Use the following data to answer the questions below:
Orders Cost
100 $1,840
70 $1,500
150 $2,520
110 $2,020
160 $2,750
170 $2,700
90 $1,600
1. Using the high-low method, prepare a cost formula for the order activity. Show your formula. What is the Variable cost per order? What is the Fixed cost?
2. Using this formula, what is the predicted cost of this activity in which 130 orders are processed?
Answers
The predicted cost of processing 130 orders is 2,220.
To prepare a cost formula using the high-low method, we need to find the variable cost per order and the fixed cost.
Step 1: Identify the high and low points:
The high point is when 170 orders were processed with a cost of 2,700.
The low point is when 70 orders were processed with a cost of 1,500.
Step 2: Calculate the change in cst oand change in orders:
Change in cost = High cost - Low cost = 2,700 - 1,500 = 1,200
Change in orders = High orders - Low orders = 170 - 70 = 100
Step 3: Calculate the variable cost per order:
Variable cost per order = Change in cost / Change in orders = 1,200 / 100 = $12
Step 4: Calculate the fixed cost:
Fixed cost = Total cost - (Variable cost per order * Total orders)
Total cost = Cost at any point (let's take the high point) = 2,700
Total orders = Orders at any point (let's take the high point) = 170
Fixed cost = 2,700 - (12 * 170) = 2,700 - 2,040 = 660
So, the cost formula for the order activity is:
Cost = 660 + (12 * Orders)
The variable cost per order is 12 and the fixed cost is 660.
Now, let's answer the second question.
To predict the cost of processing 130 orders using the formula:
Cost = 660 + (12 * Orders)
Cost = 660 + (12 * 130)
Cost = 660 + 1,560
Cost = 2,220
Therefore, the predicted cost of processing 130 orders is 2,220.
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Related Questions
the similarities of African countries
Answers
The similarities between African countries are:
Background on Agriculture in Africa
Despite the great potential for agricultural production in Africa,UNDP states that about 73% of the poor people living in rural areas subsist on less than a dollar a day.In addition, the continent has about 200 million of the world’s hungry people (Millennium Development Goals (MDGs) Technical Support Centre.Furthermore, available statistics suggest that about one-third of the continent’s population is malnourished.Africa is also the only continent where food production has been falling over the years.One of the maximum famous suggestions for the origins of the time period 'Africa' is that it's far derived from the Roman call for a tribe living in the northern reaches of Tunisia, believed to possibly be the Berber human beings. The Romans variously named these human beings 'Afri', 'Afer', and 'If'.
It is brimming full of big things. As the second biggest continent in the world, Africa is jam-full of a number of the world's biggest things: the biggest desolate tract within the globe, the Sahara wilderness (explore it on our Morocco itineraries). The longest river in the world, the Nile River, runs for 6,853km (4,258mi).
Luxembourg is a small, landlocked U. S . Positioned in western Europe and bordered by means of Belgium, France, and Germany. With a population of 642,371, Luxembourg is the simplest Grand Duchy in the world. Its GDP in keeping with a capita of $a hundred and forty,694 makes it the sector's richest.
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what is the median of 0,9,6,4,2
Answers
Answer:
I think the answer is 3 or 5
Explanation:
hope everyone is healthy
What is exclusive control over the supply of a product or service?
Answers
Exclusive control over the supply of a product or service refers to a situation in which a single entity, such as a company or individual, possesses the sole authority and capability to provide a particular good or service to consumers.
This condition often emerges in the context of a monopoly, where one organization dominates the market for a specific product or service, effectively eliminating any competition.
This exclusive control can stem from several factors, such as ownership of key resources, high barriers to entry for competitors, or strong intellectual property rights. In some cases, exclusive control is granted by the government through regulations, patents, or licenses, effectively creating a legal monopoly.
The presence of exclusive control can have both positive and negative effects on consumers and the market. On one hand, a monopoly may lead to innovation and increased efficiency, as the company with exclusive control has the resources and incentive to invest in research and development. Additionally, economies of scale may enable the company to lower production costs and offer products at a more affordable price.
On the other hand, exclusive control may result in negative consequences such as reduced consumer choice, potential price gouging, and decreased market competition. These factors can lead to higher prices, lower product quality, and limited innovation, as there is no incentive for the monopolist to improve when no other competitors are present to challenge them.
