Answer:
a. $29,496
b. $21,996
Explanation:
a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-
Sales units 2,640
(2400 × 110%)
Variable marketing expenses per unit sold $0.15
Total Variable marketing expenses $396
Fixed Marketing expenses $18,000
Salaries ($6,000 × 3)
Depreciation ($2,500 × 3) $7,500
Insurance ($1,200 × 3) $3,600
Total Fixed marketing expenses $29,100
Budgeted marketing expense
for the fourth quarter $29,496
b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation
= $29,496 - $$7500
= $21,996
Answer:
The sentence in this excerpt from Ambrose Bierce's "An Occurrence at Owl Creek Bridge" that uses personification is:
Death is a dignitary who when he comes announced is to be received with formal manifestations of respect, even by those most familiar with him.
Explanation:
Here, Ambrose Bierce or the narrator addresses death as a person. He makes death to become a dignitary, capable of visiting a person or community. Grammatically, personification is a literary device or a figure of speech in which human attributes or characteristics are ascribed to non-human things or objects as if they were human. It uses metaphor, another literary device, to achieve this attribution.
Answer: Minimum efficient scale is 8 units.
Explanation:
Given that,
Cost function: C(q) = 64 + 
Marginal cost function: MC = 2q
Average cost: AC = 
= 
= 
The minimum efficient scale is at a point where MC = AC
2q =
Therefore, minimum efficient scale is 8 units.
Answer:
buying puts
Explanation:
A put option is a sale option. It gives the buyer the right (but not the obligation) to sell an asset in the future to the seller of the option at a previously determined price.
The owner or buyer of a put option benefits from the option if the underlying asset falls, that is, if when the put option expires, the asset (a share for example) has a price lower than the agreed price . In that case, the option buyer will exercise his right and sell the asset at the agreed price and then buy it at the current market price, earning the difference.
If the price turns out to be higher than the agreed price, known as the strike or strike price, the buyer will not exercise his right and will simply have lost the premium he paid to acquire the option. Therefore, your benefit may be unlimited, but your loss is limited to the premium you paid.
Possession of an open container of alcohol receives a $500 fine and a jail confinement of six day
