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pav-90 [236]
3 years ago
11

How would utility costs be properly classified? Select one: A. Curvilinear B. Fixed C. Variable D. Stepped E. Mixed

Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer: Mixed

Explanation:

Here is the complete question:

Max Machining incurs the following utilities costs at different levels of production:

0 units: $120

500 units: $2,620

1,000 units: $5,120

How would utility costs be properly classified?

A) Curvilinear

B) Variable

C) Mixed

D) Fixed

E) Stepped

The utility cost here will be classified as a mixed cost. A mixed cost is a type of cost that has both fixed and variable cost. At 0 units, $120 was already spent. This shows that this cost is a fixed cost as it doesn't have anything to do with output. It'll still be paid regardless of the number of outputs while the other cost incurred are variable cost which is dependent on the number of outputs of goods.

Based on the explanation above, the answer is mixed cost.

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The Lucido Company’s 2026 Net Income is $170. Balance Sheets are given: 12/31/2 12/31/26Cash $40 $35Accounts Receivable 100 88Ma
Assoli18 [71]

Answer:

a.$218

Explanation:

Net cash used for investing activities can be calculated by taking the sum of cash inflows and outflows. As Lucido company sold the asset for $200 that will be an inflow for the company and as the machine value at the end of 2026 is $540 that means the company has purchased new machinery after selling the old one.

Cash flow from investing activities

Sale of machine                                         $122

Purchase of machine ($540 -$200)        -$340

Net cash used for investing activities    -$218

4 0
3 years ago
Art's at-risk amount in a passive activity was $60,000 at the beginning of 2015. His loss from the activity in 2015 is $80,000,
kupik [55]

Answer:

d. $60,000

Explanation:

As per passive income rules, As stated under Internal Revenue Service is a kind of statement that allows to set off the passive loss as against passive income only.

There is no rule which permits to set it off against ordinary income.

Therefore, the details in the given instance are:

Loss of 2015 = ($80,000)

Income in 2016 = $20,000

Loss at the end of 2016 = ($60,000)

This because from the income in 2016 amounting $20,000 the loss of $20,000 is set off.

7 0
3 years ago
Silicon Valley in Northern California is famous as the home to many businesses that produce high-tech products or serve high-tec
german

Answer:

E) agglomeration economies

Explanation:

Agglomeration economies refers to a lot of companies being located close to one another. Generally most of these companies work on the same industry, e.g. Detroit for car manufacturers.

The main advantage of agglomeration economies is that synergy may be created between different firms which allows them to be more efficient and productive, and at the same time they will lower their costs.

4 0
3 years ago
What was the major financial change between post ww2 borrowers and borrowers after 1970?
icang [17]

Borrowers post WWII borrowed in the midst of prosperity. Financial institutions lent more money and borrowers paid it back.

A Financial Institution (FI) is an entity that engages in financial and financial transactions such as deposits, loans, investments, and exchanges.

Financial institutions such as commercial banks. Facilitates bank deposits, safe deposit box services, loans, checking accounts and various financial products such as savings accounts, overdrafts and certificates of deposit. Read more

Financial institutions will offset the expected economic impact of the pandemic by continuing to lend to businesses and consumers, stimulating economic activity and expanding support to those in need can do.

Learn more about Financial institutions https://brainly.in/question/80107

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7 0
2 years ago
Hettrick International Corporation's only product sells for $120.00 per unit and its variable expense is $52.80. The company's m
MrRissso [65]

Answer:

Number of units to be sold= 6,093

Explanation:

Giving the following information:

Selling price= $120

Unitary variable cost= $52.8

Fixed cost= $396,480

Desired profit= $13,000

<u>To calculate the number of units to obtain the desired profit, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (396,480 + 13,000) / (120 - 52.8)

Break-even point in units= 6,093.4 = 6,093

7 0
3 years ago
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