Answer: $2,974.45 million
Explanation:
Cost of goods sold for Year 7 = $2,945 million
Cost of goods sold is expected to increase by 1%.
Cost of goods sold in Year 8 will be:
= 2,945 * (1 + 1%)
= $2,974.45 million
Answer: Share
Explanation:
According to the given scenario, the berry hill is one of the type of insurance company that basically decided to sharing the risk for paying the flood claims by increase the rate of of the insurance in the southern state.
The various types of companies or insurance based organization are effectively determining their risk by calculating the actual premium rate of the policy holder partner.
The risk sharing is one of the process in which the both the factor such as profit or loss are get share between the partners or any policy holder member in the company on the basis of the pre-determine formula.
Therefore, Share is the correct answer.
<u>Given:</u>
Metals produced = 5000
Standard price for gold = $800 per ounce
Cost of 1100 ounces of gold = $875000
Gold used for production = 1000 ounces
<u>To find:</u>
Direct material price variance
<u>Solution:</u>
To calculate the direct material price variance we have to use the following formula,
On plugging-in the values we get,
![\Rightarrow( 800 - [ \frac{875000}{1100} ] )\times1100](https://tex.z-dn.net/?f=%5CRightarrow%28%20800%20-%20%5B%20%5Cfrac%7B875000%7D%7B1100%7D%20%5D%20%29%5Ctimes1100)
On solving we get,
Therefore, Phelps's direct materials price variance for the month is $5000.
Answer:
When the data is simple and can be organized in one table.
Explanation:
• When more than one person needs to access the data
• When the data needs to be organized into two or more tables
• When the data includes video and audio
(The rest of these answer choices don’t apply)
Answer:
maximum income is $900
Explanation:
given data
oil change = $20
per day = 40 customer
increase = $ 2
dailer customers = 2
owner charge = $ 2
to find out
income from the business
solution
we know current income is 40 × 20
current income = $800
we consider here price increase x and income as function y
so y = (20 +2x) × ( 40 - 2x) ........1
y = −4x² + 40x + 800
take derivative and put dy/dx = 0 for maximum
dy/dx = -8x + 40
0 = -8x + 40
x=5
so here from 1
y = (20 +2x) × ( 40 - 2x)
y = (20 +2(5)) × ( 40 - 2(5))
y = 30 × 30
y = 900
so maximum income is $900
