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VladimirAG [237]
3 years ago
11

Kocher Steel typically achieves one of three production levels in any given year: 8 million pounds of steel, 10 million pounds o

f steel, or 16 million pounds of steel. In tracking some of its costs, Kocher Steel's controller discovered one cost that was $10 per pound no matter what the production level for the year. This is an example of a a. variable cost. b. fixed cost. c. semivariable cost. d. semifixed cost.
Business
1 answer:
AveGali [126]3 years ago
5 0

Answer:

Fixed cost

Explanation:

Variable costs are costs that change with change in the quantity of the goods or services produced by the business. For example the cost of raw materials.

Fixed costs are costs that do not change with change in the quantity of the goods or services produced by the business. For example interest payments.

In the given question, payment of $10 per pound has to be made no matter what the production level for the year, so this is an example of <u>fixed cost</u>

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The taxes imposed under the social security act consist of:
inysia [295]
Two taxes on employers, two taxes on employees, OASDI and HI taxes and taxes on the net earnings of the self-employed 
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2 years ago
Find the principal P that must be invested at rate r, compounded monthly, so that $1,000,000 will be available for retirement in
astraxan [27]

Answer:

$224,174

Explanation:

Note : I have uploaded the full question below :

The Principle P that is required can be calculated from the given data though discounting future cash flows as follows :

FV = $1,000,000

r = 7½%

t = 20 × 12 = 240

P/yr = 12

Pmt = $0

PV = ?

Using a Financial Calculator to input the values as shown above, the PV would be $224,174 . Thus, the principal P that must be invested must be $224,174.

6 0
2 years ago
Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected info
ddd [48]

Answer: Please refer to Explanation,

Explanation:

1. The Profitability Index is a ratio analysis instrument that measures the amount of payoff per Investment. It is calculated with the following simple formula,

= Net Present Value / Investment Required.

Project A

= 473,750/ 860,000

= 0.55

Project B

= 354,930/ 675,000

= 0.53

Project C

= 170,895 / 560,000

= 0.31

Project D

= 169,190 / 760,000

= 0.22

2. - According to Net Present Value

a. Project A

b. Project B

c. Project C

d. Project D

- According to Project Profitability Index

a. Project A

b. Project B

c. Project C

d. Project D

- According to Internal Rate of Return

a. Project A

b. Project D

c. Project B

d. Project C.

4 0
2 years ago
If the labor supply curve is very elastic, a tax on laborA. raises enough tax revenue to offset the loss in welfare.B. has a lar
Burka [1]

Answer: .B. has a large dead weight loss

Explanation:

 The labor market basically has two forces pulling against each other, we have firms who demand labor and we have workers who are Suppliers of labor. Firms will want to hire more labor at a lower wage price while more workers will want to work when the wage price is higher as the law of supply stipulates  

The law of supply states that more is supplied at a higher price, now using the same law on the supply of labor we conclude that more labor will be supplied at a higher Wage which represents Price. A Labor Market is equilibrium when Quantity Demanded Equals Quantity Supplied. Elasticity measures the sensitivity of Demand or Supply to Price Changes. The amount of Change in the Quantity supplied or demanded depends on how elastic the demand or supply is to wage Price changes

When Supply Curve is highly elastic means a small change in wage price will have a huge impact on the Total amount Labor supplied. When government imposes Tax on labor, The Wage price will decrease and workers will now earn a wage net of tax,

The Supply curve is highly elastic meaning a small decrease in wages caused by a tax imposed on labor  will only lead to a huge decrease in the quantity of labor supplied because more people will choose not work. The tax imposed on labor creates a huge dead weight loss in the labor market because the market is no longer in equilibrium. The Quantity of labor supplied is far less than the quantity of labor demanded.

6 0
3 years ago
Raymond is completing a study on discrimination in which he has noted that saleswomen who wear skirt suits make more sales than
Anit [1.1K]

Answer:

contingency

Explanation:

Based on the information provided within the question it seems that Raymond is using contingency variables to more accurately explain his results. These are variables that depend on a certain factor which can affect the results of an experiment either in a positive or negative fashion. Which in this scenario this would be whether or not the purchasing decision maker is male (masculine) or not.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
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