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zloy xaker [14]
3 years ago
12

Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. He expects the branch to attract

1,000 new customer accounts in the first year, each of which will cost $50 per year to service. He also expects to generate $100,000 per year in revenue. For Raymond, the total cost of opening the new branch and remaining open for one year will be:___________.
A. $550,000.
B. $650,000.
C. $450,000.
D. $500,000.
E. $605,000.
Business
1 answer:
Butoxors [25]3 years ago
5 0

Answer:

= $550,000.

Explanation:

Given that:

  • Fixed cost = $500,000
  • 1,000 new customer accounts in the first year
  • Cost $50 per year to service

As we know that :

the total cost of opening the new branch and remaining open for one year = fixed cost + variable cost

= $500,000 + (50*1000)

=  $500,000 + $50,000

= $550,000

Hope it will find you well.

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The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.

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Type the correct answer in the box. Spell all words correctly.
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  • <u>Brainstorming</u>

According to the given question, we are asked to state the  name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative  to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

Read more here:

brainly.com/question/20482811

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3 years ago
Determine the type of bias involved. A local businessman is proposing a new sports stadium in a metropolitan area. He puts up bi
Rus_ich [418]

Answer: This is called <u>Self-interest bias</u>.

Explanation:

When someone is using this type of bias they are doing it for their own self interest. They will use all information gathered to use the information that will benefit themselves and their interests. This can be considered unethical in some types of businesses. The person using self interest bias will try to blame others for any failures that they may have. They may also refuse to take personal responsibility in any situation.

These  are three other types of bias;

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3 0
4 years ago
White Company has two departments, Cutting and Finishing.
GaryK [48]

Answer:

Cutting = $10.99 per machine hour

Finishing= $15.28 per direct labour hours.

Explanation:

The question requests the predetermined overhead rate for Cutting department and Finishing department

Step 1: What is the formula for the pre-determined overhead rate

For the Cutting Department

Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Machine Hours +Variable Manufacturing Overhead rate per machine hour.

= $390,000/$43,400) + $2

= $10.99 per machine hour

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Predetermined Overhead rate= The total fixed manufacturing Overhead/ Total Labour Hours +Variable Manufacturing Overhead rate per machine hour.

= $496,000/43,000) + $3.75

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4 years ago
A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.
pogonyaev

Answer:

the percentage in which the price of the dozen eggs rise is 89.58% or 90%

Explanation:

The computation of the percentage in which the price of the dozen eggs rise is shown below;

Percentage Change in Dozens egg price is

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Hence, the percentage in which the price of the dozen eggs rise is 89.58% or 90%

8 0
3 years ago
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