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Katena32 [7]
3 years ago
8

Using account analysis, what type of cost is the fee the airline company charges for your bags assuming a typical policy is $25

if the bag weighs between 0 and 50 lbs.; $75 if the bag weighs between 50 and 75 lbs. and $125 if the bag weighs between 75 and 100 lbs
Business
1 answer:
Serga [27]3 years ago
6 0

Answer:

Step cost

Explanation:

Airline company charging for bags is a type of step cost. Step costs are costs that remain fixed within a stipulated range, thereafter which it changes.

For a particular level of activity, cost remains the same. After this level is crossed, cost is increased to accommodate additional charges that the company has to bear.

In this case, cost remains same between 0 and 50 lbs weight of bag that is $25. If the weight of bag is beyond 50 lbs, then charges increase to $75. This is an example of step cost.

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Demand for bikes has suddenly increased, and the
soldier1979 [14.2K]

When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.

<h3>What is meant by profit?</h3>

Profit is an incentive earned by a company by selling its products at a price higher than the original cost.

From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.

Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.

Learn more about the economic profit in the related link:

brainly.com/question/15699405

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5 0
1 year ago
A blind help-wanted ad is usually for door-to-door salespeople. <br> True or False
qwelly [4]
Answer: False

It seems very unlikely that a blind person would go door to door to ask for help.
8 0
3 years ago
Financial statements of a manufacturing firm The following events took place for Rushmore Biking Inc, during February, the first
pentagon [3]

Answer and Explanation:

The Preparation of income statement is prepared below:-

<u>Rushmore Biking Inc. </u>

<u>Income statement </u>

<u>For the month ended February 28 </u>

<u>Particulars                                                 Amount</u>

Revenues                                               $7,30,300

Less: Cost of goods sold                      $4,41,400

Gross profit                                            $2,88,900

Selling and administrative expenses:  

Selling expenses                    $1,48,500

Administrative expenses       $72,200  

Less: Total Selling and administrative

expenses                                                    $2,20,700

<u>Income from operations                             $68,200</u>

3 0
3 years ago
New England Co. had net cash provided by operating activities of $351 ,000; net cash used by investingactivities of $420,000; an
Ira Lisetskai [31]

Answer:

d. $248,000

Explanation:

beginning cash balance            27,000

operating activities 351,000

investing activities (420,000)

financing                 250,000

cash generate during the year 181,000

ending cash balance                208,000

<u>Note:</u>

The information of the sale of land is contained with the investment activities.

The proceeds from sales are in the operating activities.

<u>We just need to calculate using the total for each activity.</u>

7 0
3 years ago
According to finance theory firms should attempt to
svlad2 [7]
Maximize shareholder value.
3 0
3 years ago
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