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sesenic [268]
3 years ago
10

Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up to 12 million cans of paint

per year. Current annual production is 10 million cans. Fixed manufacturing, selling, and administrative costs total $15 million per year. The variable cost of making and selling each can of paint is $6.00. Stockholders expect a 15% annual return on the company's $40 million of assets
Required:
What is Jamison's current total cost of making and selling 10 million cans of paint? What is the current cost per can of paint?
Business
1 answer:
Olin [163]3 years ago
3 0

Answer:

Jamison's current total cost of making and selling 10 million cans of paint is $75,000,000 and the current cost per can of paint is $7.5

Explanation:

For computing the current total cost, we need to apply the formula which is shown below:

Total cost = Fixed cost + variable cost

where,

Fixed cost = $15,000,000

And, the variable cost = Annual production × variable cost per plant

                                     = 10,000,000 × $6

                                     = $60,000,000

Now put these values to the above formula  

So, the value would equal to

= $15,000,000 + $60,000,000

= $75,000,000

Now the current cost per can of paint would be

= (Total cost) ÷ (Annual production)

= ($75,000,000) ÷ (10,000,000)

= $7.5 per can of paint

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Gnesinka [82]

Answer: (E) Union shop

Explanation:

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The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.

According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

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3 years ago
A company pays a constant 6.5 dividend on stock. The dividend will maintain for the next 12 years and cease forever. The require
zalisa [80]

Answer:

$46.31

Explanation:

Calculation to determine the current share price

Using this formula

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Current share price=6.5*7.124793

Current share price=$46.31

Therefore the current share price will be $46.31

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QPD Corporation discovered financial information about its prime competitor which it used to its advantage. QPD did not obtain t
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Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

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A cooperate business is a business that is owned and manage by group of individuals.

The members also use the product as well as the service.

Coporation gives members access to information which can be divulged to competitors by members.

Therefore, Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

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When a firm's customers make investments in order to use its particular product or service, the customers incur which type of co
vladimir1956 [14]

When a firm's customers make investments in order to use its particular product or service, the customers incur switching costs if they purchase another firm's products or services instead. Therefore, the option B holds true.

<h3>What is the significance of switching costs?</h3>

The switching costs can be referred to or considered as the costs incurred by the customers of a product or a service when they use the alternatives or the competitive products available in the market, instead of the product they were using earlier.

Therefore, the option B holds true and states regarding the significance of the switching costs.

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When a firm's customers make investments in order to use its particular product or service, the customers incur which type of costs if they purchase another firm's products or services instead?

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