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3 years ago

Which of the following is an example of a variable cost?

Business

2 answers:

kifflom [539]3 years ago

8 0

Answer:

Utilities

Explanation:

Variable costs are expenses that vary proportionately with the changes in production level. Should production level rise, variable costs increases. Variable costs form the majority of the direct cost of production.

Unlike fixed costs, the monthly bill for variable costs will keep fluctuating. In this scenario, utilities represent the variable cost. Expenses on electricity, water and other consumables will vary from time to time. With a high level of production, consumption of power and water will be high.

Rent and insurance cost will remain the same regardless of production level. A professional fee is an overhead expense. It is not an input in the production process.

lukranit [14]3 years ago

5 0

Answer:

Yes. Utilities

Explanation:

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Suppose that a year of college has the following explicit costs: $17000 in tuition, $1000 in books and supplies, and $1500 for a

grandymaker [24]

Answer:

A rational person would attend one year of college if the additional income and the improved quality of life were worth more than the cost of attending college for the year or more than $19,500

Explanation:

The given parameters are;

The tuition cost for a year of college = $17,000

The cost of books and supplies = $1,000

The cost for a computer = $1,500

The amount of forgone salary = $35,000

Therefore, the total cost for a year of college = $17,000 + $1,000 + $1,500 + $35,000 = $54,500

However, the amount by which a year in college exceeds the previous income = The cost of going to college $17,000 + $1,000 + $1,500 = $19,500

Therefore, a rational person would attend one year of college if the additional or extra income above the previous income and the improved quality of life were worth more than the cost of going to college for one year which is $19,500.

5 0

3 years ago

Budgeting, analysis of investment proposals, and provision of funds are activities associated with the _______ function.

ElenaW [278]

Budgeting, analysis of investment proposals, and provision of funds are activities associated with the finance function.

The activity of controlling and planning financial resources is known as financial function. It is a part of business in which obtaining and using the money required for effective operations is required.

Below are the objectives of finance functions.

Investment decisions- It include employing revenues received from the sale of assets that become less profitable and productive in addition to allocating resources to long-term assets.
Financial decision - Many different methods and routes can be used to obtain funds. In general, a proper ratio of equity to debt must be maintained. A company’s capital structure is defined as its ratio of equity to debt.
Dividend decision - A financial manager's primary responsibility in a profitable situation is to choose whether to distribute all earnings to shareholders or keep all profits for themselves. This all comes under dividend decision.
Liquidity decision - It's crucial to put enough money into current assets in order to maintain the trade-off between profitability and liquidity.

To learn more about finance function, refer this link

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2 years ago

Twenty years ago, Balzania put in place regulations requiring operators of surface mines to pay for the reclamation of mined-out

miv72 [106K]

Answer:

A. Even after Balzania began requiring surface mine operators to pay reclamation costs, coal mines in Balzania continued to be less expensive to operate than coal mines in almost any other country.

Explanation:

What is true about the information provided in the scenario in relation to accounting for the drop in reclamation costs described is that: Even after Balzania began requiring surface mine operators to pay reclamation costs, coal mines in Balzania continued to be less expensive to operate than coal mines in almost any other country.

It was stated in the scenario that, ''Twenty years ago, Balzania put in place regulations requiring operators of surface mines to pay for the reclamation of mined-out land, <u>Yet, the average reclamation cost for a surface coal mine being reclaimed today is only four dollars per ton of coal that the mine produced, less than half what it cost to reclaim surface mines in the years immediately after the regulations took effect''</u>

<u>Hence, the cost in Balzania is lower than the costs elsewhere which implies that the products will be heaper in Balzania due to lower operating costs</u>

4 0

3 years ago

Read 2 more answers

The HIM director hired an HIM data integrity analyst. This is a new position with a newly created job description. The director

RideAnS [48]

Answer:

Work sampling.

Explanation:

Work sampling is the measurable strategy for deciding the extent of time spent by workers in different characterized classifications of activity.

6 0

3 years ago

In the Romer model, the inputs to production are:

frosja888 [35]

Answer:

c. labor and ideas.

Explanation:

The Romer model is a type of economical model that breaks down the world into objects and ideas such as capital, labor

In the Romer model, the inputs to production are labor and ideas.

6 0

3 years ago