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
Sergeeva-Olga [200]
3 years ago
14

Nurix, inc. is a business consulting firm. during the month of february, nurix earned $55,600 of revenues by providing services

to 46 clients. operating expenses for february were $9,000 and non-operating expenses were $4,000. what is the unit cost per service? (round your answer to the nearest cent.)
Business
1 answer:
klemol [59]3 years ago
5 0

The unit cost per service is calculated by dividing the total operating cost of services by the number of service units.

In the given problem, the operating expenses are $9,000 which shall be considered the cost of services provided. And the number of the service unit is given 46 units.

Hence, unit cost per service shall be $9,000/46 = <u>$195.65</u>

Note: We have rounded off the final answer to the nearest cent or two decimal places.

   




You might be interested in
Ben is a manager and has many responsibilities to fulfill. What should he do to maintain a proper work-life balance?
lara [203]

Answer: Option A

Explanation: Determine priorities and set realistic goals

3 0
3 years ago
Read 2 more answers
Two different manufacturing processes are being considered for making a new product. The first process is less​ capital-intensiv
NeTakaya

Answer:

Hello your question is incomplete below is the complete question

Two different manufacturing processes are being considered for making a new product. The first process is less capital-intensive, with fixed costs of only $49,700 per year and variable costs of $740 per unit. The second process has fixed costs of $391,000 but variable costs of only $160 per unit. a. What is the break-even quantity, beyond which the second process becomes more attractive than the first? the volume at which the second process becomes more attractive is ..... units

answer :  At ≥ 589 units the second process becomes more attractive

Explanation:

A) Determine the breakeven quantity that makes the second process more attractive

the second process has a higher fixed cost of $391000

x = volume of sales that makes process 1 as profitable as process 2

sales = fixed cost + Total variable cost

profit = (( selling price ) * X ) - (variable cost * X ) - fixed cost

<em>Assuming the profit made from process 1 = process 2 </em>

((selling price * X ) - ( variable cost of process 1 * X ) - fixed cost of process 1 =((selling price * X ) - ( variable cost of process 2 * X ) - fixed cost of process 2

hence ;

x = ( fixed cost of process 2 - fixed cost of process 1  ) / ((variable cost of process 1) - (variable cost of process 2 ))

   = ( 391000 - 49700 ) / ( 740 - 160 )

   = 588.44 units ≈ 588 units ( both process will yield same profitability

At ≥ 589 units the second process becomes more attractive

5 0
3 years ago
Suppose a bank does NOT hold any excess reserves (it loans all available reserves) and the reserve ratio is 20%. If Melanie depo
s2008m [1.1K]

Answer:

$200

Explanation:

Reserve ratio is the percentage of a deposit that a bank is supposed to withhold as reserves forming part of deposit that banks make into federal reserve.

It plays a major role in deciding the amount of money available to be lent and supply of money.

<u>Workings</u>

Reserve ratio - 20%

On a deposit of $1000, The reserve is 20% * 1000 =$200

Assuming no excess reserve , the limit on the deposit is $800

The reserve = $200

Therefore , if $600 is lent , the bank can further lend  ($800-$600)

$200

8 0
3 years ago
Marin Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction
sveticcg [70]

Answer:

Price of the bond is $2,605,941

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.

According to given data

Face value of the bond is $3,021,900

Coupon payment = C = $3,021,900 x 10% = $302,190 annually = $151,095 semiannually

Number of periods = n = 15 years x 2 = 30 period

Market Rate = 12% annually = 6% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $151,095 x [ ( 1 - ( 1 + 6% )^-30 ) / 6% ] + [ 3,021,900 / ( 1 + 6% )^30 ]

Price of the Bond = $151,095 x [ ( 1 - ( 1 + 6% )^-30 ) / 6% ] + [ 3,021,900 / ( 1 + 6% )^30 ]

Price of the Bond = $2,079,797.2 + $526,143.4 = $2,605,940.6

7 0
3 years ago
Which of the following is NOT a reason to consider a decline in the fairvalue of a debt investment to be "other than temporary"?
hjlf
The investor determines that a credit loss exists on the investment
4 0
3 years ago
Other questions:
  • Who elects the governing body of a mutual insurance company?
    9·1 answer
  • During "forming," members tend to be anxious and uncertain.T/F
    8·2 answers
  • What aspect of a website makes it easy to understand?
    13·1 answer
  • Two types of deposit accounts are _____.
    9·1 answer
  • Division A does not have excess capacity to produce Product XX. The division can sell Product XX for $10 per unit outside the co
    7·1 answer
  • option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $
    15·1 answer
  • What are the functions of business.
    11·1 answer
  • Choose the correct way to complete the sentences to explain how to draw concentric circles when doing a freehand sketch.
    13·1 answer
  • Yr2 Yr 2 Yr 1 Accounts Cash Accounts recelvable Inventories 377 $141 Accounts payable 710 633 Notes payable 1,150 826 Accrued li
    12·1 answer
  • motors gen corp just paid a dividend of 5.00 per share If dividends have been declining by 7% per year and you require a rate of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!