Classify crimes in order according to the severity of their potential sentences.

If your income is $5353 a month, the price of pizza is $5 and the price of a video is $4, how many pizzas will you buy and h

musickatia [10]

Answer:

We can rent 1,070.6 videos or purchase 1,338.25 pizzas or any combination between the budget line attached

Explanation:

We have to divide our income for the cost of each item and them draw the budget line

$5,353 / 5 = 1,070.6

$5,353 / 4 = 1,338.25

4 0

2 years ago

Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay

SSSSS [86.1K]

Answer: The efficient outcome is to have the security system installed. After the meeting the security system will be installed, which illustrates the free rider problem.

Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.

∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.

3 0

3 years ago

The company is currently selling 5,000 units per month. Fixed expenses are $243,000 per month. The marketing manager believes th

REY [17]

Answer:

If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).

Explanation:

The company is currently selling 5,000 units per month at $150 per unit, and its total variable costs are $90 per unit.

Fixed expenses are $243,000 per month.

Current income statement:

sales revenue = $750,000

minus variable costs = ($450,000)

minus fixed costs = ($243,000)

net income = $57,000

If the company increases its advertising budget be $11,000 it should sell 180 more units per month, the new income statement would be:

sales revenue = $777,000

minus variable costs = ($466,200)

minus fixed costs = ($254,000)

net income = $56,800

If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).

7 0

3 years ago

Peggy Lane Corp., a producer of machine tools, wants to move to a larger site. Two alternative locations have been identified

Alborosie

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Two alternative locations have been identified: Bonham and McKinney. Bonham would have fixed costs of $ 800,000 per year and variable costs of $ 13,000 per standard unit produced. McKinney would have annual fixed costs of $ 920,000 and variable costs of $ 12,000 per standard unit. The finished items sell for $ 29,000 each.

Costs:

Bonham= 800,000 + 13,000*x

McKinney= 920,000 + 12,000*x

1) 800,000 + 13,000*x=920,000 + 12,000*x

1,000x=120,00

x=120 units

2) Because Bonham has a higher variable cost, from the indifference point and below, it generates a higher profit. From 120 units and more it generates less profit than McKinney.

3) Break-even point= fixed costs/ contribution margin

Bonham:

Break-even point= 800,000/(29,000 - 12,000)= 47 units

McKinney:

Break-even point= 920,000/(29,000-13,000)= 58 units

6 0

2 years ago

Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,

cricket20 [7]

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

7 0

3 years ago