In summary, exclusive control over the supply of a product or service is a market condition wherein one entity holds a dominant position, influencing consumer choice and the competitive landscape. While this may sometimes bring about innovation and efficiency, it can also lead to negative outcomes such as high prices and reduced market competition.
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In your own words, explain the difference between stocks and bonds.
Answers
Answer:
Stocks give you partial ownership/percentage of the company lets say McDonald's or something. while bonds are a loan from you to the company like a bank.
Explanation:
How long do you have to work to qualify for unemployment?.
Answers
until you are eligible to pay check entitlement
Answer: Each state determines who is eligible for unemployment insurance benefits, however you are usually eligible if you: Are jobless due to no fault of your own. In most states, this implies that you had to leave your previous position due to a lack of accessible work. Comply with all labor and wage standards.
Explanation:
This card works like a short-term loan?
A. debit
B. credit
Answers
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.
Answer:
B.
Explanation:
its a loan that you are paying back
Can anyone explain the importance of 3 Newton's laws of motion
in terms of Astronomy or Celestial objects ?
Answers
Newton's laws of motion are crucial in understanding the behavior of celestial objects and the dynamics of astronomical phenomena.
These laws provide the fundamental principles governing the motion of objects in space, explaining concepts such as planetary orbits, gravitational interactions, and the motion of celestial bodies.
Newton's first law of motion, also known as the law of inertia, states that an object at rest will remain at rest, and an object in motion will continue moving in a straight line with a constant velocity unless acted upon by an external force. This law is applicable to celestial objects, where the law of inertia governs the motion of planets, moons, and other celestial bodies. It explains why celestial objects, once set in motion, continue to move in their orbits without any external force disturbing their trajectory.
Newton's second law of motion relates the acceleration of an object to the net force acting on it and its mass. This law explains how celestial objects respond to gravitational forces. The gravitational force between celestial bodies, such as the Sun and planets, follows the principles outlined by Newton's second law. The acceleration of a celestial object, caused by the gravitational force, is directly proportional to the mass of the object and inversely proportional to the square of the distance between the objects.
Newton's third law of motion states that for every action, there is an equal and opposite reaction. This law is applicable to celestial objects, particularly in understanding the gravitational interactions between them. When two celestial bodies exert gravitational forces on each other, the third law ensures that the forces are equal in magnitude and opposite in direction. This law is crucial in explaining phenomena such as tidal forces and the mutual gravitational effects between celestial objects.
In conclusion, Newton's laws of motion are essential in astronomy and the study of celestial objects. They provide a framework for understanding the behavior of celestial bodies, explaining planetary orbits, gravitational interactions, and various astronomical phenomena. These laws help scientists model and predict the motion and dynamics of objects in space, deepening our understanding of the universe.
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Can you outsmart me test? I will give you 20 brainly points!
Answers
Answer:
Yes I can outsmart you :)
Explanation:
Which method of corporate finance is predominately used by "GROWTH companies"?
A-retained earnings
B-new stock issues
C-borrowing
D-none of these are used by “growth companies"
Answers
Answer:
The method of corporate finance that is predominately used by "GROWTH companies" is B: "new stock issues."
Explanation:
Growth companies are companies that are expanding rapidly and reinvesting their profits back into the business to fuel further growth. As such, they typically need to raise additional capital to support their expansion plans. One way they can do this is by issuing new stock, which allows them to sell ownership stakes in the company to investors in exchange for funding. This can be an attractive option for growth companies because it does not require them to take on debt, which can be costly and risky, and it also does not reduce their retained earnings, which they can continue to reinvest in the business. Retained earnings and borrowing are also commonly used methods of corporate finance, but they may not be as suitable for growth companies depending on their specific circumstances.
Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
Answers
The net income earned is $240
The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to a variety of things, such as taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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Greg and Jerry are depositing money into savings accounts. Greg deposits $500 into an account
for 2 years with 2% interest. Jerry despots $700 into a different account for 1 year with 3% interest.
Who eams the greatest overall percent interest? Show your work and explain.
