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
julia-pushkina [17]
2 years ago
6

Simon Inc. currently produces 110,000 units at a cost of $440,000. The cost is variable. Next year Simon Inc. expects to produce

115,000 units. Simon's relevant range for production is 100,000 to 120,000 units. If 115,000 units are produced next year, what is the expected variable cost
Business
1 answer:
madam [21]2 years ago
6 0

Complete question:

Simon Inc. currently produces 110,000 units at a cost of $440,000. The cost is variable. Next year Simon Inc. expects to produce 115,000 units. Simon's relevant range for production is 100,000 to 120,000 units. If 115,000 units are produced next year, what is the expected variable cost?

A) $420,000

B) $430,000

C) $440,000

D) $460,000

Explanation:

Given ,

Simon Inc. currently produces 110,000 units at a cost of $440,000

Next year Simon Inc. expects to produce 115,000 units

Range for production is 100,000 to 120,000 units.

Now , we need to find out

If 115,000 units are produced next year, then the expected variable cost equation is ,

Variable cost per unit = \frac{Variable cost}{Unit}

                                    = $460,000

                                   

You might be interested in
The cost of capital of a company that uses 45 percent debt that has an after-tax cost of debt of 10 percent and 55 percent equit
zimovet [89]

Answer:

12.75 %

Explanation:

Cost of Capital is calculated on a Weighted Average basis. This is because there is a Pooling of Funds when it comes to financing projects. So Cost of Capital is the Return that is Required by providers of Long Term source of finance.

Cost of Capital = E/V × Ke + D/V × Kd

Where,

E/V = Market Weight of Equity

      = 0.55

Ke = Cost of Equity

    = 15%

D/E = Market Weight of Debt

      = 0.45

Kd = Cost of Debt

     = 10%

Therefore,

Cost of Capital = 0.55 × 15% +  0.45 × 10%

                         = 12.75 %

4 0
2 years ago
What is the principle of the law of supply?
seropon [69]

B. The higher the price, the larger the quantity produced.

6 0
3 years ago
Read 2 more answers
At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the
viktelen [127]

The amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

<h3>What is liability?</h3>

"At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the judgment during year 2. The remaining balance of the judgment includes $25,000 payable early in year 3 and $75,000 payable at the end of year 4. What amount should the government entity report as a liability for the judgment in its year2 governmental fund financial statements?

A) $500,000 B) $100,000 C) $75,000 D) $25,000

It should be noted that liability simply means the future sacrifices of economic benefit that an entity is obliged to make.

Here, the amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

Learn more about liability on:

brainly.com/question/25012970

#SPJ4

8 0
1 year ago
The concept of brainstorming as a function of group decision-making was initially developed to:
Lady bird [3.3K]
Think out of the box
3 0
3 years ago
A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun
aev [14]

A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

This is further explained below.

<h3>What is a financial statement?</h3>

Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.

Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.

In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.

Read more about financial statements

brainly.com/question/14951563

#SPJ1

6 0
1 year ago
Other questions:
  • When a company is using the direct​ write-off method, and an account is written​ off, the journal entry consists of a​ ________.
    8·1 answer
  • Look at the table supply of lemonade. if the price of lemonade is $1 per cup, the total quantity of lemonade supplied will be:
    8·1 answer
  • Assume that a major customer of the company that you are auditing files for bankruptcy during the subsequent period because of a
    9·1 answer
  • A company is concerned with traffic that flows through the network. There is a concern that there may be malware that exists tha
    9·1 answer
  • The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in produ
    10·2 answers
  • The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursSta
    7·1 answer
  • Why is it important to keep your own financial records?
    15·1 answer
  • Classify each statement about the Federal Reserve System as either true or false.
    15·1 answer
  • Explain the various segments of the NSE<br>​
    9·1 answer
  • he post-closing trial balance differs from the adjusted trial balance in that it does not a.include income statement accounts b.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!