Answer:
a.
VC/unit = $3 per unit
Fixed Cost = $800
b.
Total Cost = $25400
Explanation:
a.
The high-low method is used to separate the components of a mixed cost and it calculates the variable cost component in a mixed cost. The formula to calculate the variable cost per unit under the high-low method is as follows,
VC/unit = [Highest Activity cost - Lowest Activity Cost] / [Highest Activity units - Lowest Activity units]
VC/unit = [22400 - 6500] / [7200 - 1900]
VC/unit = $3 per unit
Using figures from March, The total fixed costs will be,
Fixed cost = 6500 - [3 * 1900]
Fixed Cost = $800
b.
Total cost in a month with 8200 units will be,
Total Cost = Total Fixed cost + Total variable costs
Total Cost = 800 + (3 * 8200)
Total Cost = $25400
The answer is Guido D'Arezzo. He was the creator of the modern staff, he had used yellow and red lines to indicate pitches in the staff. In the modern era, these yellow and red lines were removed but still followed D'Arezzo's modern musical staff. Aside from the musical notation, D'Arezzo is also known for his text called "Micrologus"
Answer:
a. Aggregate demand will shift to the left and unemployment rate will rise
Explanation:
Aggregate demand (AD) is the sum of consumer spending, government spending, investment, and net exports. The AD curve assumes that money supply is fixed. Increased money supply causes reduction in interest rates and further spending and therefore an increase in AD. <u>On the other hand, decreased money supply causes increase in interest rates and therefore a decrease in Aggregate Demand</u>
<u>Since the FED is buying Bonds it is reducing money supply and hence aggregate demand will fall causing the curve to shift to the left.</u>
Secondly inflation and unemployment has an inverse relationship. More money in the economy is inflation and unemployment level will be low because there will be an increase in wages <u>BUT when the FED reduces money supply by buying bonds, as a means of countering inflation, then unemployment will rise.</u>
Answer:
In summary, that first business transaction involved the exchange of goods and/or services between buyers and sellers. Initially it probably took place in the context of kin altruism and later expanded to reciprocal altruism.
Explanation:
Based on the information given the profit per item is $2.90.
First step is to calculate the company profit
Profit=(100%-2%)×$5
Profit=98%×$5
Profit=$4.9
Second step is to calculate the profit per item
Profit per item=$4.9-($100×2%)
Profit per item=$4.9-$2
Profit per item=$2.90
Inconclusion the profit per item is $2.90.
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