pays $70 per ton for its plastics. Sandler's waste-disposal company has increased its waste disposal-charge to $57 per ton for solid and inert waste. Sandler generates a total of 500 tons of waste per month. Sandler's managers have been evaluating the production processes for areas to cut waste. In the process of making plastic bottles, a certain amount of machine "drool" occurs. Machine drool is the excess plastic that drips off the machine between molds. In the past, Sandler has discarded the machine drool. In an average month, 190 tons of machine drool is generated. Management has arrived at three possible courses of action for the machine drool issue
Required:
What is the annual cost of the machine drool currently?
Answers
Based on the amount of drool generated, the cost of the plastics, and the disposal cost, the annual cost of the machine drool is $289,560.
What is the annual cost of the machine drool?This can be found as:
= Material cost of machine drool - Disposal cost
Material cost = (Machine drool generated per month x Number of months in year x Cost of each ton of drool)
Disposal cost = (Machine drool generated per month x Number of months x disposal charge)
Solving gives:
= (190 x 12 x 70) + (190 x 12 x 57)
= 159,600 + 129,960
= $289,560
Find out more on annual cost of waste at https://brainly.com/question/10910406.
Why are there a lot of construction jobs opening up for Millennials (younger
workers)?
Answers
Answer:
I'm assuming because they need more construction workers because nobody wants to have a job like that anymore
Answer:
A lot of the workforce in the construction industry tend to be on the older side and will retire within the next decade or two
Explanation:
If you put up $45,000 today in exchange for a 6.4 percent, 15-year annuity, what will the annual cash flow be
Answers
The annual cash flow would be $4,755.18.
What would be the annual cash flows?The first step is to determine the future value of the lump sum amount: $45,000 x (1.064)^15 = $114,113.48
The second step is to determine the value of the equal cash flows. The formula that would be used is: future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
=[ (1.064)^15 - 1] / 0.064 = 23.97735
$114,113.48 / 23.97735 = $4,755.18
To learn more about cash flows, please check: https://brainly.com/question/24108530
what is a tax bracket?
Answers
Answer:
Tax brackets show you the tax rate you will pay on each portion of your income
The matching principle, A: requires
Answers
Answer:
i dont know
Explanation:
9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Answers
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
To know more about testamentary trust, visit:
https://brainly.com/question/28400559
#SPJ1
Omar Innovatives made considerations of purchasing capital equipment whose associated cash flows were as follows;
Answers
Based on the associated cash flows for the capital equipment to Omar Innovatives, the Payback period in years will be 0.5 years
How to find the Payback period?The payback period of an investment relates to the number of years it takes till the project is able to develop enough cash flows to pay back the initial investment amount.
The initial investment amount to Omar Innovatives Ltd was K100, 000 and in the first year, the project made back K200, 000.
This means that the project paid off its cash investment in the first year. To find the payback period in terms of years, the formula is:
= Cash investment / Cash flow in year of payback
= 100, 000 / 200, 000
= 0.5 years
The full question is:
Omar Innovatives Ltd made considerations of purchasing capital equipment whose associated cash flows were as follows;
Initial Investment K100, 000
Year One K200, 000
Year Two K300, 000
Year Three K400, 000
Year Four K500, 000
Year Five K100, 000
Average PBIT K93,500
Total Accumulated Depreciation K32,500
Taxation K15,200
What is the Payback period in years?
Find out more payback period at https://brainly.com/question/23149718
#SPJ1
As a student in the Principles of Management class of Ama Ghana University, you are expected to have experiential knowledge so that you can be able to solve real life business problems after graduation. To achieve this objective, the 2020 class has been divided into ten groups; and each team works in a management capacity with ten management consulting companies in the Greater Accra Region. San Consulting - the firm that your group works with is a project management company that is into Real Estate construction and management consulting. This firm which has twenty years’ experience in this business is the first choice for all individuals and companies that want quality service. You have on the contrary, observed that many of the management practices have not developed precipitously as situations in the business environment warrant. The accountant confirmed this by saying in the last general meeting that a certain percentage of San’s profit margin is being lost because of this situation. She gave the example that the surveying department spent eight labor hours generating data that had been generated two weeks ago by another unit. Due to the fact that the surveying department did not know that the data had already been created, a substantial effort was wasted and this has been a recurrent problem. In addition, the increase in demand of the services of San’s Consulting has placed significant pressures on the five managers whose duties are not clearly defined. For instance, you have observed that any of these managers perform duties in the operations department as well as any other unit within the firm. They are not able to perform all the functions required of them due to the ineffectiveness of the organizational structure. You and the members of your group are expected to write a report to the top-level management team regarding your analysis of the situation in the firm.
