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Colt1911 [192]
3 years ago
9

Tamara's Truck Rental rents small "box" trucks to college students to move items from their parent's home to a campus apartment.

The Rent Expense for a 12-foot-long box truck, where Tamara's Trucks charges a flat fee of $150 per rental plus $0.79 per mile driven, is a for the person renting the truck. Fixed cost Variable cost Mixed cost Stepwise linear cost
Business
1 answer:
Ann [662]3 years ago
7 0

Answer:

Flat fee= fixed costs

Variable cost= rental plus

Explanation:

Giving the following information:

The Rent Expense for a 12-foot-long box truck, where Tamara's Trucks charges a flat fee of $150 per rental plus $0.79 per mile driven.

We need to determine what kind of costs are.

We know that fixed costs do not change with production variation. In this case, fixed costs don't change with milage. Therefore, the flat fee is a fixed cost.

Variable costs increase or decrease with variation in production. The total cost of rental plus varies with the number of miles. The rental plus is a variable cost.

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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?​
NeX [460]

Answer:

$50

Explanation:

25% = 1/4

200 / 4 = 50

50*3=150, which is 25% off.

8 0
3 years ago
A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele
kifflom [539]

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

Opportunity cost  = \frac{Units of Steel lost}{Units of Television gained}

Thus,

Opportunity cost of television for Japan = \frac{6}{3}  = 2

Opportunity cost of television for Korea = \frac{8}{2}  = 4

7 0
3 years ago
____________the market school aruges that forward exchange rates do the best possible job for forecasting future spot exchange r
rjkz [21]

Answer:

Efficient market school.

Explanation:

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

<em>Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market. </em>

8 0
3 years ago
Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the
kow [346]

Answer:

$1200

Explanation:

Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.

The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services

Arthur = 100 = 100

Bob = 300 - 100 = 200

Camille = 700 -300 = 400

Donita = 1200 - 700 = 500

Total Value 100 +200 +400 +500 = $1200.

You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods

8 0
4 years ago
A process that performs at a 6 sigma level: a. is considered statistically 'perfect' b. has 3.4 defects per million opportunitie
xz_007 [3.2K]

Answer:

d. all of the above

Explanation:

Six sigma as a 99.9997% rate of perfections which amounts to 3.4 error per million transaction.

Six sigma is an effective methodology that helps to reduce cost and decrease cycle time.

It is a methodology that increases productivity and efficiency in process, it also reduces the amount of defects and helps to eliminate it.

6 0
3 years ago
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