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In-s [12.5K]
3 years ago
9

The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1,600 boxes to maximize its profits. What is t

he profit per box of crawfish at this equilibrium level of output if the average variable cost is $1 per box and total fixed costs are $1,200?
Business
1 answer:
erik [133]3 years ago
7 0

Answer:

Profit per box of crawfish $0.25

Explanation:

To calculate the Total profit, we can solve the expression;

Total profit=Total selling price-Total purchase price

where;

Total purchase price=(Variable cost per box×number of boxes purchased)+Total fixed costs

Total purchase price=(1×1600)+1,200=$2,800

Total selling price=Selling price per box×number of boxes

Total selling price=(2×1600)=$3,200

replacing in the expression;

Total profit=Total selling price-Total purchase price

Total profit=($3,200-$2,800)=$400

Total profit=$400

To calculate the profit per box;

Total profit=profit per box(p)×number of boxes sold

400=p××1600

p=400/1600=0.25

Profit per box=p=$0.25 per box

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RUDIKE [14]

Answer:

Year 1 32.68 days

Year 2 46.66 days

Explanation:

Barga Co.'s

Days' sales uncollected on December 31 for year 1 will be :

Using this formula

Accounts Receivable/Net Sales x365 = Days' sales uncollected

$61,000 /$661,000× 365

= 32.68 days

Days' sales uncollected on December 31 for

year 2 will be :

$95,000/$743,000× 365

= 46.6days

4 0
3 years ago
Monette has posted over 100 book reviews on discussion forums. she also frequently reviews products and services and posts her r
IgorC [24]
The answer to this question is the term critic. Monette is considered a critic because she posted reviews on restaurants, etc and put it in her web blogs. A critic post comments, reviews, and even ratings on services and products through social media.
8 0
3 years ago
What does consumer vigilance mean
Dafna11 [192]
I believe it means you have the right to be informed
7 0
3 years ago
Read 2 more answers
Classify​ Lawlor's costs as period costs or product costs. If the costs are product​ costs, further classify as direct​ material
svet-max [94.6K]

product cost ( direct materials,direct labour and manufacturing overheads).

It is a combination of products cost materialize cost on assets and period cost materialist on difference income and expenses in time.please find the attachment on the differences.

Explanation:

  • Product cost idealizes on inventory, assets to the companies.
  • It has segregation direct materials product sales.
  • It has segregation direct labour cost maintaing products.
  • It has segregation of manufacturing issues with machine for products.
  • Period cost is an event which happens at certain point of time.
  • It administrative,commission and significant understanding.
  • Delivers different set of cost accounting.
  • It raises issues and exponential cost incurred.

6 0
3 years ago
A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. I
Valentin [98]

Answer:

A. $21,200,000

B. $20,800,000

Explanation:

A. Calculation to determine The instant before it pays out current profits as dividends

Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.06)]÷0.02

Value of the firm= $424,000 ÷ 0.02

Value of the firm= $21,200,000

Therefore The instant before it pays out current profits as dividends will be $21,200,000

B. Calculation to determine The instant after it pays out current profits as dividends

Using this formula

Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)

Let plug in the formula

Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)

Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)

Value of the firm= $416,000 ÷ 0.02

Value of the firm= $20,800,000

Therefore The instant after it pays out current profits as dividends will be $20,800,000

3 0
3 years ago
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