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sp2606 [1]
2 years ago
14

Suppose Ike’s Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is

Business
1 answer:
Naddika [18.5K]2 years ago
6 0

The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.

<h3>What is the short-run average total cost ?</h3>

The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The  short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.

Please find attached the complete question. To learn more about average cost, please check: brainly.com/question/26959638

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Early in 2017, Thompson Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent
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51.2 days in inventory ratio decrease as a result of the switch to the JIT system

Explanation:

Just in time (JIT) output is a process technique designed to reduce the processing cycles of production systems, as well as the reaction times of manufacturers and consumers. JIT production allows companies, while lowering costs, to manage variation in their operations.

Inventory turnover shall be calculated by the split price of products sold by average stock before days in inventory can also be determined.

Inventory turnover = 3.9 times ($624,000/160,000) in 2016 and

8.6 times ($688,000/80,000) in 2017.

Dividing 365 by stock days in every statistic results of 93.6 and 42.4 days, respectively, a decrease of 51.2 days.

7 0
3 years ago
Jack explains that he has strong potential in social analytics. He says, "I like to find out what customers want and make sure I
Mila [183]

Explanation:

He is demonstrating credibility in stating that the basis for an effective marketing strategy is to discover customers' wants and needs and be able to meet them.

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8 0
3 years ago
Assume initially that market interest rates are 7% and the bondholder is receiving a $70 coupon payment per year on a bond with
Dominik [7]

Answer:

$875

Explanation:

Generally, the relationship can be expressed as interest rate = Coupon Payment / Face Value.

Initially a 7% market rate a investor gets 7% which gives a coupon payment of  $70 because the face value of 1000.

Hence 70/1000 = 7%

Subsequently with the interest rate change, we can look for the bond price.

Substitute 8% for the interest rate and find the revised bond value which will fall as rate increases

$70/bond price = 8%

Then $70/ bond price = 0.08

0.08 x bond price = $70

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6 0
4 years ago
Carlos transfers property with a tax basis of $820 and a fair market value of $1,145 to a corporation in exchange for stock with
Klio2033 [76]

Answer:

The corporation's tax basis in the property received in the exchange is $889

Explanation:

Property was transferred by Carlos, and at the time of Transfer Carlos basis on the Property is $820.

From "Carryover basis" rule,

Corporation Tax basis on Property = (Basis of Carlos) + (Gain recognized)

So, Corporation's tax basis in the Property

= $820 + $69

= $889

6 0
3 years ago
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after ea
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