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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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Suppose Brazil has a comparative advantage in coffee production and Mexico has a comparative advantage in tomato production. If
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Answer:

The correct answer is A. Brazilian tomato producers are worse off.

Explanation:

A country has a comparative advantage in producing a good and service if its opportunity cost of producing that good and service is lower than that of its trading partner. So it is better off for a country that has a lower opportunity cost in production a good or service to specialise in that good or service.

Brazil has a comparative advantage in coffee production, meaning, it is better off in specialising in the production of coffee and will be worse off if Brazil specialises in Tomato

Mexico has a comparative advantage is Tomato, meaning, she is better off in specialising in Tomato and worse off if she specialises in Coffee

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3 years ago
King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
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Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

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3 years ago
A condensed income statement by product line for Healthy Beverage Inc. indicated the following for Fruit Cola for the past year:
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Answer:

Explanation:

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2 years ago
The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The
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The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

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<h3>The Profit per unit for base-case:</h3>

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45 - 10 - 20 - 3 = 12$ per unit

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