Answer and Explanation:
The computation of the fixed cost and the variable cost of electricity per occupancy-day by using high low method is shown below:
The Variable cost of electricity per occupancy-day = (High electrical cost - low electrical cost) ÷ (High month occupancy days - low month occupancy days)
= ($11,575 - $2,450) ÷ (4,350 - 700)
= $9,125 ÷ 3,650
= $2.50 per occupancy days
Now the fixed cost equal to
= High electrical cost - (High month occupancy days × Variable cost per occupancy days)
= $11,575 - (4,350 × $2.50)
= $11,575 - $10,875
= $700
The other factors other than the occupancy days affect the variation in electrical costs from month to month is the number of days present in a month as it remains fixed with respect to the occupancy , seasonal factors like winter or summer as in the summer the electrical cost is high as compared in the winter season , and the Systematic factors like guests, switching off fans and light depend on their wish or as per usage.
Answer:
$40
Explanation:
The computation of the premium pay for the next year is shown below:
= Estimated medical bills × given percentage for next year
= $4,000 × 1 %
= $40
By multiplying the estimated value of medical bills with the next year given percentage, the premium for the next year can come
All other information that is given in the question is not relevant. Hence, ignored it
Answer: Societal culture and norms
Explanation:
Based on the information given, the ethical factor that is illustrated by this example is "societal culture and norms".
Culture simply refers to the way of life with regards to certain group of people. It has to do with the ideas, attitudes and the values that such people have in the group.
With culture, one can be able to make a distinction between rights from wrongs. Therefore, Europeans believing it is unethical to invade someone's privacy and Americans are not nearly as protective of their right to privacy has to do with societal culture and norms.
Answer:
B. decreases from 10 to 6.25.