Answer:
Total number of years = 35
a. Expected cost in 2017 = $25 * e^(35*0.16)
Expected cost in 2017 = $25 * e^5.6
Expected cost in 2017 = $25 * 270.42
Expected cost in 2017 = $6,760.50
b. If the average cost of a textbook in 2012 was $150, then the actual inflation rate:
150 = 25 * e^(r*t)
150 = 25 * e^(r*30)
6 = e^(r*30)
Taking log base e on both side
30r = Ln6
30r = 1.7918
r = 1.7918/30
r = 0.05972667
r = 5.97%
So, actual inflation rate is 5.97%
Answer:
Variable cost per unit= $1.75
Fixed costs= $4,500
Explanation:
Giving the following information:
Units Produced Total Cost
July 18,000 $36,000
August 32,000 48,000
September 36,000 55,000
October 22,000 38,000
November 40,000 74,500
December 38,000 62,000
<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (74,500 - 36,000) / (40,000 - 18,000)
Variable cost per unit= $1.75
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 74,500 - (1.75*40,000)
Fixed costs= $4,500
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 36,000 - (1.75*18,000)
Fixed costs= $4,500
Answer:
We have to select the supply curve graph that correctly depicts the situation.
I have provided the graphs in the attachment below.
The correct answer is the graph C
Explanation:
When factors other than price increase the supply of a good, the supply curve shifts to the left. Mechanical refrigeration is an advance in technology that increases the amount of dairy products that producers can supply at any given price, therefore, the supply curve shifts to the right.
Demand stays the same, and benefits from lower prices (and from smaller fluctuations in price).
Answer:
A. Body Language should be your answer
Answer:
B. Depreciation Expense
Explanation:
<u>Depreciation Expense</u> appears in a post-closing trial balance. As we know that "Depreciation expense" is just the outlay of depreciation that is inscribed on the income declaration. In different words, it is the value of an asset's expense that has been earmarked as well as described as an expense for the time (month, year, etc.) presented in the earnings statement's head.