Answers
Answer: Jerry
Explanation:
Greg deposits $500 into an account for 2 years with 2% interest, the interest gotten will be:
= $500 × 2 × 2%
= $500 × 2 × 0.02
= $20
Jerry despots $700 into a different account for 1 year with 3% interest, the interest gotten will be:
= $700 × 1 × 3%
= $700 × 1 × 0.03
= $21
Based on the calculation, Jerry makes a greater interest.
melia was recently hired as manager of a small retail establishment. she immediately noticed that employees seem afraid to speak with her
Answers
This situation may indicate a lack of open communication and trust between Melia and the employees.
There could be several reasons why employees are afraid to speak with Melia. It is possible that there is a hierarchical and authoritarian management style in place, where employees feel intimidated and fear negative consequences for speaking up or sharing their opinions.
It could also be due to a lack of clear and open channels of communication, where employees do not feel comfortable approaching Melia with their concerns or ideas.
To address this issue, Melia should focus on creating a positive and inclusive work environment that encourages open communication. She can start by fostering a culture of trust and respect, where employees feel safe to express their thoughts and concerns without fear of retribution.
Melia should actively listen to employees, show empathy, and encourage feedback and suggestions. Building strong relationships with the team and demonstrating approachability and openness will help alleviate employees' fear and promote a more collaborative and productive work environment.
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Which of the following is a type of sales promotion?
Free Samples
All of these
Coupons
Customer Loyalty Programs
Answers
Free Samples, Coupons, and Customer Loyalty Programs are the types of sales promotion. All of the above is the correct option. The correct option is B.
Free samples increase the possibility of future sales by enabling consumers to test a product before making a purchase.
Coupons encourage consumers to make purchases and may draw in new clients by providing discounts or special offers on goods or services.
Customers that use loyalty programs frequently receive points, awards, or special deals in exchange for their continued business. These initiatives try to keep current clients and promote reordering.
Thus, the ideal selection is option B.
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A firm just paid a 1.35 annual dividend. dividends are expected
to increase by 2.9% annually, and the rate of return is 15.75 How
much you pay for this stock today?
`12.75
11.7
10.81
11.17
12.46
Answers
The price of this stock today is $10.81. This is calculated using the dividend discount model (DDM).
Stock Price as per DDM formula = Dividend / (Rate of Return - Dividend Growth Rate)
Given information:
Annual dividend: $1.35
Dividend growth rate: 2.9% (0.029)
Rate of return: 15.75% (0.1575)
Substituting the values into the DDM formula:
Stock Price = $1.35 / (0.1575 - 0.029)
Stock Price = $1.35 / 0.1285
Stock Price = $10.51 which is approximately close to $10.81.
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Investing is the business activity that measures a company's ability to generate cash from its revenue and expense activities.
a) true
b) false
Answers
Making an investment is the enterprise hobby that measures an organization's capacity to generate coins from its sales and expense activities. a) true
Making an investment is the system of buying belongings that grow in price over time and provide returns in the shape of earnings payments or capital profits. In a larger feel, investing also can be about spending time or money to enhance your own lifestyle or the lives of others.
How making an investment works is you place your cash in an account or fund with the purpose of creating a profit. investing comes with the potential of extra rewards (that may consist of more chances) over the years. it truly is why a few humans use investments to reach long-time period dreams inclusive of retirement.
Making an investment is an effective manner to put your money to work and potentially construct wealth. smart investing may additionally permit your money to outpace inflation and boom in value. The greater boom potential of making an investment is generally because of the energy of compounding and the hazard-return tradeoff.
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nikki bowles, recently promoted to a frontline management position, quickly learned that her manager, tim davis, would often delegate decision making to her. tim told her, "i want you to make as many decisions at your level as possible, because
Answers
As Tim Davis would often delegate decision making to her, he will most likely told her, "I want you to make as many decisions at your level as possible, because you deal directly with problems and opportunities and thus have the most relevant information."
What is known as a delegation?In management, a delegation refers to the assignment of authority to another person to carry out specific activities. It is also defined as a process of distributing, entrusting work to another person, and this is known as one of the core concepts of management leadership.
The process of delegation involves the managers deciding which work they should do themselves and which work should be delegated to others for completion. So, from a managerial view, a delegation involves shifting project responsibility to team members and by giving them opportunity to finalize the work product effectively with a minimal intervention.
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What is information that CANNOT be measured and expressed in numbers? Question 1 options: Personal Information Target Market Data Qualitative data Quantitative data
Answers
Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
using the notation in the text, afc equals ________. part 2 a. atc + avc b. atc at its minimum point. c. avc + mc d. atc avc
Answers
Using the notation in the text, afc equals ATC (average total cost) - AVC (average variable cost). (option D).
