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Lelu [443]
3 years ago
12

The average total cost of producing electronic calculators in a factory is $10 at the current output level of 260 units per week

. If fixed cost is $880 per week, then what is the firm's variable cost? (enter answer as just a number no commas, dollar signs or the like).
Business
1 answer:
tamaranim1 [39]3 years ago
3 0

Answer:

6.62

Explanation:

total production costs = total output x average total cost per unit = 260 calculators x $10 per unit = $2,600

total fixed costs = $880

total variable costs = total production costs - total fixed costs = $2,600 - $880 = $1,720

variable cost per unit = total variable costs / total output = $1,720 / 260 calculators = $6.61538 = $6.62 per unit

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SWOT provide a useful starting point for improving firms and better positioning them for discrediting.
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4 years ago
Name some results that would happen to someone without personal finance skills
asambeis [7]

Answer:

The answer would be

Explanation:

1. Not keeping a budget

2. Paying bills late

3. Not saving money

4. Buying what you want instead of what you need

5. Impulse purchases

6. Getting into debt

7. Borrowing money

8. Being too stingy

9. Not learning about money management

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Your health is not the only thing negatively affected by poor money management habits. Your career can also take a costly toll from stressors caused by mismanaging your finances

4 0
3 years ago
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva
mina [271]

Answer:

8.13%

Explanation:

Annual return = [ (Total FV/Initial investment)^(1/n) ] -1

n = useful life of the project

Total Future Value = (22650*5) +5000

Total FV = $118,250

Initial investment = $80,000

Annual return = [ (118,250/80,000)^(1/5) ] -1

r = [ (1.478125^(1/5)] -1

r = 1.0813 - 1

r = 0.0813 or 8.13%

6 0
3 years ago
When Beck joined his uncle's oil exploration company in east Texas, he was given several hundred shares of stock in the firm, an
sergij07 [2.7K]

Answer: Master limited partnership

Explanation:

A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer.  A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.

7 0
4 years ago
Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 110 $46 Mar.
Rama09 [41]

Answer:

The answer is: Gross profit = $2,788

Explanation:

  • Feb. 1         Purchase    110 units     $46 per unit
  • March 14    Purchase    190 units    $48 per unit
  • May 1         Purchase     135 units   $ 50 per unit

312 units were sold at $64 per unit, tax rate is 30%

Using FIFO, what is the company's gross profit? We first calculate COGS

Cost of goods sold - 312 units:

  • 110 units at $46 per unit = $5,060
  • 190 units at $48 per unit = $9,120
  • 60 units at $50 per unit = $3,000

Total COGS = $17,180

<u>Income statement for Hogan Industries 2017</u>

Total revenue         $19,968

<u>COGS                     ($17,180)     </u>

Gross profit             $2,788

<u>Taxes 30%             ($836.40)   </u>  

Net profit                $1,951.60

6 0
3 years ago
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