1. Explain which of the four main management functions is/are not operating as it/they should within the firm? 3 Marks
2. What recommendations will you make in your report that will help assure that this situation or similar one would not happen again? 4 Marks
3. Assume that the top-level management team has accepted your recommendations, how can their effectiveness be evaluated three months after implementation? 4 Marks
4. Discuss the organizational structure currently used by San’s Consulting and would you recommend the continuous use of this structure? If yes or no, present the factors (4) that influenced your decision regarding the right organizational structure for San’s Consulting. 5 Marks
5. Identify and discuss the main problems that the firm is likely to experience (i) if the current structure is continued or (ii) if a new structure is implemented. 5 Marks
Answers
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
what are downstream value chains
Answers
Downstream value chains refer to the stages of production and distribution that occur after the manufacturing or production of a product. It involves the processes, activities, and entities that are responsible for delivering the final product to the end consumer.
Downstream value chains typically include activities such as marketing, sales, distribution, retailing, and customer service. These stages focus on adding value to the product, ensuring its availability to the target market, and meeting customer demands. It involves activities like packaging, branding, logistics, pricing, and after-sales support.
Efficient management of the downstream value chain is crucial for achieving customer satisfaction, market reach, and profitability. It involves coordinating with intermediaries, managing distribution channels, and implementing effective marketing strategies to promote and deliver the product to consumers.
By optimizing the downstream value chain, organizations can enhance their competitiveness, expand market share, and capture customer loyalty in the final stages of the product's journey from producer to consumer.
For more such questions on Downstream value
https://brainly.com/question/14567642
#SPJ8
Question 11 (3 points)
When considering the costs and benefits of a decision, you should do something as
long as
a) the benefits are less than the costs
b) the costs are less than the benefits
c) the costs and benefits are both high
d) the costs and benefits are both low
Answers
Answer:b
Explanation:
I think it is
Kubin Company’s relevant range of production is 25,000 to 33,500 units. When it produces and sells 29,250 units, its average costs per unit are as follows:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 29,250 units?
2. For financial accounting purposes, what is the total amount of period costs incurred to sell 29,250 units?
3. For financial accounting purposes, what is the total amount of product costs incurred to make 33,500 units?
4. For financial accounting purposes, what is the total amount of period costs incurred to sell 25,000 units?
Answers
Direct material (8.50 * 29,250) 248,625
Direct labor (5.50 * 29,250) 160,875
Variable manufacturing overhead
(3.00 * 29,250) 87,750
Fixed manufacturing overhead
(6.5 * 29,250) 190,125
Total product cost 687,375
2) For financial accounting purposes, what is the total amount of period costs incurred to sell 29,250 units?Fixed cost (5+4) * 29,250 263,250
Variable cost
(2.5+2) * 29,250 * 29,250 131,625
Total period cost 394,875
3) For financial accounting purposes, what is the total amount of product costs incurred to make 33,500 units?Direct material (8.50 * 33,500) 284,750
Direct labor (5.50 * 33,500) 184,250
Variable manufacturing overhead
(3 * 33,500) 100,500
Fixed manufacturing overhead
(6.5 * 33,500) 217,750
Total product cost 787,250
4) For financial accounting purposes, what is the total amount of period costs incurred to sell 25,000 units?Fixed cost (5+4) * 25,000 225,000
Variable cost (2.5+2) * 25,000 112,500
Total period cost 135,000
Learn more about cost calculations here : https://brainly.com/question/13165792
what is the importance of analyzing and recording transactions
Answers
Algoma Co. borrows $250,000 cash on November 1, 2013, by signing a 120-day, 9% note with a face value of $250,000. 2. & 3. What is the amount of interest expense in 2013 and 2014 from this note? (Use 360 days a year. Do not round intermediate calculations.)
Answers
Answer:
The amount of interest expense in 2013 and 2014 are $3,750 and $3,625 respectively.
