Answer:
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Answer:
B Cost of ingredients for cupcakes rises.
Explanation:
Answer:
1. The cost formula for the gallery's costs for a year would be Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed is $86,000
Explanation:
1. According to the given data the cost formula for the gallery's costs for a year would be as follows:
Total cost=Fixed costs+Variable costs for the level of activity
Total cost=$80,000+$500*number of opening shows
Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed above would be as follows:
Total cost=$80,000+$500X
Total cost=$80,000+$500*12
Total cost=$80,000+$6,000
Total cost=$86,000
Answer:
1. 80,000
2. $40 per barrel
Explanation:
1. As we can see from the table provided The equilibrium quantity in this market is 80,000 barrels of heating oil per day, as quantity demanded match quantity supplied
2. As we can see from the table provided The equilibrium price is $40 per barrel as in this cost there is an intersection of quantity demanded and quantity supplied. In other words the equilibrium price and quantity could be find out when the quantity demanded equal to quantity supplied
Answer:
-$264,000
Explanation:
The net cash flows from investing activities for the year is presented below
Cash flow from investing activities
Purchase of equipment -$260,000
Proceeds from the sale of equipment $87,000
Purchase of land -$91,000
Net cash flow used by investing activities -$264,000
The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added