Average total cost (ATC) is a measure of the average cost of producing one unit of output. It is calculated by dividing total cost (TC) by the quantity of output produced (Q):
ATC = TC / Q
Total cost includes all the costs of production, including fixed costs and variable costs. Fixed costs are costs that do not vary with the level of output, such as rent or property taxes. Variable costs are costs that vary with the level of output, such as labor or raw materials.
The ATC curve is U-shaped, because initially, as output increases, the fixed costs are spread over a larger quantity of output, leading to a decrease in average total cost. However, as output continues to increase, the variable costs start to increase as well, causing average total cost to increase.
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based on simple economic theory and your own intuition, do you think each dollar spent is likely to have the same effect on student achievement
Answers
Without a solid grasp of economics, individuals could unwittingly make irrational choices. For instance, consumers frequently purchase items when they are on sale, even though they would not ordinarily do so, even at the sale price.
By promoting wise decision-making, economics aids in eradicating these misconceptions. The three components of labor, capital, and technology—or, more particularly, technological advancements—that affect economic growth are the subject of the theory. When compared to the output per capita (growth per unit of capital), the output per worker (growth per unit of labor) grows at a slower rate.
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.
2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Answers
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.
Answers
Answer:
revenue streams, cost structure, and financing/funding
Explanation:
NEED HELP AS SOON AS POSSIBLE
Answers
Answer:it is 10,000
Explanation:
Answer:
Q1: Total assets= 25,200
Q2: Total liabilities = 16,500
Explanation:
Q1: Add all your assets to get total assets
Q2: Add all your liabilities to get total liabilities
Q3: Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth. Conversely, if your liabilities are greater than your assets, you will have a negative net worth.
25, 200-16,500=+8700
What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate
Answers
The beginning balance column in the tool indicates the balance in the clients account.
What is the prep for taxes tool?This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.
The tool is also known to have a close resemblance to the trial balance.
These kind of tools are useful to theclient for their tax preparation.
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bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as
Answers
The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.
The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.
In other word, the term bond matures on a specific date in the future.
The period of term bond is the between the time of bond's issuance and the scheduled maturity period.
Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.
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I need long paragraph defines a problem statement and technical and non technical challenges in online auction app project
thank you
Answers
The creation of an online auction app is a complex procedure that necessitates carefully taking into account both technological and non-technical difficulties.
In today's digital age, online auction programmes are growing more and more popular, giving people and businesses the chance to buy and sell goods and services through online bidding. However, there are several technical and non-technical difficulties in creating a trustworthy and efficient online auction platform. Assuring the security and dependability of the programme itself is one of the key technological issues encountered in the development of online auction apps. To safeguard user data and thwart hacking efforts, this calls for the use of strong security mechanisms including encryption, firewalls, and secure data storage protocols.
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hotncold, inc., which uses a volume-based cost system, produces thermal mugs, and has a gross profit margin of 50%. direct materials cost $15 per unit, and direct labor costs $10 per unit. manufacturing overhead is applied at a rate of 200% of direct labor cost. nonmanufacturing costs are $27 per unit. how much does each thermal mug sell for?
Answers
In the given problem, each warm mug should produce $108.
How to Solve the Problem?To reckon the selling price of each warm mug, we need to consider the total cost of bearing individual unit and the wanted profit margin.
The direct matters cost is $15 per unit, and the direct labor cost is $10 apiece. Manufacturing overhead is applied at a rate of 200% of direct labor cost, that means that the production overhead cost for one is $20 ($10 x 200%). Therefore, the total manufacturing cost apiece is $45 ($15 + $10 + $20).
The nonmanufacturing costs are $27 per unit, that includes expenses such as shopping, selling, and departmental costs.
To reckon the total cost per unit, we increase the manufacturing cost and nonmanufacturing cost:
Total cost for one = Manufacturing cost per unit + Nonmanufacturing cost for one
= $45 + $27
= $72
The gross profit border is 50%, which resources that the asked profit is 50% of the selling price. Therefore, the profit for one is $36 ($72 x 50%).
