A hospital benchmarked against a ferrari racing team in an effort to:

When comparing short-run average total cost with long-run average total cost at a given level of output, a. short-run average to

elena-14-01-66 [18.8K]

Answer:

c. short-run average total cost is typically above long-run average total cost

Explanation:

In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run

Therefore as per the given situation, the option c is considered

7 0

3 years ago

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 for $5,000,000. Rigsby appropriately uses the i

luda_lava [24]

Answer:

$153,000

Explanation:

Under an installment sales method, the seller defers the recognition of gross profit on sale arising out of a transaction, unless money is actually received for such a transaction.

Rate of profit earned by Rigsby Sales Co. for sale of tract of land

= Sales proceeds - Cost

= $5,000,000 - $3,300,000

= $17,00,000

Rate of profit earned = $\frac{Profit}{Sales\ of\ Land}$ = $\frac{1,700,000}{5,000,000}$ = 34%

Money received during current year i.e 2021 =

Down payment of $450,000

Thus, the revenue to be recognized and to be reported as per installment sales method for year ending on Dec 31, 2021 would be,

= Rate of profit earned on the transaction × Receipts during the period

= 34% × $450,000

= $153,000

3 0

3 years ago

Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually.

Phoenix [80]

Answer:

<em>The future value of the investment will be $3,754</em>

Explanation:

<u>Future Value of Investment</u>

Suppose we have a principal P invested for a period of n years at an interest rate i compounded annually. The final value or future value FV of the investment can be computed by:

$FV=P(1+i)^n$

The case we are considering consists of a present value P=2,000 that will be used to purchase a n = 10-year certificate of deposit (CD). It pays i=6.5% interest. When the CD matures, 10 years from now its value will be

$FV=2,000(1+0.065)^{10}$

$FV=2,000\cdot 1.877=3,754$

The future value of the investment will be $3,754

8 0

3 years ago

In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The compa

AURORKA [14]

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5 0

3 years ago

Read 2 more answers

In its cash flow statement for the current year, Fox Co. reported cash paid for interest of $70,000. Fox did not capitalize any

Nina [5.8K]

Answer:

$76,000

Explanation:

The calculation of the interest expense is shown below:

= Reported amount of cash paid for interest + Decrease in prepaid interest - decrease in accrued interest payable

= $70,000 + $23,000 - $17,000

= $76,000

The decrease in prepaid interest is classified as a current asset and the accrued interest payable is current liabilities and we know that the rise in current assets and a decline in current liabilities are excluded, while the decline in current assets and an increase in current liabilities are included.

6 0

3 years ago