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kolbaska11 [484]
3 years ago
9

Runaround Corporation sells running shoes and during January they ran production machines for 29 comma 000 hours total and incur

red $ 10 comma 500 in maintenance costs. During July they ran production machines for 15 comma 000 hours total and incurred $ 8 comma 600 in maintenance costs. Based on this​ data, what will total maintenance costs be if the machines are run for 18 comma 500 ​hours? (Round intermediary calculations to the nearest​ cent.)
Business
1 answer:
den301095 [7]3 years ago
4 0

Answer:

$9,075

Explanation:

As we know that:

Variable cost per hour = Cost Difference / Units Difference

Variable cost per hour = ($10,500- $8,600) / (29,000 - 15,000)

= $00.1357142857142857 per hour

Which means:

Fixed Cost = $10,500 - (29,000 * $0.0.1357142857142857 per hour)

= $6,564

The total variable cost for 18,500 hours is calculated as under:

Total Variable Cost = 18,500 Unit * $0.1357142857142857 per hour

= $2,511

Total Maintenance Costs = $6,564 + $2,511 = $9,075

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The correct answer for the question that is being presented above is this one: "Monopolistic competition." A market structure with a large number of sellers who make differentiated products is called monopolistic competition. Monopolistic Competition refers to a type of imperfect competition<span> such that many producers sell products that are differentiated from one another.</span>

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3 years ago
How can insurance help with meeting savings goals?
Rudiy27

Answer:

Explanation:

PROVIDING FOR YOUR FAMILY IF YOU PASS AWAY. ...

PROTECTING YOUR INCOME FROM DISABILITY. ...

GROWING YOUR MONEY OVER TIME. ...

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3 years ago
1) Michael's, Inc., just paid $1.95 to its shareholders as the annual dividend. Simultaneously, the company announced that futur
Marizza181 [45]

Answer:

Price we are wiling to pay = $46.429

Explanation:

Hi, this can be calculated using the dividend discount model

Stock price we are willing to pay  = D / (r - g) where,

D = Dividend

r = required rate of return of investor

g = growth

So working the formula gives us,

Price = 1.95 / (0.085 - 0.043)

Price = $46.429

This is the price we are willing to pay.

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3 years ago
Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes
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Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.

<h3>What is vertical merger?</h3>

A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.

Some characteristics of vertical merger are-

  • A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service.
  • Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.
  • Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger.
  • A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.
  • An example of a vertical merger would be an automaker combining with a parts supplier.
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To know more about vertical merger, here

brainly.com/question/9282351

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3 0
2 years ago
In situations of sticky prices and negative demand shocks, we would expect firms to A. deplete inventories before increasing pro
valina [46]

Answer:

C. Build up inventories before reducing production.

Explanation:

Demand shocks happen when there is a sudden and considerable shift in the patterns of private spending, either in the form of consumer spending from consumers or investment spending from businesses. An economic downturn in the economy of a major export market can create a negative shock to business investment, particularly in export industries. A crash in stock or home prices can cause a negative demand shock as households react to a loss of wealth by cutting back sharply on consumption spending. Supply shocks to consumer commodities with price inelastic demand, such as food and energy, can also lead to a demand shock by reducing consumers real incomes. Economists sometimes refer to demand side shocks as "non-technological shocks." We need to build up inventories before reducing production.

5 0
3 years ago
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