1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NikAS [45]
3 years ago
11

Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's

variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,140 14,747 April 2,662 9,893 May 2,877 12,352 June 3,565 18,240
Business
1 answer:
andre [41]3 years ago
5 0

Answer:

The correct answer is $0.11.

Explanation:

According to the scenario, the computation for the given data are as follows:

According to the high-low method, we first check for the high point and low point of the cost

So,                

High point =     cost 3,565     machine hours 18,240

Low point =       cost  2,662    machine hours  9,893

So, we can calculate variable utilities cost per machine hour by using following method

Variable utilities cost per machine hour = Difference in cost ÷ Difference in machine hours

= ( 3,565 - 2,662) ÷ ( 18,240 - 9,893)

= 903 ÷ 8347

= $0.11

Hence, the variable utilities cost per machine hour is $0.11.

You might be interested in
When the required return is equal to the coupon rate, the bond value is▼equal togreater thanless thanthe par value. In contrast
-BARSIC- [3]

1) Answer: When the required return is equal to the coupon rate, the bond value is equal to the par value,

2) if the required return is less than the coupon rate the bond will sell at a premium.

Explanation:

1) The reason for this that the required return is the market or investors required rate of return for a particular bond, when the required rate and coupon rate are equal it means that the investor is getting the return he wants in coupon payments, therefore the investor will be willing to buy the bond on par value, as he is getting his required return in the form of coupon payments.

2) When the required return is less than the coupon rate the investor is getting more in coupons than he required from the bond so the bonds price will be higher than par so that the return from the coupons become equal to the required rate of return. Thats why when a bonds required return is less than the coupon it sells on a premium.

3 0
3 years ago
Concept check 1. 54/32 converted to a mixed number is ________. 22/32 1.6875 1/38 1 22/32 2. The product of one and four thirty-
Ipatiy [6.2K]

Questions

Concept check

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32 d)720

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 20/1024 3 1/3 3 40/32

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Answer:

1.d)1 22/32

2. b)45/64

3. c)3 1/3

4. a)98.19

5. b)5%

Explanation:

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

Mixed number is another way of writing improper fraction

54/32= 1 (54 - 32)/32

= 1 22/32

Therefore, option d) 1 22/32 is the correct option

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32

d)720

One and four thirty-seconds = 1 4/32

Twenty thirty-seconds = 20/32

= 1 4/32 × 20/32

= 36/32 × 20/32

= 9/8 × 5/8

= 45/64

Therefore, option b)45/64 is the correct option

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 b)20/1024 c)3 1/3 d)3 40/32

One and eight thirty-seconds = 1 8/32

Twelve thirty-seconds = 12/32

= 1 8/32 ÷ 12/32

= 40/32 ÷ 12/32

= 40/32 × 32/12

= 40/12

= 3 4/12

= 3 1/3

Therefore, option c) 3 1/3 is the correct option

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

98 and 6/32 = 98 + 6/32

We convert 6/32 to decimal

= 98 + 0.1875

= 98.1875

≈ 98.19

Therefore, Option a is the correct option

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Percentage increase = Increase/ Orginal amount × 100

Increase = 55 points

Original amount = 1,100

Percentage Increase = 55/1100 × 100

= 0.05 × 100

= 5%

Therefore, option b)5% is the correct option

8 0
3 years ago
Melanie invests $4,000 into an account offering 4% interest compounded annually. Gina invests $4,000 into a simple interest savi
denpristay [2]

Answer:

$4,900 (From simple interest method)

Explanation:

Given:

Amount invested (p) = $4,000

Interest rate for simple interest (r) = 4.5% = 4.5/100 = 0.045

Interest rate for Compound interest (i) = 4%

Number of year (t) = 5

Computation of amount from simple interest method:

Amount = p(1+rt)

Amount = $4,000[1+(0.045 × 5)]

Amount = $4,000[1+0.225]

Amount = $4,000[1.225]

Amount (from simple interest method) = $4,900

Computation of amount from compound interest method:

Amount = p(1+i)^t\\\\Amount = 4,000(1+0.04)^5\\\\Amount = 4,000(1.04)^5\\\\Amount = 4,000(1.2166529)\\\\Amount = 4,866.616\\\\

Therefore, Amount from simple interest method is higher .

3 0
3 years ago
Furniture purchased from Kailash for Rs. 6,000.​
Sav [38]

Answer:

What's the question or is this a statement?

Explanation:

?

7 0
2 years ago
Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will
maksim [4K]

Answer:

c) $767,464.54

Explanation:

The computation of the future value of an annuity is shown below:

As we know that

Future value of annuity F =  Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest

= $3,400 × (1.092^35 - 1) ÷ 0.092

= $3,400 × 225.7249

= $767,464.54

Hence, the future value of an annuity is $767,464.54

Therefore the correct option is c.

3 0
3 years ago
Other questions:
  • Sherrod, Inc., reported a pretax accounting income of $76 million for 2011. The following information relates to differences bet
    5·1 answer
  • Jada, a PR executive, likes to meet clients in her office, where her diplomas and awards are prominently displayed. This encoura
    15·1 answer
  • The management staff at Doc's Motorcycles believes the company has a social responsibility to its community. They believe that t
    14·1 answer
  • Employee theft and fraud is a costly problem for organizations, estimated to be approximately ________ per worker per year.
    8·1 answer
  • Which of the following statements is TRUE of payback​ period? A. If the payback period is greater than the maximum acceptable pa
    15·1 answer
  • Gary owns shares in a company called Archibald Industries Inc. The company's financial performance has been declining over the p
    5·2 answers
  • Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2021, and charged the $4,200 premium t
    15·1 answer
  • If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was
    6·1 answer
  • I have never.....in a bar before a . working b.work c. worked d .works e been works​
    11·2 answers
  • Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!