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ddd [48]
3 years ago
9

Daniel is planning to earn money over the summer mowing lawns in the neighborhood to buy a scooter. The scooter he wants costs $

2,200. He will be charging $16.0/lawn and estimates his costs to be $2.7/lawn. How many lawns must he mow in order to pay for the scooter entirely through his earnings?
Business
1 answer:
alexdok [17]3 years ago
6 0

Answer:

165 lawns

Explanation:

The computation of the number of lawns is shown below:

= The cost of scooter ÷ Profit per lawn

where,

The cost of the scooter is $2,200

And, the profit per lawn is

= Charging per lawn - estimated cost per lawn

= $16 - $2.7

= $13.3

So, the number of lawns is

= $2,200 ÷ $13.30

= 165 lawns

Basically we dividing the cost of scooter by the profit per lawn

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After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
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3 years ago
Of these common educational requirements for Finance careers, select those you are most interested in achieving. Check all that
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Answer:

The correct options are Advanced degree after a traditional four year college degree and On the Job training Experience.

Explanation:

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The Green Machine Manufacturing Company has the option to make or buy a component part for one of its lawnmowers. The annual req
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B. What is the total cost at the break even point.
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3 years ago
Allocating Joint Costs Using the Net Realizable Value Method
Ilya [14]

Answer:

Allocating Joint Costs Using the Net Realizable Value Method

1. Joint Cost

Grades Allocation

L-Ten   $1,850

Triol      6,569

Pioze     3,881

Total $12,300

2. Joint Cost

Grades Allocation

L-Ten   $2,112

Triol      5,756

Pioze    4,432

Total $12,300

Explanation:

a) Data and Calculations:

Cost of each production run = $12,300

Product    Gallons  Further Processing     Eventual Market   Net Realizable

                                Cost per Gallon          Price per Gallon         Value

L-Ten          3,200              $0.70                       $2.10                $4,480

Triol            3,700                  1.10                         5.40                 15,910

Pioze         2,000                  1.50                        6.20                  9,400

Total          8,900                                                                      $29,790

Allocation of join cost:

L-Ten = $4,480/$29,790 * $12,300 = $1,850

Triol = $15,910/$29,790 * $12,300 = $6,569

Pioze = $9,400/$29,790 * $12,300 = $3,881

Product    Gallons  Further Processing     Eventual Market   Net Realizable

                                Cost per Gallon          Price per Gallon         Value

L-Ten          3,200              $0.70                       $2.10                $4,480

Triol            3,700                 2.10                         5.40                 12,210

Pioze         2,000                  1.50                        6.20                  9,400

Total          8,900                                                                      $26,090

Allocation of join cost:

L-Ten = $4,480/$26,090 * $12,300 = $2,112

Triol = $12,210/$26,090 * $12,300 = $5,756

Pioze = $9,400/$26,090 * $12,300 = $4,432

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