We would expect the total utility of diamonds to be __________ than the total utility of water and the marginal utility of diamo
1 answer:
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Answer:
Gross margin = $166,500
so correct option is C. $166,500
Explanation:
given data
Planned and actual production = 40,000 units
Sales = 37,000 units @ $15 per unit
Production costs
Variable = $4 per unit
Fixed = $260,000
Selling and administrative costs
Variable = $1 per unit
Fixed = $32,000
to find out
gross margin that the company would disclose on an absorption costing income statement
solution
we get here sale that is
Sales = 37000 × $15
sales = $555,000
and
cost of good sold is
cost of good sold is = variable cost per unit + fixed cost per unit
cost of good sold is = 4 +
cost of good sold is = 10.5
so total cost of god sold = 37000 × $10.5
total cost of god sold = $388500
so Gross margin is here
Gross margin = $555,000 - $388500
Gross margin = $166,500
Answer: $50,846.3701
Explanation:
Need to save $4 million to live comfortably,
Interest rate, r = 3%
N = 40 years
= 1,226,241.57
= $50,846.3701
Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.