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4 years ago

What is true if you only pay your minmium amount each towards your credit card bill

1 answer:

8 0

Paying the minimum amount on credit cards means the balance on the account will be higher. A higher balance on the credit card will mean more interest is paid often over a longer period of time

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The relative location problem deals with the problem of allocating n departments to n locations. Complete enumeration is time-co

Alekssandra [29.7K]

Answer:

TRUE

Explanation:

The topic of relative position deals with the issue of allocating n units to n sites. Comprehensive aggregation takes time because there is a total of n! The method for increasing the flow gap in a network structure by organizing the relative position of divisions is called the series analysis of the processes.

Therefore, the above statement is true.

6 0

3 years ago

jonna is considering using a refund anticipation loan to have money for a deposit on a caribbean vacation what are two alternati

Pani-rosa [81]

Well i would say use a conventional loan but that is only for short term loans

4 0

4 years ago

Ahrends Corporation makes 70,000 units per year of a part it uses in the products it manufactures. The unit product cost of this

Kazeer [188]

Answer:

$147,000

Explanation:

The computation of the financial advantage (disadvantage) of purchasing the part rather than making it is shown below;

<u>Particulars Make Buy </u>

Direct material $1,246,000 (70,000 × $17.80)

Direct labour $1,330,000 (70,000 × $17.80)

Variable manufacturing

overhead $70,000 (70,000 × $1)

Fixed manufacturing

overhead $623,000 (70,000 × ($17.10 - $8.20))

Purchase cost $3,395,000 (70,000 × $48.50)

Opportunity cost $273,000

Total cost $3,542,000 $3,395,000

So, the Advantage is

= ($3,542,000 - $3,395,000)

= $147,000

7 0

3 years ago

In the absence of any government regulation on price, if a firm has no power to set price onits own, one can safely conclude

EleoNora [17]

Answer:

B) there are many firms in the industry.

Explanation:

Firms that have no power to set price on its own are known as price takers.

An example of firms that are price takers are perfect competition.

In a perfect competition, there are many buyers and sellers of homogenous goods. Prices are set by the forces of demand and supply.

Because there are many sellers of homogenous goods, sellers cannot influence the price of their product. If they increase the price of their product, the quantity demanded would fall to zero.

I hope my answer helps you.

6 0

3 years ago

Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand

defon

Answer:

Explanation:

Fixed costs - will remain similar no matter of output amount

Variable costs - vary with the change in output

Average cost=(Fixed cost(FC) + Variable cost(VC))/number of units produced

VC = VC per cup of coffee served *cup of coffee served in a week

Total Cost(TC)= FC+VC

Average cost=TC/Cup of coffee served in a week

1. Let's calculate for 2000 cups of coffee:

FC remain the same! = $1200

VC=0.22*2000= $440

TC=FC+VC= 1200+440= $1640

Average cost of 1 cup of coffee= TC/#of cups=1640/2000=$0.82

2. Calculation for 2100 cups:

FC=1200

VC=0.22*2100=462

TC=1200+462=1662

Av cost=1662/2100=0.79

3. Calculation for 2200 cups:

FC=1200

VC=0.22*2200=484

TC=1200+484=1684

Av cost=1684/2200=0.77

As the number of cups increased from 2000 to 2100, the average cost per cup devreased 0.82 to 0.79. Then when number of cups increased to 2200, average cost decreased to 0.77. The reduction is due to the variable cost

4 0

3 years ago