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anyanavicka [17]
3 years ago
13

Costs that change directly with the level of production are referred to as ________ costs

Business
1 answer:
Elodia [21]3 years ago
6 0
The answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.
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Midyear on July 31st, the Chester Corporation's balance sheet reported:
erastova [34]

Answer:

$76.856 million

Explanation:

As we know that Balance sheet is divided in two portions.

1. Total Assets (Current Assets + Fixed Assets)

2. Total Liabilities and Share Holders' Equity.

and they both should be equal. So we can write from the above information, as:

Total Assets = Total Liabilities + Total Common Stock + Retained Earnings

N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.

Hence, by putting the values in above equation we can find our Retained Earnings as:

Retained Earnings + $128.230 million + $6.350 million = $211.436 million

Retained Earnings + $134.58 million = $211.436 million

Retained Earnings = $211.436 million - $134.58 million

Retained Earnings = $76.856 million

6 0
3 years ago
Identify Ten (10) Differences that exist Between
Alisiya [41]

Explanation:

Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.

4 0
3 years ago
Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end of each of the next 20 years.
Effectus [21]

Answer:

The amount to be paid for the contract today = $220,908.32

Explanation:

<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>

Present Value = A ×( 1 - (1+r)^(-n))/r

A- 22,500, r- rate of return - 8%, n -no of years 20 years

PV = 22,500 ×( 1-(1.08)^(-20) )/ 0.08

PV = 22,500 ×9.8181

PV = $220,908.32

The amount to be paid for the contract today = $220,908.32

7 0
3 years ago
Nonrenewable energy cannot keep up with population growth. True False
Scorpion4ik [409]

Answer:

True

Explanation:

8 0
3 years ago
A firm has Gross Profit of $3.1 million, cost of sales of $1.6 million, operating expenses of $0.6 million, and "other" income o
diamong [38]

Answer:

C. $4 million

Explanation:

With regards to the above we need to compute first the net profit, before the EBIT.

Gross profit

$3.1 million

Less : operating expenses

($0.6 million)

Net profit

$2.5 million

Therefore, the EBIT is computed as;

EBIT = Net profit + other income

EBIT = $2.5 million + $1.5 million

EBIT = $4.0 million.

The value of EBIT is $4 million.

4 0
3 years ago
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