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gizmo_the_mogwai [7]
3 years ago
9

A new machine comes with 200 free service hours over the first year. Additional time costs $150 per hour. What are the average a

nd marginal costs per hour for the following quantities? a) 125 b) 225 c) 325
Business
1 answer:
pishuonlain [190]3 years ago
5 0

Answer:

(a) 0; 0

(b) $150 per hour; $16.67 per hour

(c) (b) $150 per hour; $53.57 per hour

Explanation:

(a) Number of hours = 125

Marginal cost = 0 (since service is cost less upto 200 hours)

Average cost = 0

(b) Number of hours = 225

Marginal cost = $150 per hour

Total cost = $150 × (225 - 200)

                = $150 × 25

                = $3,750

Average cost = Total cost ÷ Number of hours

                       = $3,750 ÷ 225

                       = $16.67 per hour

(c) Number of hours = 325

Marginal cost = $150 per hour

Total cost = $150 × (325 - 200)

                = $150 × 125

                = $18,750

Average cost = Total cost ÷ Number of hours

                       = $18,750 ÷ 325

                       = $53.57 per hour

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Answer:

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The cost of inventory as of June 30 is:

= $4,000.

Explanation:

a) Data and Calculations:

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June 6 Purchased goods for     $1,000

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b) The cost of inventory is made up of the cost of purchasing the inventory minus purchase returns.  In this instance, there were no sales during June.  This would have reduced the cost of the inventory available as of June 30.

6 0
3 years ago
Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2012. An additional 200,000 shares are issued on Apri
12345 [234]

Answer:

5,110,000 and 5,170,000.

Explanation:

earnings per share EPS = (net income - preferred dividends) / weighted average of outstanding shares

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weighted average outstanding shares = 4,800,000 + 150,00 + 160,000 = 5,110,000

diluted shares = ($6,000,000 / $1,000) x 40 x 3/12 = 60,000

diluted EPS = (net income - preferred dividends) / (weighted average of outstanding shares + diluted shares)

weighted average of outstanding shares + diluted shares = 5,110,000 + 60,000 = 5,170,000 shares

4 0
3 years ago
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The correct statement is Inflation is problematic if unexpected

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Ludmilka [50]

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

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Therefore, the amount paid for the property is $25000

3 0
3 years ago
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dolphi86 [110]

Answer:

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Explanation:

It would use <u>informative</u> advertising

6 0
2 years ago
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