To calculate the quoted price, we add the total cost for one and the profit per unit:
Selling price apiece = Total cost per unit + Profit for one
= $72 + $36
= $108
Therefore, each warm mug should produce $108
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__ meanins giving employees increased autonomy and direction to make decisions as well as control over the resources needed to make those decisions
Answers
Empowerment means giving employees increased autonomy and discretion to make their own decisions, as well as control over the resources needed to implement those decisions.
Empowerment is important for employees as it helps them to become more creative, assertive, and confident.
It also helps them to become innovative, and talented and boosts their performance-based activities.
According to research, employees who enjoy freedom and empowerment are better performers, diligent, and loyal to their firm.
So in order to grow their businesses, firms and organizations need to make their workers feel encouraged, empowered, and dedicated. It will help them grow their business by leaps and bounds.
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Can you check to see if my JE's are correct? If there are errors could you explain why? 1. Wages earned by employees during December and to be paid in January are $33,875; associated payroll taxes on these wages are $2,710.
2. On July 1, a client paid CMC $205,720 in advance for a year of consulting services.
3. You discover that a product sale was made and recorded on December 28 for $128,600; the product had not yet been shipped. The cost of the product was $68,742. Assume A/R was debited when the sale was recorded on December 28.
4. Bad debt expense has been calculated to be $17,508 but has not yet been recorded.
5. The Prepaid Expense account has a balance of $22,774. This balance includes $11,200 for a two-year insurance policy purchased on January 1, 2021.
6. Depreciation expense for the year is $82,620.
7. Interest expense accrued on its long-term liabilities is $7,765.
8. On December 15, CMC declared a dividend of $110,000, to be paid on January 15, 2022.
9. Income tax expense is $201,109.
Answers
The majority of the journal entries are correct, but there are a few errors in the recording of revenue, prepaid expenses, and dividends. It is important to accurately recognize revenue when it is earned and not in advance, adjust prepaid expenses for the portion related to the current year, and record dividends as liabilities until they are paid.
The wages earned by employees during December and the associated payroll taxes are correctly recorded. Wages expense and payroll tax expense will be recognized in December, and the corresponding liabilities (such as wages payable and payroll taxes payable) will be recorded.
The client's payment for a year of consulting services in advance should be recorded as a liability (such as unearned revenue) and not as revenue at the time of receipt. The revenue will be recognized over the period in which the consulting services are provided.
The product sale recorded on December 28 for $128,600 should not be recognized as revenue until the product is shipped. The accounts receivable should be adjusted to remove the recorded sale, as the product has not been shipped.
The bad debt expense of $17,508 should be recorded to recognize the estimated uncollectible accounts and reduce the accounts receivable. If it has not been recorded, the accounts receivable and the allowance for doubtful accounts need to be adjusted accordingly.
The prepaid expense account balance of $22,774 includes the cost of a two-year insurance policy purchased on January 1, 2021. Only the portion related to the current year should be recognized as an expense, while the remaining amount should remain as a prepaid expense.
The depreciation expense of $82,620 should be recorded to allocate the cost of the assets over their useful lives. It represents the portion of the asset's value consumed during the year.
The accrued interest expense on long-term liabilities of $7,765 should be recorded to recognize the interest that has accrued but has not yet been paid.
The declaration of a dividend of $110,000 on December 15 should not be recorded as an expense until the dividend is paid. It will be recorded as a liability (dividends payable) until the payment is made.
The income tax expense of $201,109 should be recorded to recognize the tax obligation based on the company's taxable income for the year.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
Answers
The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, In a cap-and-trade system.
It is a market tool wherein a government sets a "limit" or cut-off on the total amount of ozone-harming compounds that may be released. Producers of ozone-depleting substances would be required to pay for each considerable amount of carbon dioxide or carbon dioxide equivalent1 that they emit under such a strategy. For instance, those from power plants, by establishing a market and setting a limit on contamination. Limiting outflows and charging for them is the best environmental solution, both ecologically and financially. Cap-and-trade is a technique for achieving both. The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, The public authority establishes an outflows cap and distributes a number of emanation stipends in accordance with that cap under a cap-and-exchange structure.
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10 C What is the effect of education on employment?
Answers
The effect of education on Employment is that it increases the employment rate and reduces unemployment
Effect of Education on EmploymentWith proper education, individuals can get the skills needed to to employed as skilled labor and earn a decent amount of money as a salary.
Without education, most people become unemployed and at best even get a job that is not enough to take care of them.
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