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dedylja [7]
3 years ago
13

A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen

t, and assuming that the company’s product sold for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses?
Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

= Approximately frauds × Profit margin

= $10 million × 10%

= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

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If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen
Natali [406]

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>
  • A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
  • The long-run average cost curve displays the long-run total cost of production at the lowest level of output.
  • Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
  • Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
  • If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

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6 0
2 years ago
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank stat
fredd [130]

Answer: $31,625

Explanation:

To find out the adjusted cash balance per the bank records we will do the following,

First we'll add the deposits in transfer as the bank account already has those,

= 29,361 + 3,650

= $33,011

The bank incorrectly increased a check issued to $94 from $49 so we add the difference to above amount

= 33,011 + (94 - 49)

= $33,056

Then finally we subtract the outstanding checks.

= 33,056 - 1,431

= $31,625

The adjusted cash balance per the bank records should be $31,625.

6 0
3 years ago
According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500. A real estate
Tems11 [23]

Answer: A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500

Explanation:

From the question, we are informed that according to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500 and that a real estate broker believes that due to recent credit crunch, the mean price has increased since then and the result is that the null hypothesis is not rejected.

The conclusion based on the results of the test is that since the null hypothesis has been rejected, it simply means that there are sufficient evidence that there has been an increase in the mean price since two years ago.

Therefore, option A is the correct answer.

3 0
3 years ago
Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
zzz [600]

Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0
3 years ago
When direct labor employees contribute to the production process, the cost of their labor is recorded by debiting: O Wages Expen
lutik1710 [3]

Answer:

The correct answer is letter "C": Work in Process Inventory.

Explanation:

Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.

6 0
3 years ago
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