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2 years ago

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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After a computer failure, you are trying to reconstruct some financial results for the year just ended. While you know that back

Naily [24]

Answer: The answers are given below

Explanation:

a. Find the finished goods inventory, January 1.

The cost of good sold will be:

= (cost of good manufactured + finished good inventory beginning) - finished good inventory ending

$21,900 = $21,940 + finished good inventory beginning - $3500

Finished good inventory beginning will now be:

=$21900 - $21,040 + $3500

Finished good inventory January 1 = $4,360

b. Find the direct materials used for the year.

The total manufacturing cost will be:

= direct material + direct labour + manufacturing overhead

$19,460 = direct material + $3160 + $5710

Direct material = $19,460 - $3160 - $5710

Direct material = $10,590

c. Find the Sales revenue.

Gross margin will be :

= Sales revenue - cost of good sold

Let the sales revenue be y

Therefore,

37% of y = y - $21,900

0.37y = y - $21,900

y - 0.37y = $21,900

0.63y = $21,900

y = $21,900/0.63

y = $34,761.9

y = $34,762 approximately

The sales revenue is $34,762

7 0

3 years ago

Short-term bank loans (Select all that apply.) usually have a lower interest rate than long-term debt. usually have a higher int

iVinArrow [24]

Answer:

A. usually have a lower interest rate than long-term debt.

D. are frequently used by large corporations as a significant component of capital structure.

Explanation:

A short-term bank loan can be defined as a type of loan that provides quick cash which mainly have a shorter repayment period when compared to a traditional loan.

Basically, when a small business owner (entrepreneur) or start-up needs to finance a temporal personal or working capital requirements but isn't eligible to apply for a line of credit from a bank; he or she can obtain a short-term bank loan.

Short-term bank loans usually have a lower interest rate than long-term debt and are frequently used by large corporations as a significant component of capital structure.

6 0

3 years ago

Have you ever witnessed fan misbehavior? describe the experience and how it impacted the value you received from the experience.

Brums [2.3K]

What is Misbehavior?
One of the serious issues, especially in secondary school, is when students misbehave or engage in negative class participation, which can include disruptive talking, chronic work avoidance, clowning, interfering with teaching activities, harassing classmates, verbal insults, rudeness to teachers, defiance, and hostility.

Main Content

from students will differ. The consuming situation and environment will typically have the greatest impact on value for other consumers. especially how bad fan behavior makes it difficult for them to see, hear, or otherwise enjoy the event. Typically, fans' inappropriate behavior, such as chanting obscenities at officials, makes customers feel uneasy or terrified. These incidents also interfere with the quality of the shopping experience. Numerous victims of inappropriate fan conduct claim they were unable to concentrate on the event or were unable to fully engage out of concern for retaliation.

To learn more about Misbehavior
brainly.com/question/240537
#SPJ4

6 0

2 years ago

What is 1,000 yen in the usa

Ostrovityanka [42]

Still 1000 yen it’s just in the united states of america now

3 0

4 years ago

The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2015: Account

Nuetrik [128]

Answer:

Postal Service

The amount that would be reported for Stockholders' Equity at December 31, 2015 is:

= $130,000.

Explanation:

a) Trial Balance

December 31, 2015:

Cash $15,000

Accounts receivable 11,000

Supplies 4,000

Prepaid insurance (12-month) 6,000

Equipment 210,000

Accounts payable $ 18,000

Accumulated depreciation – equipment 28,000

Note payable, due 6/30/16 70,000

Common stock 42,000

Retained earnings (1/1/15) 60,000

Dividends 14,000

Service revenue 133,000

Advertising expense 21,000

Depreciation expense 12,000

Insurance expense 3,000

Rent expense 17,000

Salaries and wages expense 32,000

Supplies expense 6,000

Totals $351,000 $351,000

Income Statement for the year ended December 31, 2015

Service revenue $133,000

Advertising expense 21,000

Depreciation expense 12,000

Insurance expense 3,000

Rent expense 17,000

Salaries and wages expense 32,000

Supplies expense 6,000 $91,000

Net income $42,000

Statement of Retained Earnings

For the year ended December 31, 2015

Retained earnings (1/1/15) $60,000

Net income 42,000

Dividends (14,000)

Retained earnings (December 31, 2015) $88,000

Equity:

Common stock $42,000

Retained earnings 88,000

Total equity $130,000

4 0

3 years ago