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Komok [63]
1 year ago
9

For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you ea

t all of the meals, your average cost for a meal is:______
Business
1 answer:
Helen [10]1 year ago
4 0

Average cost for a meal is $4.

<h3>Formula:</h3>

Average cost = Total cost/ no. of goods produced

In this case:

Avg. cost = $600/150 = $4

<h3>What is Average Cost ?</h3>
  • Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
  • The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).
<h3>How to find the Average cost ?</h3>
  • We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
  • The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.
  • Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.

To check more similar questions on Average cost, refer to:

brainly.com/question/28112298

#SPJ4

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A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $60; Sec
lys-0071 [83]

Answer:

$82

Explanation:

As company Uses FIFO system, it will sell first two products

The cost price =($60 + $67 = 127).

So Gross profit = Selling Price-Cost Price

Gross Profit = 209-127

= $82

The gross profit for the period is $82

8 0
3 years ago
_________________ involves planning, implementing, and controlling the physical flow of goods, services, and related information
gogolik [260]

Answer:

Logistics

Explanation:

Logistics is the process of managing the movement of merchandise or resources from their point of origin to the intended consumer.  Logistics in an organization is the management of mobility and storage activities undertaken by the company. Logistics management will involve the identification of distributors and suppliers of the company's products.

Poor logistics will hurt business performance. If the company's products are not available for consumers to buy,  low sales will be realized. An inefficient logistics system will make company products expensive.  As a result,  the company's goods becomes uncompetitive in the market.

8 0
3 years ago
What is the role of Scientific management in the modern era?​
rjkz [21]

The Scientific management in the modern era is management that analyzes and synthesizes workflows.

The role of  Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.

Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.

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6 0
1 year ago
Grey Wolf, Inc., has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of
Naya [18.7K]

Answer and Explanation:

The computation is shown below:

1. Before computing the stockholder equity first we have to determine the total assets and the total liabilities which is shown below:

As we know that

Total Assets = Current Assets + Net Fixed Assets

= $2,090 + $9,830

= $11,920

Now

Total Liabilities = Current Liabilities + Long-term Debt

= $1,710 + $4,520

= $6,230

So,

Stockholders’ Equity = Total Assets - Total Liabilities

= $11,920 - $6,230

= $5,690

2. The net working capital is

Net Working Capital = Current Assets - Current Liabilities

=  $2,090 - $1,710

= $380

5 0
3 years ago
Senida is approached by a sales person to buy some perfume. The sales person uses the foot-in-the-door technique of gaining comp
oksian1 [2.3K]

Answer:

Senida is approached by a sales person to buy some perfume. The sales person uses the foot-in-the-door technique of gaining compliance to make Senida feel a need to buy the perfume. The sales person is taking advantage of the principle of <u>cognitive dissonance</u>  to persuade Senida to buy the perfume.

Explanation:

<u>Cognitive dissonance</u> is the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to conduct decisions and attitude change.

8 0
3 years ago
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