Answer:
Fixed cost
Explanation:
Variable costs are costs that change with change in the quantity of the goods or services produced by the business. For example the cost of raw materials.
Fixed costs are costs that do not change with change in the quantity of the goods or services produced by the business. For example interest payments.
In the given question, payment of $10 per pound has to be made no matter what the production level for the year, so this is an example of <u>fixed cost</u>
Answer: a) $66,388.86
the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Explanation:
Given that;
Annuity = $150
r = 10%
Earl is 25years now
Earl plans to withdraw the money when he is 65
which mean Period N = ( 65 - 25 ) = 40
To find the future value, we use use the express
Future value = annuity × (((1+r)^n)-1)/r)
we substitute our values
Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)
= 150 × (((1.10)^40)-1) / 0.01)
150 × ((45.2592 - 1)/0.1)
150 × 442.5924
Future Value = $66,388.86
therefore the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Answer:
$27,200
Explanation:
The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.
Kevin's basis = (300 shares x $90 per share) + $200 in sales commission
Kevin's basis = $27,000 + $200 = $27,200
Hope This Helps! :D
Answer:
e. An "I Owe You" - just evidence of a debt owed.
Explanation:
AN IOU IS simply defined as a memorandum, promise or the acknoledgemet of an individual to refund or pay a debt,it can be signed especially in a paper stating the specific amount owed and usually bears the letters IOU (I OWE YOU).It cannot be stated as the same as a promissory note due to the fact that there is no direct expression of the promise to pay.
<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
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