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aksik [14]
3 years ago
12

Consider the following: Alex is one of the leading widget producers in the country. His total costs amount to $10,000, total fix

ed costs are $2,000, and average variable costs are $400. How many widgets is Alex producing
Business
1 answer:
Lilit [14]3 years ago
6 0

Answer:

The correct answer is 20 units.

Explanation:

According to the scenario, the given data are as follows:

Total cost = $10,000

Total fixed cost = $2,000

Average variable cost = $400

So, Total variable cost = Total cost - Total fixed cost

= $10,000 - $2,000 = $8,000

So, we can calculate the total number of widgets producing by using following formula:

Units producing = Total variable cost  ÷ average variable cost

= $8,000 ÷ $400

= 20 units

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Wage and tips income
Shkiper50 [21]

Answer:

D

Explanation:

All tips income is taxable

4 0
3 years ago
Read 2 more answers
Elliston company accepted credit card payments for $10,000 of services provided to customers. the credit card company charges a
Nastasia [14]

To solve this question, take 3% of $10,000 to see what the increase would be:

$10,000 x 3% = $300

There is an increase of $300 due to the 3% credit card processing fee that the credit card company is imposing on Elliston.

8 0
3 years ago
You currently own 100 shares of stock in Beverly Brothers Inc. The stock currently trades at $120 a share. The company is contem
Gwar [14]

Answer:

No option is correct, since you will have 200 shares and each share should be worth around $60.

Explanation:

If the 2-for-1 stock split takes place then you will have 200 shares instead of 100. For every 1 share that you currently own, the corporation will issue another share.

Since the price of the shares was $120 before the stock split, after the stock split the price will be divided by two (the same proportion). So each new share will cost approximately $60.

In order for option 2 to be correct, the stock spit should have been 3-for-1.

8 0
3 years ago
Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast ov
NemiM [27]

Answer:

This is false.

Explanation:

The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:

Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.

Slander refers a spoken false statement about another person that damages their reputation unjustly.

Based on the definitions above, the statement in the question can be correctly rewritten as follows:

Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.

5 0
3 years ago
5. June sales were $27,000, while projected sales for July and August were $51,000 and $69,000, respectively. Sales are 60% cash
liraira [26]

Answer:

$41,400

Explanation:

The computation of the expected collections for July month is shown below:

Expected Cash collection for July = June Credit sales + July Credit sales

where,

June credit sales is

= $27,000 × 40%

= $10,800

And, the July credit sales is

= $51,000 × 60%

= $30,600

So, the expected collections for July month is

= $10,800 + $30,600

= $41,400

7 0
3 years ago
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