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Crank
3 years ago
7

Pacific Company sells only one product for $ 12 per​ unit, variable production costs are $ 3 per​ unit, and selling and administ

rative costs are $ 1.50 per unit. Fixed costs for 11 comma 000 units are $ 6 comma 000. The operating income is​ ________ when 11 comma 000 units are sold.
Business
2 answers:
AveGali [126]3 years ago
4 0

Answer: The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

Explanation:

Selling price = $12 / unit

Variable cost of production = $3 / unit

Selling and Admin cost = $1.5 / unit

Fixed cost for 11 comma 000 units are $ 6 comma 000.

For 11 comma 000 units,

Sales  = 12 x 11000 = $132000

cost of production = 3 x 11000 = $33000

Selling and Admin cost = 1.5 x 11000 =$16500

Fixed cost = $6000

Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost

Operating income = 132000 - 33000 - 16500 - 6000 = $76,500

The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

Readme [11.4K]3 years ago
4 0

Answer:

$76500

Explanation:

selling income per unit = $12

variable production cost per unit = $3

selling and admin cost per unit = $1.5

fixed cost = $6000

total units produced = 11000

To calculate the operating income

Total selling income = $12 * 11000 = $132000

Total variable cost = $3 * 11000 = $33000

total selling and admin cost = $1.5 * 11000 = $16500

fixed cost = $6000

= (Total selling income ) - (total variable production cost - total selling and admin cost - fixed cost )

= 132000 - 33000 - 16500 - 6000 = $76500

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7 0
3 years ago
The Federal Reserve conducts a $15 million open-market purchase of government bonds. If the required reserve ratio is 20 percent
Soloha48 [4]

Answer:

$200 million

$30 million

Explanation:

When the requiredreserce ratio is 15 percent or 0.15 , then the money multiplier is (1 / required reserve ratio) or (1/0.15 = 0.67)

Now, change in money supply = money multiplier * open market purchase of government bonds.

Here , the Federal Reserve a $30 million open market purchase Of govemment bonds.

As a result of this;

Money Supply increases by (6.7 * $30 million) = $200 million.

This is the maximum amount the money supply could Increase.

Now, if the bank holds. $30 million as excess reserves, then money supply could increase by as much as $30 million. This is the smallest amount themoney supply could increase.

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8 0
3 years ago
Sunland Company compiled the following financial information as of December 31, 2017: Service revenue $842000 Common stock 17700
posledela

Answer:

555,000

Explanation:

Sunlad assets on December 31 2017 can be calculated as follows

= equipment + cash + supplies + account receivables

= 229,000 + 203,000 + 33,000+ 90,000

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7 0
3 years ago
Read 2 more answers
Garcia Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. Cash proceeds exceed
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Answer:

Discount on bond payable

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5 0
3 years ago
Use the following corporate bond quote information to answer the questions that follow. Since this is a corporate bond,
Lynna [10]

Answer:

Check the explanation

Explanation:

Bond             Cur.Yld.      Vol.   Close      Net Chg.  

Doh! 9 ½ 18     9.0          5      105 1/2      - 1/4  

Doh! 8 ½ 21     9.4        10      90 1/4        -1/2  

 

 

1.  As given in question:  

Closing Price of the first bond:    =105.5*10  

 =1055  

 

Closing Price of the second bond:  =90.25*10  

 =902.5

2.  Yesterday's price for first bond:  =(105.5+0.25)*10

 =1057.5  

 

Yesterday's price for second bond:  =(90.25+0.5)*10

 =907.5

3.  kindly check the attached image below to see the solution to question 3

4.  Capital Gain Yield for first bond  =(P1-P0)/P0

 =(1055-1057.5)/1057.5

 =-0.236%

7 0
3 years ago
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