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charle [14.2K]
3 years ago
15

A firm that sells baseballs has estimated that at its current level of production its variable costs are $70 while its fixed cos

ts are $50. The firm has sold $300 worth of baseballs this year. What is the firm's total profit
Business
1 answer:
ella [17]3 years ago
6 0

The firm's total profit for this year based on the firm's current level of production is $180.

<h3>What is the total profit?</h3>

The total profit is the difference between sales revenue and total (variable and fixed) costs.

<h3>Data and Calculations:</h3>

Sales revenue = $300

Variable costs =    (70)

Contribution      $230

Fixed costs           (50)

Total profits      $180

Thus, the firm's total profit for this year based on the firm's current level of production is $180.

Learn more about total profits at brainly.com/question/21613450

#SPJ1

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An insured is covered under a Medicare policy that provides a list of network healthcare providers that the insured must use to
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Answer:

Medicare SELECT

Explanation:

MEDICARE SELECT is a type of policy in which a person or an individual that is insured or covered by insurance is told to select or use a particular hospital or a particular doctor thereby limiting such person to that particular hospital and a particular doctor in order for such person to be eligible to receive the Medicare insured benefit which is why an insured person making use of MEDICARE SELECT policy are been offered a premium that is low due to the limitation of using a particular hospital and a particular Doctor .

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Tim and Sally are taking out a personal loan to pay for their wedding expenses. The loan is for $9,000 and comes with an interes
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Explanation: I just found the answer on Quizlet.

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3 years ago
A manufacturer's branch office Multiple Choice carries a producer's inventory and performs the functions of a full-service whole
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Answer:

A. carries a producer's inventory and performs the functions of a full-service wholesaler

Explanation:

The answer to the question is quite clear. The question is about a manufacturer's branch office. The intent is clear, the branch office in question belongs to a particular manufacturer.

A manufacturer's branch office is typically owned and operated by the manufacturer in a location that is physically different from the manufacturing prlant and the main purpose of this branch office is for the wholesale distribution of manufactured product.

Three Different Types of Wholesalers

1. Merchant Wholesalers - These are primarily into wholesale businesses for different manufacting groups per time. They take products in large quantities from manufacturers and resell to industries, retailers and even smaller wholesalers in smaller quantities.

2. Agents, brokers and commission merchants: They are active middlemen who do not take title of goods like merchant wholesalers but are involved in negotiating on behalf of their manufacturing clients. They are most paid on commission basis based on what business they bring in.

3. Manufacturers' sales branches and offices: The Manufacturer's branch office falls under this category and they are specific wholesale outlets run by the manufacturers themselves to sell their own products.

Considering other Choices in the Question

  • Performs a sales function as an option to agents and broker- This is the description of wholesalers type two as described above
  • works for several producers and carries noncompetitive, complementary merchandise in an exclusive territory - This is the description of Merchant Wholesalers
  • takes title to merchandise but sells only to buyers that call on them, pay cash for merchandise, and furnish their own transportation for the merchandise- This is also the description of Merchant Wholesalers
  • brings buyers and sellers together to make sales- This is the description of Agents, brokers and commission merchants.

8 0
4 years ago
Your regular selling price is $40 per unit. Costs are $28 per unit, which consists of $8 direct materials per unit, $10 direct l
amid [387]

Answer:

Effect on income= $6,000 increase

Explanation:

<u>Because there is an unused capacity and it is a special order, we will not take into account the fixed costs.</u>

Effect on income= total contribution margin

Unitary variable cost= 8 + 10 + 4= $22

Effect on income= 1,000*(28 - 22)

Effect on income= $6,000 increase

3 0
3 years ago
A city will serve as a conduit for federal grant money, which is sent to the city by the state government and must be remitted t
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Answer:

(C) Pass-through grant

Explanation:

A pass-through grant occurs when a recipient of a grant is allowed by the government to provide funding to other recipients. Funds are received and passed along to other recipients.

The party that receives funding from the pass-through entity is called the subrecipient.

This usually occurs when government lacks the structure to effectively push grant initiatives.

In this instance when states provide funds to the city for onward delivery to not for profit organisations, the city is acting as a pass-through entity.

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3 years ago
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