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nignag [31]
3 years ago
6

The following data have been collected for four different cost items.

Business
1 answer:
gregori [183]3 years ago
8 0

Answer:

Option (B) is correct.

Explanation:

W.

For finding the variable expenses = change in the cost ÷ change in the quantity

= (10,560 - 8,000) ÷ (140 - 100)

= 2560 ÷ 40

= 64 per unit

total variable expenses for 100 units 64 × 100 = 6400

fixed expenses = 8000 - 6400

= 1600  so it is of MIXED

X.

Here at even different quantity cost is same so it is of fixed expenses

Y.

For variable expenses = (9100-6500) ÷ (140-100)

= 65 per unit

for variable expenses = 65 × 100

                                     = 6,500

so it is of fully variable expenses

Z.

variable expenses = (8,580 - 6,700) ÷ (140 - 100)

= 47 per unit

= 47 × 100

= 4,700

so it is of mixed expenses

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A key characteristic of a successful entrepreneur is:
avanturin [10]

Answer:

C) Learning to fail intelligently

Explanation:

Economics recognizes four factors of production, the first three are land, labor and capital:

  1. land: includes any raw materials and natural resources used to produce other goods
  2. labor: human work involved in the production process.
  3. capital: physical tools and equipment involved in the production process

The fourth and probably most important factor is entrepreneurship. An entrepreneur is the person that combines all the other 3 factors of production into a business. Entrepreneurs take the risk of setting up their own business and many times are great innovators that are able to recognize opportunities and take them.

But doing business is not easy and being an entrepreneur is even harder. No matter how much positive energy and great ideas an entrepreneur has, there is chance that he will fail several times. Creative processes are not linear, they work on a trial and error basis and sometimes that also applies to running a new business. But as the great Micheal Jordan said," the important thing is not how many times you fall, but how many times you stand up."

high energy level

6 0
3 years ago
When cash outflows temporarily exceed cash inflows, banks are most likely to experience:
Musya8 [376]
C. a negative duration on it's assets.
3 0
3 years ago
The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
creativ13 [48]

Answer:

A. $1,517,648 thousand

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Cost of goods sold under LIFO - (Ending LIFO reserves - Beginning LIFO reserves)

= $1,517,397 - ($4,345 - $4,094)

= $1,517,648

We simply applied the above formula so that the cost of goods sold using the FIFO method could come

All other information i.e given is not relevant. Hence, ignored it

4 0
3 years ago
A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $4.00 pe
Montano1993 [528]

Answer:

   profit for the day           $ 2,001.64

Explanation:

We should subtract from the revenue of the 200 sandwhich prepared and sold the variable cost to made the sandwhihc the loss for the lost sales and the proportional fixed cost considered are allocated among the 25 days which the restaurant is open.

200 x $15 dollars =             $ 3,000

28 x $5 loss sales:              $   (140)

variable cost: 200 x $4       $  (800)

proportional fixed cost:

(1,234 + 225) / 25 =          <u>   $ (58.36)     </u>

     profit for the day           $ 2,001.64

4 0
3 years ago
Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% annual coupon rate, and a par value of $1,000. The discount rate is
azamat

Answer:

$977.93

Explanation:

This is a coupon paying bond. Using a financial calculator, input the following;

Time to maturity; N = 15

Coupon payment; PMT = 7.25% *1000 = 72.5

Face Value; FV = 1,000

Annual interest rate; I/Y = 7.5%

then compute the price of the bond, a.k.a present value; CPT PV = 977.93

Therefore, the price of the bond today is $977.93

7 0
3 years ago
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