Explanation:
Interest expense would be in
2013;
= Principal × rate of interest × number of days ÷ ( total number of days in a year)
= $250,000 × 9% × (60 ÷ 360)
= $3,750
( 29 days in November + 31 days in December
In 2014,
= Principal × interest rates × number of days ÷ ( number of days in a year)
= $250,000 × 9% × ( 58 ÷ 360)
= $3,625
(30 days in January + 28 days in February)
A guest dropped off his laundry to hotel. It was not returned by that evening. He has early morning meetings and is upset he will have no shirt. What do you do
Answers
The hotel should promptly address the guest's concern and find a solution to provide him with a shirt for his early morning meetings.
How can the hotel address a guest's missing laundry?The hotel staff should immediately apologize for the inconvenience caused and assure the guest that they will resolve the situation. They can offer a few options to address the guest's immediate need for a shirt, such as providing a temporary replacement from the hotel's stock .
They should communicate with the laundry service provider to track down the missing laundry and expedite its return to the guest as soon as possible. Clear and effective communication with the guest throughout the process is essential to ensure their satisfaction and minimize any inconvenience caused.
Read more about meetings
brainly.com/question/28224406
#SPJ1
According to the video, what are some qualities Financial Analysts need? Check all that apply. business sawy a college education vocational school training math skills public speaking skills analytical skills patience Intro Done vity
Answers
Answer:
The answers are A, B, D, F
Answer:
the answer is A, B, D, F
Explanation:
i tried this answer and it was correct
Explain the formation of research proposal and it's format.
Answers
A research proposal is a document that outlines a researcher’s plan to conduct a specific research project.
What is research proposal?A research proposal is a document that outlines the research project that one intends to undertake. It provides a summary of the background and rationale for the proposed study, outlines the research objectives and methods, and identifies potential resources and risks. The research proposal also serves as a map for the researcher in order to ensure the completion of the project within a specific timeline and budget. The research proposal should be free from plagiarism and should be written in an organized and professional manner.
The format of a research proposal may vary depending on the field of research, the institution, and the funding body.
To learn more about research proposal
https://brainly.com/question/31361416
#SPJ1
Analyze the role played by government, universities, and entrepreneuers in innovation
Answers
The role played by government, universities, and entrepreneurs in innovation contributes unique resources, expertise, and perspectives that foster innovation and propel economic growth.
Here is an analysis of the role played by each:
Government:Government plays a vital role in innovation through various means:
a. Funding and Support: Governments allocate funds to support research and development (R&D) activities, providing grants, subsidies, and tax incentives for innovative projects.
b. Policy and Regulation: Governments create an enabling environment for innovation by implementing policies and regulations that promote competition, protect intellectual property rights, and encourage entrepreneurship.
c. Infrastructure and Education: Governments invest in physical infrastructure, such as transportation and communication networks, which are essential for innovation.
Universities:Universities play a critical role in innovation through research, education, and collaboration:
a. Research and Development: Universities are centers of knowledge creation and innovation. They conduct research across various disciplines, pushing the boundaries of knowledge and discovering new technologies, processes, and solutions.
b. Talent Development: Universities educate and train students in diverse fields, equipping them with the skills and knowledge to contribute to innovation. They foster critical thinking, problem-solving abilities, and a culture of exploration and curiosity.
c. Technology Transfer: Universities facilitate the transfer of research outcomes and technologies to the commercial sector. They collaborate with entrepreneurs and industry partners to commercialize innovations through licensing agreements, spin-off companies, or joint ventures.
Entrepreneurs:Entrepreneurs are central to the process of innovation and play a key role in transforming ideas into marketable products or services:
a. Idea Generation: Entrepreneurs are often the initiators of innovative ideas. They identify opportunities, envision new products or services, and develop unique value propositions. Their entrepreneurial mindset drives them to challenge existing norms and seek novel solutions.
b. Risk-Taking and Investment: Entrepreneurs take on risks by investing their resources, time, and effort into developing and commercializing innovations. They secure funding from various sources, such as venture capital, angel investors, or government grants, to finance their ventures.
c. Market Adoption and Scaling: Entrepreneurs are responsible for bringing innovations to the market and driving their adoption. They navigate challenges such as market validation, customer acquisition, and scaling operations.
For such more question on government:
https://brainly.com/question/2034176
#SPJ8
1.1.2. Name the type of energy classified as solids.
(1)
Answers
Answer: Crystalline solids
Ionic solids
Molecular solids
Network covalent solids
Metallic solids
Amorphous solids
Explanation:
Brenda wants to find the amount of dividend pald to the shareholders by JSL Inc. In which statement will JSL Inc. specifically show the dividends
pald to shareholders?
