State and local crime rates are affected by citizens with gambling addictions.

What is the unit cost per tire when 4,000 tires are produced?

Papessa [141]

Answer: $76

Explanation:

If Blue Wagon sells everything it produces, this means that the capacity of the factory is underutilised and so more goods can be produced.

The fixed cost for producing 3,000 tires will therefore be the fixed costs for producing 4,000 tires.

= 20 * 3,000

= $60,000

Total cost when 4,000 tires are produced is;

= Variable costs + fixed costs

= (38 * 4,000) + ( 14 * 4,000) + ( 9 * 4,000) + 60,000

= 152,000 + 56,000 + 36,000 + 60,000

= $304,000

Cost per tire;

= 304,000/4,000

= $76

7 0

3 years ago

Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu

Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0

3 years ago

The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone

Deffense [45]

Answer:

Explanation:

a) x1 = number of unit product 1 to produce , and

x2 number of unit product 2 to produce

A linear program that will maximize world light profit is the following

maximize $x_1+2x_2$ subject to $x_1+3x_2\leq 200$

$2x_1+2x_2\leq 300\\\\x_2\leq 60\\\\x_1\geq 0\\\\x_2\geq 0$

Unit 1 is used both in products in 1 : 3 ratio which can be a maximum of 200 unit 2 is used in 2 : 2 ratio which can be maximum of 300

So, this can be written as the inequations

Profit functio is p = 0ne dollar on product A and two dollar on product B

= x + 2y

Now , we find a feasible area whose extremeties will give the maximum profit for, the graph is ( see attached file )

So on the graph, we can get the other extremeties of the shaded regional so which will not give maximum profit ,

Thus , the maximum possible profit is

p = ($1 * 125) + ($2 * 25)

= $175

4 0

3 years ago

Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following:

joja [24]

Answer & Explanation:

Account Type of Account Increase side

Supplies Asset Debit

Retained Earnings Capital Credit

Fees Earned Revenue Credit

Accounts Payable Liability Credit

Salary Expense Debit

Common Stock Asset Debit

Account Receivable Asset Debit

Equipment Asset Debit

Notes Payable Liability Credit

8 0

2 years ago

Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily. a. Based on the EAR (or EFF%),

Pie

Answer:

Bank A should be chosen.

Explanation:

Given:

Effective annual rate (EAR) of bank A = 10%

Bank B pays 9% compounded daily. EAR of bank B is calculated below:

EAR = $( 1+\frac{i}{n})^{n} -1$

Where, i is 0.09

n is compounding period that is 365 (since it is compounded daily)

EAR = $( 1+\frac{0.09}{365})^{365} -1$

= 1.0942 - 1

= 0.0942 or 9.42%

Bank B pays EAR of 9.42%

Based on EAR, Bank A should be selected as it pays higher EAR of 10%.

3 0

2 years ago