I am going to have to say B. hope i am right :)
0.07x+0.06 (4000-x)=264
Solve for x
X=2400 invested at 7%
Answer:
variable food cost allocated to other department is $24320
So option (c) will be the correct answer
Explanation:
We have given variable food cost were budgeted at $64 per employee
Average of employee = 380
We have to find the food cost allocated to the other department
Variable food cost allocated to the other department = 380×$24 = $24320
So variable food cost allocated to other department is $24320
So option (c) will be the correct answer
Answer:
Borrowers often require quite large quantities of funds whereas the lender generally will only have smaller amounts of surplus funds; in other words, the capacity of the lender is less than the size of the investment project. For example, the purchase of a house is likely to require more funds than can be provided by any individual lender.
Answer:
$2,600
Explanation:
The computation of economic profit is shown below:
Economic profit = Revenues - Economic cost
where,
Economic cost = Explicit cost + Implicit (opportunity) cost
where,
Implicit cost
= $10 × 8 hours × 30 days
= $2400
And,
Explicit cost for a month = $10,000
So,
Economic cost is
= $10,000 + $2400
= $12,400
Now
The Revenue
= Price × quantity
= $10 × 50 items × 30 days
= $15,000
Finally
Economic profit is
= $15,000 - $12,400
= $2,600