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kozerog [31]
3 years ago
7

Markets are classified as either

Business
1 answer:
Basile [38]3 years ago
7 0
As either? did you finish it?
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Mendoza Company's highest point of total cost was $80,000 in June. Their point of lowest cost was $65,000 in January. The compan
boyakko [2]

Answer:

The fixed costs per month are $50,000.

Explanation:

The problem can be presented as a system of 2 equations with 2 variables:

\left \{ {{80000=y + 16000*x} \atop {65000=y + 8000*x}} \right.

Where:

<em>y</em> are the fixed costs,

<em>x </em>are the variable costs per unit produced.

You can solve the system by the method you like. In this case im using the Gaussian Elimination method.

We start with the following AX = b matrix.

\left[\begin{array}{ccc}1&16000\\1&8000\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}80000\\65000\end{array}\right]

We substract the second row by the first row.

\left[\begin{array}{ccc}1&16000\\0&-8000\\\end{array}\right] = \left[\begin{array}{ccc}80000\\-15000\end{array}\right]

We divide the second row by (-8000):

\left[\begin{array}{ccc}1&16000\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}80000\\1.875\end{array}\right]

We substract the first row by 16,000 times the second:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

Multiplying this reduced matrix by the X matrix to interpret the results:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

We can say that Mendoza Company's has<em> y = $50,000</em> fixed costs and each unit costs <em>x = $1.875</em> to produce. Therefore the answer to the problem is $50,000.

8 0
3 years ago
Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to i
Serga [27]

Answer:

B. $466

Explanation:

5 0
3 years ago
Albert was wanting to save some money on his vacation, so he brought food and soft drinks with him to the airport to eat on the
denis-greek [22]

The given situation is a prime example of federal violations of First Amendment rights.

Option A

<u>Explanation: </u>

The First provision to the Rule of law of the United States of America prevents the Government from making laws governing religious establishments, restricting freedom of religion or shortening freedom of expression, freedom of the press, the right to peacefully assemble and the right of request to the Government to rectify any complaints It was approved as one of the ten changes to the Constitution on 15 December 1791.

The best examples demonstrate a contravention of someone's First Amendment rights that is the fighting-related news journalists embedded in. The news reports may not disclose first of all the War of the First Amendment.

5 0
3 years ago
Which is a tool used by the federal reserve in the conduct of monetary policy?
Hoochie [10]
There are three tools to achieve its monetary policy goals: the discount rate, reserve requirements, and open market operations
8 0
3 years ago
In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalen
Zigmanuir [339]

Answer:

The value of materials transferred out is $224,000

Explanation:

The condition for the units for transferred is that they must have been completed 100% with respect to equivalent unit cost,hence the materials transferred out should be valued at full $8.00 per direct material.

The value of materials transferred out=28,000*$8.00

                                                              =$224,000

The value of WIP=$8.00*85%*14,400

                           =$97,920

The closing WIP of $97920  would be the beginning inventory in production next period an would ultimately form part of materials completed and transferred next period.

8 0
3 years ago
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