OA
trial balance
OB. balance sheet
Ос.
Income statement
OD
statement of retained earnings
ОЕ
cash flow statements
Answers
Answer:
statement of retained earnings
Explanation:
Retained earnings are the profits that a business opts not to distribute to shareholders. They are part of the shareholder's equity.
The statement of retained earnings shows the balance of retained earnings at the end of a period. Retained earnings are increased by profits and decreased by dividends paid. Preparing the statement of retained earnings involves adding net income to beginning retained earnings.
Dividends paid are subtracted from that total.
Therefore, the dividend paid out will feature in the statement of retained earnings.
1. Leslie Moore runs a hammock shop. She is set to markdown her existing stock of hammocks 60 percent since it is mid-September, and her summer
high-sales period is completed. The basic rope hammock is retail priced at $65.00. What would be her markdown dollar amount and her resulting sale
price?
Answers
Leslie Moore's markdown dollar amount will be $39 and her resulting sale price will be $26.
What is pricing strategy?Pricing strategy is known as the changing in price of a product or service according to the demand of the product or service in the market. When the demand for a said product is high the price for the product is increased and if the demand of a product is low then the price is reduced.
Leslie Moore runs a hammock shop and she have a pricing strategy according to which she is now willing to reduce the price by 60%. The amounts are calculated as sale price multiply by 60% the amount is the reduction in the sale price, the reduction amount is deducted from the sale price.
The calculation is shown below,
$65 * 60% = $39
$65 - $39 = $26
Learn more about pricing strategy at https://brainly.com/question/27124956
#SPJ1
What is the major difference between a nationwide bank and a community bank?
The community bank offers more services.
The nationwide bank services only local customers.
The nationwide bank has fewer branches.
The community bank services only local customers.
Answers
Answer:
the community banks services only local customers
Explanation
just took the test no cap answer made the most sense and got it correct
The community bank services only local customers is the major difference between a nationwide bank and a community bank. Hence, option D is correct.
What is community bank?The publicly traded lender offers home and business loans, checking and savings accounts, and a "Community Cash" service that lets users send and receive money without having bank accounts.
Local Awareness Community banks concentrate their lending on the areas where their depositors live and work, encouraging the development of nearby businesses and communities. This is in contrast to larger banks, which may accept deposits in one state while making loans in another.
Community banks are often more flexible and understanding when it comes to loans and accounts than national banks, which have rigorous guidelines and restrictions. They usually set lower prices for their goods and services in compared to their bigger rivals.
Thus, option D is correct.
For more information about community bank, click here:
https://brainly.com/question/14300285
#SPJ2
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,006,000 and sales for the year total $11,410,000.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
a. $
b. $
c. $
d. $
Answers
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500
What is Bad Debts?Bad debts is the account that reduces the balance of the accounts receivable accounts, the bad debts is an expense account. These are the estimated amount of receivables that will not be received by the company and so is accounted as an expense and deducted from the net accounts receivable.
A. The allowance account before adjustment has a debit balance of $13,600. Bad debt expense is estimated at 1/4 of 1% of sales.
To be increased by $14,925 (($11,410,000 * 1% * 1 / 4 ) - $13,600)
(Sales * 1% * 1/4) - Debit balance of allowance account)
B. The allowance account before adjustment has a debit balance of $13,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $43,500.
To be increased by $29,900 ($43,500 - $13,600)
(Closing balance of doubtful account - opening balance)
C. The allowance account before adjustment has a credit balance of $5,000. Bad debt expense is estimated at 3/4 of 1% of sales.
To be increased by $80,575 ($11,410,000 * 1% * 3 / 4) - $5,000)
(Sales * 1% * 3/4) - Debit balance of allowance account)
D. The allowance account before adjustment has a credit balance of $5,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,500.
To be increased by $36,500 ($41,500 - $5,000)
(Closing balance of doubtful account - opening balance)
Learn more about Bad Debts at https://brainly.com/question/27087285
#SPJ1
Which of the following statements is true of browse-wrap agreements?
Answers
Answer:
Im sorry I dont see anything? Theres no pictures.
8-1. The driving force behind the change in business organizations is the change in consumer expectations.
