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elena55 [62]
3 years ago
7

Fixed cost refers to: Group of answer choices the consideration exchanged for the ownership or use of a good or service. total e

xpenses incurred in producing or selling one additional unit of product. the total expense incurred by a firm in producing and marketing a product or service. expenses that are stable and do not change with the quantity of the product that is produced and sold. the sum of the expenses that vary directly with the quantity of the product produced and sold.
Business
1 answer:
Goryan [66]3 years ago
5 0

Answer:

Expenses that are stable and do not change with the quantity of products that is produced and sold

Explanation:

Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.

In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.

Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.

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Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat
sammy [17]

Answer:

So markup percentage will be 8 % on total unit cost

Explanation:

We have given that cost base per unit including selling and  administrative expenses is $60

per unit cost of selling and and administrative expenses is $15

The company desired ROI per unit is $6

We have to calculate the markup percentage on total unit cost

Markup percentage on total unit cost is given by '

markup percentage = \frac{desired\ ROI}{cost\ base\ per\ unit+ The \ per\  unit \ cost \ of \ selling \ and \ administrative\  expense}=\frac{6}{60+15}=0.08=8%  

So markup percentage will be 8 % on total unit cost

3 0
3 years ago
Under the allowance method, bad debts expense is recorded with an adjustment at the end of each accounting period that debits th
Crank

Answer:

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

Explanation:

When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:

A credit to Accounts Receivable (to remove the amount that will not be collected)

A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)

Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be

Dr. Allowance for Doubtful Accounts...1,200

Cr. Accounts Receivable....................................1,200

8 0
3 years ago
Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
alexandr402 [8]

Answer:

2014 CPI= 101.5

2013 CPI= 100.8333333

2014 Inflation Rate= 0.66%

Explanation:

Consumer Price Index (CPI):

The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.

Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

CPI (x+1) - CPI (x)

_____________

CPI (x)

5 0
3 years ago
Acquiring a government job based on political loyalty, without regard to ability, is called
umka2103 [35]
Acquiring a government job based on political loyalty, without regard to ability, is called <span>political patronage.

Hope this helps you! :-)</span>
6 0
3 years ago
You're deciding whether to install an $800 moonroof and a $400 security system in your car. Suppose the marginal benefit from th
blsea [12.9K]

Answer:

Install Security System

Explanation:

The security system should always be purchased, because, the marginal benefit of the security system is higher than the marginal cost of this system.

The marginal benefit of the security system is $600, the marginal cost of this system is $400.

In Moonroof marginal benefit is lesser than its marginal cost.

8 0
2 years ago
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