Answer:
Gobblecakes is a bakery that specialized in cupcake. The annual fixed cost to make cupcake is $18,000. The variable cost including ingredients and labor to make a cupcake is $0.9. the bakery sell a cupcake for $3.2 a piece.If the bakery sells 12,000 cupcakes annually, determine the total cost, total revenue, and profit.
Total cost= variable cost + fixed cost
TC= 0.9+18,000
TC= $18,000.90
Total revenue= price X quantity of goods
TR= 3.2 X 12000
TR= $38,400
Profit= TR-TC
Profit= $38,400-$18,000.9
profit= $20,399.10
Explanation:
Liabilities are a vital aspect of a company because they are used to finance operations and pay for large expansions. They can also make transactions between businesses more efficient.
In a traditional economy option C
Answer:
$3.03
Explanation:
Calculation for What should be Freedom Company's 2020 earnings per common share,
Earnings per common share =$1,160,000/ [$350,000 + ($100,000 × 4/12 )]
Earnings per common share=$1,160,000/($350,000+$33,333)
Earnings per common share=$1,160,000/$383,333
Earnings per common share= $3.03
Therefore What should be Freedom Company's 2020 earnings per common share is $3.03
Answer:
True.
Explanation:
True, The given situation is true because the pleasure (utility) provided by Alpha is greater than the pleasure (utility) provided by the Beta. Therefore, a rational person will buy only that commodity which has a higher utility. Here, we can see the Alpha provides 10 units of utility or pleasure per dollar while Beta provides 8 units of utility or pleasure per dollars. So, only Alpha will be chosen.