Answers
The driving force behind the change in business organizations is the change in consumer expectations, True
Why are client expectations crucial?It's critical for salesmen and marketing specialists to comprehend the target audience, which comprises both existing and potential clients. Understanding a customer's expectations is crucial since it tells you more about your target market.
What do customers expect in terms of quality?Customer expectations are the presumptions that consumers have about a company, a brand, a product, or a service and the level of attention they require when using it in order to be satisfied with their investment.
What types of customer expectations are there?Resolution of consumer problems quickly and simply.preferred service channels are available.opportunities provided by help centres for self-help.Experience that is unique.both privacy and data protection.Learn more about Target market here:
brainly.com/question/13363009
#SPJ4
Correct question is:
The driving force behind the change in business organizations is the change in consumer expectations. True/False
if you have started a business, or are doing a business where you do not expect to prepare a full business plan, a stand-alone marketing plan might be useful t/f
Answers
True, a stand-alone marketing plan might be helpful if you have just started a business or are doing something for which you do not plan to write a full business plan.
What should businesses start with when creating a marketing strategy?Describe your company's purpose. When writing a marketing plan, your mission should be stated first. Even though this mission is unique to your marketing department, it should support the main mission statement of your business. Be precise, but not too much.
Do small companies require a marketing strategy?Yes. If you want to get the most out of your marketing investment, you absolutely need a marketing plan. It doesn't have to take weeks or look fancy, but it does need your best thinking and effort.
To know more about business plan visit :-
https://brainly.com/question/15826679
#SPJ1
5. On Anna's SAR, the "Your Financial Aid History Information" section is blank or N/A. Why?
Answers
Answer:
Because she doesn't have any outstanding debts.
Explanation:
The financial aid history refers to the outstanding debts that Anna needs to pay. When this history appears blank, without any information, it means that she has already paid off all her debts and no longer has any outstanding loan, with non-payment.
Match the statements to the appropriate category. Each category will contain two statements and each statement is used only once. Assume that pens are a normal good, and that apples and oranges are substitute goods.
Change in Quantity Change in demand
-The price of pens decreases
-If the price of apples changes, Billy will change how many apples he buys.
-Since Annie got a raise, she buys more pens.
-The price of oranges rises , the prioce of apples does not change. Therefore, billy buys more apples.
Answers
Here are matched statements to the appropriate category for both- Change in Quantity and Change in Quantity:
-The price of pens decreases
-Since Annie got a raise, she buys more pens.
Change in Demand:
-If the price of apples changes, Billy will change how many apples he buys.
-The price of oranges rises, the price of apples does not change. Therefore, Billy buys more apples.
Change in Quantity: A change in the quantity of a good that is purchased is caused by a change in price, income, or other factors that affect the consumer's ability or willingness to purchase the good. In this case, when the price of pens decreases, more pens will be purchased, and this is referred to as a change in quantity. Similarly, when Annie gets a raise, her income increases, and she can afford to buy more pens, which results in an increase in the quantity of pens purchased.
Change in Demand: A change in demand occurs when a consumer's willingness to purchase a good changes, independent of price. In this case, if the price of apples changes, Billy will change the amount of apples he buys. This indicates that Billy's demand for apples is price-sensitive, and changes in price will result in changes in the amount he is willing to purchase. Similarly, if the price of oranges rises but the price of apples does not change, Billy will buy more apples because they have become relatively cheaper compared to oranges. This change in the amount Billy is willing to purchase is a change in demand, independent of price changes.
To learn more about Change in Demand, click here:
https://brainly.com/question/28801358
#SPJ4
How can you make positive economic choices?
Answers
Answer:
All choices require giving up something in your life whether that is friends or family, or things that you really want. Economic choices require you to think do you really want this and what is the benifit out of it, like what do you get out of making this decision. The economic things are what will be produced, how will it be produced, and how will the output society produces be distributed
Explanation:
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
For more such answers on Profit
https://brainly.com/question/1078746
#SPJ8
If Tex's Manufacturing Company purchases the component externally, $20,000 of the fixed costs can be avoided. At what external price for the 100 units is the company indifferent between making or buying
Answers
Answer:
$210,000
Explanation:
The computation of the external price is shown below
Making cost = buying cost
$120,000 + $25,000 + $45,000 + $30,000) = external price + Unavoidable fixed cost (30,000-20,000)
$220,000 = External price + $10,000
So,
External price = 210,000
Hence, the same is to be considered
Therefore the external price is $210,000