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Ilya [14]
3 years ago
11

Dizzy Amusement Park is open from 8:00 am till midnight every day of the year. Dizzy charges its patrons a daily entrance fee of

$30 per person which gives them unlimited access to all of the park's 35 rides.
Dizzy gives out a free T-shirt to every 100th customer entering the park. The cost of this T-shirt would best be described as a:


A. fixed cost
B. mixed cost
C. step-variable cost
D. true variable cost
Business
2 answers:
Licemer1 [7]3 years ago
6 0

Answer:

C. Step variable cost

Explanation:

Fixed costs are those costs which are incurred anyways irrespective of the level of operation of a business or the volume of activity. For example rent of factory is a fixed cost which has to be incurred regardless of the production level.

Variable costs are those costs which vary with the level of production. e.g labor cost.

In this case, a T- shirt is given to every 100th customer.  This kind of cost is step cost at the level of 100th customer. The number of T-shirts in a day would depend upon the no of patrons arriving each day i.e variable.

Thus, this is the case of a step variable cost which is incurred at discrete point i.e every 100th customer.

vlada-n [284]3 years ago
6 0

Answer:

Step Variable cost

Explanation:

This cost remains the same over a period of time or until certain threshold is attained. It is subjected to review periodically if the manager decides. While a true variable cost varies in direct proportion to production activities , step variable does not.

Another example of step variable cost is compensation given out to either employees when a set target is achieved.

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KATRIN_1 [288]

Answer:

The answer is true.

Explanation:

Preference or preferred shareholders are synonymous to lenders to a business or company. Preferred shares are like debt to a business. They possess the characteristics of both debt and equity and in the case of liquidation, they have to be settled first. Common shareholders are the last shareholders to settled.

3 0
2 years ago
What are five things you can do to overcome stereotypes?
svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

  • Admit and Say that the stereotypes are wrong
  • Find famous people to give examples of, who think stereotypes are wrong
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6 0
3 years ago
Read 2 more answers
New Coffee Company, LLC uses JIT (just-in-time) logistical supply methods. This indicates that the company doesn't really keep l
Leona [35]

Answer:

B) Inventory turnover ratios

Explanation:

Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.

One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.

4 0
3 years ago
Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 Oc
baherus [9]

Answer:

$12,800

Explanation:

This can be calculated as follows:

November sales in unit = 64,000

Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:

Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800

Therefore, 12,800 video games in inventory at October 31.

7 0
3 years ago
(I) The real interest rate: A. is the interest rate that is quoted on a financial debt and a​ firm's assets. B. is equal to the
Anestetic [448]

Answer:

B. is equal to the nominal interest rate minus the inflation rate

(II) 3.4% simplify method

    3.317% fisher formula

Explanation:

5.9 - 2.5 = 3.4 real rate

or using fisher formula

\frac{1+rate}{1+inflation} - 1 = $real rate

1.059/1.025 - 1= 3.317 real rate

5 0
3 years ago
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