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tamaranim1 [39]
3 years ago
11

Heather Oak is trying to prepare a personal budget and has identified the following list of monthly costs. Identify each cost as

fixed, variable, or mixed. Indicate a possible cost driver for any variable or mixed cost.
Rent.
Utilities.
Car payment.
Cell phone bill.
Gasoline.
Cable bill.
Groceries.
Dining out.
Business
1 answer:
worty [1.4K]3 years ago
7 0

Answer:

Cost                     Nature            Cost driver

Rent                     Fixed                Area per ft

Utilities                 Variable             Units used per activity

Car Payment        Variable             Km. run

Cell phone bill      Variable             Charges peer min of usage

Gasoline               Variable             Usage per in ltr.

Cable Bill              Fixed                 Number of connected devices

Groceries             Variable               Usage per day

Dining Out            Variable              Number of days dined out

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The complete question with diagram is attached

Answer:

($3.00, 420 lbs) and ($2.10, 510 lbs)

Explanation:

A shift in demand occurs when the quantity of a product consumers wants changes at all price levels.

A shift to the right indicates an increase in quantity demanded at all prices, while a shift to the left indicates a reduction in quantity demanded at all prices.

In the given scenario there is a shift in demand to the right with increase in 20 lbs of onions.

So at every price level there will be an increase in quantity demanded by 20 lbs.

According to the diagram at price $3 quantity initially demanded was 400 lbs. With the demand shift it will now be 400 + 20 = 420 lbs.

At price $2.10 demand was initially 490 lbs now it will be 490 + 20 = 510 lbs

5 0
3 years ago
Jane Westerlund owns a picture-framing store, The Caplow Co. The average price she receives for a framed picture is $120. This p
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Answer:

this would cause total costs to Increase and the break-even quantity to Increase.

Explanation:

Total Cost is the Sum of All Manufacturing and Non-Manufacturing  Cost of a product.

Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.

Therefore an Increase in the advertising expense causes an increase in Total cost figure.

Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.

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3 years ago
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When dissolution occurs in the latter stages of a relationship between two firms, the loss of investments made in the relationshi
yan [13]

Answer:

The correct answer is letter "A": True.

Explanation:

The dissolution is the first of two steps in the termination of a partnership. It is followed by the "wind up" process where the firm ends to do business. The longer two or more companies hold a partnership, the worse the damages after the dissolution since at latter stages the firms tend to be more engaged in benefits and responsibilities.

7 0
3 years ago
Which of the following items could be painted in a dark color to be on trend in 2020?
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I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
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3 years ago
The Acmeville Metropolitan Bus Service currently charges $ 0.67 for an all-day ticket, and has an average of 472 riders a day. T
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Answer:

The price elasticity of demand is -3.7

Explanation:

Price Elasticity of demand measure the responsiveness of demand against the change in price of the product.

Simple percentage method calculate the price elasticity by taking ratio of percentage change in Demand to percentage change in price of the product.

Percentage change in Demand = ( Revised demand - Initial demand ) / Initial demand  

Percentage change in Demand = ( 182 riders - 472 riders ) / 472 riders = -0.6144 = -61.44%  

Percentage change in Price = ( Revised Price - Initial Price ) / Initial Price  

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Price Elasticity = -61.44% / 16.42% = -3.74 = -3.7

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3 years ago
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