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Wewaii [24]
3 years ago
10

Mark and julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, mark can make 40

brownies or 20 cookies, and julie can make 15 brownies or 15 cookies. With specialization, how many brownies and cookies will be made in one day for the bake sale?
Business
1 answer:
professor190 [17]3 years ago
6 0

Answer: 40 brownies and 15 cookies

Explanation:

Mark can make 40 brownies or 20 cookies

Opportunity cost of brownie for Mark = \frac{20}{40} = 0.5

Julie can make 15 brownies or 15 cookies.

Opportunity cost of brownie for Julie = \frac{15}{15} = 1

So, Mark has a comparative advantage in making brownies. So, mark will produce a total of 40 brownies and Julie will make a total of 15 cookies.

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Answer:

Firm's overhead/Overhead Under Applied=$3,000

Explanation:

First calculate predetermined overhead:

Predetermined overhead= Estimated Overhead / Estimated labor hour

Predetermined overhead=\frac{\$160,000}{20,000}

Predetermined overhead=$8 per labor hour

Overhead Applied=Predetermined overhead * actual direct professional labor hours..

Overhead Applied=$8 per labor hour*19,500

Overhead Applied=$156,000

Since Overhead Applied is less than actual overhead, so difference is under applied.

Overhead Under Applied=Actual overhead costs-Overhead Applied

Overhead Under Applied=$159,000-$156,000

Firm's overhead/Overhead Under Applied=$3,000

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King Noodles' bonds have a 7.5% coupon rate. Interest is paid quarterly and the bonds mature in 8 years. If the discount rate is
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The price of King Noodles' bonds is $970.66

Explanation:

Coupon payment = 1000 x 7.5% = $75 per year = 75/4 = 18.75 per quarter

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Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:

Price of the Bond = $18.75 x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond =$18.75 x [ ( 1 - ( 1 + 2% )^-32 ) / 2% ] + [ $1,000 / ( 1 + 2% )^32 ]

Price of the Bond = $18.75 x [ ( 1 - ( 1.02 )^-32 ) / 0.02 ] + [ $1,000 / ( 1.02 )^32 ]

Price of the Bond = $440.03 + $530.63

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