All categories

4 years ago

Presented below are data relating to labor for Verde Appliance Repair Shop.

Business

1 answer:

Andrei [34K]4 years ago

4 0

Answer:

Total cost is $200,000 and the bill for the job is $407.5

Explanation:

The total cost would be:

Total cost = Wages + Benefits + Overhead

= $110,000 + $40,000 + $50,000

= $200,000

Cost per hour = Total Cost / Labor hours

= $200,000 / 5,000

= $40 per hour

Profit per hour required is $20 per hour

Total rate per hour = Cost per hour + Profit per hour

= $40 + $20

= $60 per hour

The bill for the job would be:

Let the bill be X

Total bill = Used part cost + Repair cost per hour (1.5 hr is 93) + Loading charges

X = $70 + 93 + .6X

0.4 X = $163

X = $163 / 0.4

X = $407.5

You might be interested in

In most societies, resources are allocated by

Maksim231197 [3]

In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.

7 0

3 years ago

Variable costs as a percentage of sales for lemon inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How mu

GREYUIT [131]

When sales increase by $40,000, operating income will change by $-12,000.

<h3>By how much would operating income change?</h3>

The net operating income is total revenue less direct and indirect expenses. Direct expense is variable cost and indirect expenses are fixed costs.

Operating income = total revenue - variable expenses - fixed costs

Initial operating income: 600,0000 - (0.8 x 600,000) - 130,000 = -10,000

New operating income: (600,000 + 40,000) - [0.8 x (600,000 + 40,000)] - 130,000 = 2,0000

Change in operating income: -10,000 - 2,000 = $-12,000

To learn more about operating income, please check: brainly.com/question/26848906

#SPJ1

6 0

2 years ago

Explain why the supermarket industry is an oligopoly

Misha Larkins [42]

Answer and explanation:

An oligopoly is when the market is controlled by a small group of two or more companies. Oligopoly firms may consent to market collusion, and build obstacles to new trade entry. If the businesses do not, they will be forced to lower their prices and open the markets to new and smaller firms.

<em>Supermarkets are oligopolies because in every market there are a few companies offering the same products just like them with small differentiation between one and another, providing those goods to relatively similar prices. </em>

4 0

3 years ago

Refer to the scenario below to answer the following question(s).Bryant and Anne are the owners of the Good Green Grocer, a small

nasty-shy [4]

Answer: deceptive pricing

Explanation:

Overall, the answer could be deduced from the defenitions of those terms.

We can surely exclude green washing, which basically means that the product is sold under "eco", "green" label, when it is not. Puffery is a legal practise, which can not be proven to be true or false; which is clearly not the case in this example.

Now we are left with three categories of deceptive marketing practices. Deceptive packaging means that the product does not fit the image peceived from its package. This might be the design, the size, the picture of the product, etc. Deceptive promotion means that the information on the ads is inaccurate, partly withhold, or false. Deceptive pricing means that the seller offers the product at lower price. This can be done by promoting low price for low-in-stock or out-of stock items and then offering the substituent products of the same category, which are surely more expensive.

7 0

4 years ago

Would it be possible for a company to report negative free cash flow and still be highly valued by investors; that is, could a n

Firlakuza [10]

Answer:

Yes, a negative free cash flow can be viewed optimistically by some investors depending on what they are looking for.

Explanation:

A negative free cash flow refers to inability of the business to generate enough cash flow.

This could be seen at face value as a disadvantage but an investor will check the books to know why and that will help to make a more informed decision.

Some companies start out acquiring infrastructure, setting up internal structures, human resources and internal workings of the organization years before proper sales that attract consistent cash flow starts to trickle in.

This pre-operating and initial operating expenses does not reflect well on paper thereby giving a negative free cash flow.

An investor would be optimistic about investing in a company of this sort that has put in place the right conduit to generate and sustain massive cash flow in the nearest future.

3 0

4 years ago