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Elan Coil [88]
3 years ago
14

Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.62 per mile driven. Joyce has determined that if

she drives 2,900 miles in a month, her total operating cost is $950. If she drives 4,000 miles in a month, her total operating cost is $1,192. Required:1. Using the high-low method, determine Joyce’s variable and fixed operating cost components.
Business
1 answer:
Damm [24]3 years ago
4 0

Answer:

Variable cost per mile = 0.22 per mile

Total fixed cost = $312

Explanation:

If she drives 2,900 miles then,

Total operating cost = $950

If she drives 4,000 miles then,

Total operating cost = $1,192

Using high low method,

variable cost per mile:

=\frac{(1,192-950)}{(4,000-2,900)}

=\frac{242}{1,100}

= 0.22 per mile

Hence,

Total fixed cost = 1,192 - (4,000 × 0.22)

                          = 1,192 - 880

                          = $312

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Explanation:

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3 years ago
After 160 customer reviews for the hotel, 65% were Excellent
Aneli [31]

Answer: 104 reviews

Explanation:

Number of customers reviews = 160

Percentage of customer reviews that were excellent= 65%

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Number of customer reviews that were excellent will be:

= 65% × 160

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104 reviews were excellent.

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2 years ago
When an economy is temporarily operating at an output that is beyond its full-employment rate it means that
MrMuchimi

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

3 0
3 years ago
Portia is a vegetarian and chooses not to eat meat based on moral and ethical rationales. Her employer is hosting a barbeque eve
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Answer:

D. freedom of conscience (limited)

Explanation:

Freedom of conscience consists is having the right to form one's own ethical and moral views, independent of other's beliefs, and also having the right to act in a way that is coherent with those ethical and moral views.

Even if Portia is an employee, and is legally bound to her employer in many ways, she is not obliged to do something that goes against her ethical and moral rationales, whether at the workplace, or a event outside of the office like the barbeque. As a vegetarian, she has the right to be excused from the party, and exercise in that way, her freedom of conscience.

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Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.

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