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ivolga24 [154]
4 years ago
9

A candy maker sold 20 million bars last year for $1 each. It employed 200 employees earning $50K/yr. The total machine (capital)

depreciation last year to make bars was $5M.) It also has overhead of $5M/year. Each bar that is sold requires 25 cents of ingredients. How much revenue did the company earn last year? (in millions of dollars. for example, if it's $40M, enter 40) *
Business
1 answer:
AfilCa [17]4 years ago
4 0

Answer:

Revenue -$5 M

Explanation:

Below you will find the financial statement with the corresponding information:

Total income  20.000.000

(Salaries)        (-10.000.000) ----> 200 employees, each one earning 50k/year

(Depreciation) (-5.000.000)

(Overhead)      (-5.000.000)

(prod. costs)    (-5.000.000) -----> 0.25 per unit x 20.000.000 units sold

----------------------------------

Net Revenue  (-5.000.000)

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When firm A produces 100 units of a good, the cost per unit is $7. When it produces 200 units of the good, the cost per unit is
jolli1 [7]

Answer:

economies of scale

Explanation:

Economies of scale happen when the average total cost of producing additional units of output decreases as total output increases. The reason why this happens is that even if variable costs per unit remain the same, average fixed costs per unit decrease as total output increases.

4 0
4 years ago
The payroll register for Gamble Company for the week ended April 29 indicated the following:
seraphim [82]

Answer and Explanation:

The journal entries are shown below:

1. Salaries expense Dr $1,560,000

          To Social security tax payable  $93,600

          To Medicare tax payable $23,400

          To Federal income tax withheld payable $312,000

          To Salaries payable $1,131,000

(Being the payroll is recorded)

For recording this we debited the salary expense as it increased the expenses and credited all payable as it also increased the liabilities

2. Payroll tax expense Dr $132,600

          To Social security tax payable  $93,600

          To Medicare tax payable $23,400

          To State unemployment tax payable ($260,000 × 5.4%) $14,040

          To Federal unemployment tax payable ($260,000 × 0.6%) $1,560

(being the payroll tax expense is recorded)

For recording this we debited the payroll expense as it increased the expenses and credited all payable as it also increased the liabilities

           

7 0
4 years ago
What does it mean when we say that individuals as a group are net suppliers of funds for financial​ institutions? What do you th
Marysya12 [62]

<u>Answer:</u>

<em>Individuals, as a whole, spend less than they make. The excess is provided for financial institutions. </em>

<em></em>

<u>Explanation:</u>

In any market, the cost determines what providers get and what demanders pay. In money related markets, the individuals who supply monetary capital through sparing hope to get a pace of return, while the individuals who request budgetary capital by accepting assets hope to pay a speed of performance. This pace of recovery can arrive in an assortment of structures, contingent upon the kind of speculation.

Members in budgetary markets must choose when they want to devour merchandise: presently or later on. Financial experts call this essential intertemporal leadership since it includes choices crosswise over time.

4 0
4 years ago
Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbindin
tamaranim1 [39]

Answer:

A price ceiling is a bar on the legal maximum price a commodity can be sold for  while a price floor is the least legal price a commodity can go for.

The price ceiling is always greater than the price floor  in this case it is not so, hence the price floor is not binding to the price ceiling.

the statements below is analyzed under price ceiling and price floor according to whether it is binding or nonbinding.

Explanation:

1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.

Statement one is neither a price ceiling nor a price floor and it is nonbinding

2. The government has instituted a legal minimum price of $1.80 each for donuts.

Statement two is a price floor and it is binding.

3. The government prohibits donut shops from selling donuts for more than $1.10 each.

Statement three is a price ceiling and it is binding.

3 0
3 years ago
If a plant has an effective capacity of 6 comma 500 and an efficiency of 80​%, then its actual​ (planned) output​ = nothing unit
grin007 [14]

Answer:

5,200 units.

Explanation:

The actual capacity is the capacity planned while planning and building the plant. However, the plant is rarely able to operate at 100% capacity (usually due to safety measures) and it operates at an effective capacity, which should be considered when determining output. Given the effective capacity and the efficiency, the output (O) is:

O=C_E*E=6,500*0.8\\O=5,200\ units

The planned output is 5,200 units.

5 0
3 years ago
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