What is a business's net profif if it has $762,750 in income, $291,400 in operating expenses, and

The ACC Tutoring Service provides tutoring to accounting students.

anzhelika [568]

Answer:

$17,500

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)

= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)

= $70,000 ÷ 2,800 hours

= $25

Now the fixed cost equal to

= High tutoring cost - (High service hours × Variable cost per hour)

= $125,000 - (4,300 hours × $25)

= $125,000 - $107,500

= $17,500

5 0

4 years ago

If a good is normal, then a decrease in price will cause a substitution effect that is?

denis-greek [22]

Explanation:

If a good is normal, then a decrease in price will cause a substitution effect that is The correct answer was: a. positive and an income effect that is positive.

8 0

1 year ago

1. Mrs. Ryan plants 3 flowers along 4 inches of a garden row. The garden row is 3 feet long.

finlep [7]

Question 1. if 3 flowers = 4 inches, and she has a 3 foot long row to plant flowers, then we need to see how many inches the row is.

1 foot = 12 inches

12 inches x 3 = 36 inches, or 3 feet.

Now we need to divide.

36 divided by 4 = 9.

So now we know that Mrs. Ryan can plant x amount of flowers 9 times. This makes the answer easier to find.

To find the answer, we need to simply multiply 3 and 9.

3 x 9 = 27.

Your answer would be Mrs. Ryan planted 27 flowers.

Question 2. this is simple. Just multiply 5 and 3.

5 x 3 = 15.

Your answer would be Mrs. murphy bought 15 feet of fabric.

Question 3. This is simple...Just multiply 4.3 x 100, or move the decimal over to the right twice and put a 0 where theres an empty space.

4.3 x 100 = 430

Your answer is the line is 430 centimeters wide.

Question 4. This is simple, just multiply 2.9 x 100 or move the decimal over to the right twice and put a 0 where there's an empty space.

2.9 x 100 = 290

Your answer is The book is 290 milliliters wide.

Question 5. This is also very simple. This time we add a decimal twice to the left. Put the decimal next to the 0 in 210.

210.

21.0

2.10

Your answer would be the bookshelf is 2.1 meters tall.

Question 6. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

Your answer would be c, 33.02 cm.

Question 7. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

Your answer would be c, 33.02 cm.

6 0

3 years ago

Ben Collins plans to buy a house for $180,000. If the real estate in his area is expected to increase in value by 1 percent each

rjkz [21]

Answer:

The approximate value of the house is 192984

Explanation:

I don't know what you mean by "Use Exhibit 1-A" but you can calculate this as follows

180000 * (1+1%)^7

The general formula of cumulative interest is

A * (1+i)^n

A = Amount

i = interest, in this case 1%

n = number of periods, in this case, 7

6 0

3 years ago

Southern Markets recently paid an annual dividend of $2.62 on its common stock. This dividend increases at an average rate of 3.

Tems11 [23]

Answer:

Dividend yield = 9.67%

Explanation:

Dividend growth rate = Average rate of increase in dividend = 3,8%

Next annual dividend = Annual dividend just paid * (100% + Dividend growth rate) = $2.62 * (100% + 3.8%) = $2.71956

Dividend yield = Next annual dividend / Current share selling price = $2.71956 / $28.12 = 0.0967, or 9.67%

5 0

3 years ago