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I am Lyosha [343]

3 years ago

8

A student bought a used car for $10,000 and resold it one year later for $6,500. insurance, license, and operating costs for the

year were $1,500. what was his economic cost of owning and operating the car for the year if the market rate of interest was 10 percent?

1 answer:

Illusion [34]3 years ago

4 0

Nojeejjejduduhddhdhdjdjf

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The following data pertains to activity and costs for two months:

Irina-Kira [14]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The following data pertains to activity and costs for two months:

June July

Activity level in units 10,000 12,000

Direct materials $ 16,000 $ ?

Fixed factory rent 12,000 ?

Manufacturing overhead 10,000 ?

Total cost $ 38,000 $ 42,900

First, we need to calculate the unitary variable cost of direct material and direct labor.

Unitary cost Direct material= 16,000/10,000= 1.6 per unit

Unitary cost Direct Labor= 12,000/10,000= 1.2 per unit

Now, we calculate the cost of the prime costs of 12,000 units:

Direct material= 1.6*12,000= 19,200

Direct labor= 1.2*12,000= 14,400

Total= $33,600

Manufacturing overhead= 42,900 - 33,600= $9,300

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3 years ago

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d1i1m1o1n [39]

Answer:

Sure why not what is it but give me a crown

Explanation:

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2 years ago

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country cupboard purchased inventory for $ 4 comma 800 and also paid a $ 360 freight bill. Country Cupboard returned 20% of the

Ede4ka [16]

Answer:

A. $ 4,123

Explanation:

For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.

The freight will count as necessary and incurred thus, added.

Invoice nominal 4,800

returns

4,800 x 20% = <u> (960)</u>

balance 3,840

discount 2% <u> (76.8) </u>

merchandise cost 3.763,2‬

freights-in <u> 360 </u>

total cost 4,123.2

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3 years ago

The minimum wage is increased from $7.25 to $9.00 per hour. Calculate the elasticity of demand for fast food workers over the re

deff fn [24]

Answer:

As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.

Explanation:

<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get, </em>

<em>LD1 = 95-3(7.25) = 73.25 </em>

<em>LD2 = 95-3(9) = 68 </em>

Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33

The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.

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2 years ago

which group has individual investors as participants and is a lender of funds to the financial markets? multiple choice question

Feliz [49]

The financial markets are financed by those with money but no ideas, and they also include private investors as participants.

A marketplace where bonds, equities, securities, and currencies are traded is referred to as a financial market. Few financial markets do daily security transactions worth trillions of dollars, whereas some are smaller and less active. These are marketplaces where investors gain more money, firms increase their cash flow, and dangers are reduced.

The selling and purchasing of financial assets and securities takes place in a venue known as a financial market. In the economy of the country, it distributes scarce resources. By facilitating the transfer of funds between investors and collectors, it acts as an intermediary.

On a financial market, the stock market enables investors to buy and sell shares of publicly traded corporations. The primary stock market is where new stocks are initially offered, together with other stock securities.

Learn more about financial market here

brainly.com/question/27961174

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1 year ago