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meriva
3 years ago
12

The total cost of producing 15 tons of butter is $35000. If average variable cost is $530, then what is the firm's average fixed

cost? (enter answer as just a number, no commas, dollar signs, or the like)
Business
1 answer:
saw5 [17]3 years ago
5 0

Answer:

$1803.33

Explanation:

average total cost = average variable cost + average fixed cost

average total cost = total cost / quantity = $35000  / 15 = $2,333.33

average fixed cost = $2,333.33 -  $530 = $1803.33

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The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in thou
vovikov84 [41]

Answer:

Cash flow from operating activities $141.8

Explanation:

Cash received from customers during the reporting period

A.Sales $ 545.0+ 22.0 Decrease in accounts receivable = $567

B.

Cash paid to suppliers of the goods

Cost of goods sold 218.0 +Increase in inventory 93.0 +Decrease in accounts payable 56.0 =$367

C.

Cash paid to employees

Salaries expense $ 65.0 -Increase in salaries payable 37.0 = $28

D.

Cash paid for insurance

Insurance expense 42.0 -Decrease in prepaid insurance 17.0 =$25

E.

Cash paid for income tax

Income tax expenses 91.0 -Increase in income tax payable 85.8 =$5.2

(2)

Cash received from customers during the reporting period $567

Cash paid to suppliers of the goods ($367)

Cash paid to employees($28)

Cash paid for insurance ($25)

Cash paid for income tax ($5.2)

Cash flow from operating activities $141.8

6 0
3 years ago
Karyn, a high school teacher, is considering remodeling her home and is looking for a loan with the lowest interest rate. Which
Alla [95]
C. Educators credit union is the answer
5 0
3 years ago
Read 2 more answers
On May 1. Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders us
julsineya [31]

Answer:

  • Dr Merchandise Inventory 5,800
  • Cr Accounts Payable 5,800

Explanation:

The only records that Anders Company should make on May 1 regarding the purchase of the merchandise form Shilling is:

Debit record Merchandise Inventory 5,800 (since merchandise inventory is an asset account, when it increases it should be debited)

Credit record Accounts Payable 5,800 (since accounts payable is an liability account, when it increases it should be credited)

3 0
2 years ago
Contractionary monetary policy entails _____ the money supply, _____ interest rates, and _____ aggregate demand.Question 10 opti
ss7ja [257]

Contractionary monetary policy entails increasing the money supply, increasinginterest rates, and decreasing aggregate demand.

<h3>What is contractionary monetary policy?</h3>

A contractionary monetary policy serves as a type of monetary policy which do bring about reduction in the the rate of monetary expansion to fight inflation.

Therefore, Contractionary monetary policy entails increasing the money supply.

learn more about contractionary monetary policy at:

brainly.com/question/13926715

#SPJ1

8 0
1 year ago
Output from a process contains 0.02 defective units. Defective units that go undetected into final assemblies cost $25 each to r
Nastasia [14]

Answer: Inspection station should be established.

Explanation:

Cost to company if defect is not detected:

= Cost to replace * percentage defects * number of units tested per hour

= 25 * 0.02 * 20 units

= $10 per hour

Inspector is paid $8 per hour.

The fees to the inspector are less than the cost of replacement so the Inspection station should be established as it saves costs.

6 0
3 years ago
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