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Tema [17]
3 years ago
6

Pearls, Pearls, Pearls! manufactures and sells jewelry. The total variable cost of goods sold this month is $72,490. Variable se

lling and administrative cost is $22 per unit sold. If 350 units are produced and 314 units are sold this month, the total variable cost reported on the income statementforthe month is $:___________
Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

Total variable cost= $71,940.54

Explanation:

Giving the following information:

The total variable cost of goods sold this month is $72,490.

Variable selling and administrative cost is $22 per unit sold.

350 units are produced and 314 units are sold this month.

<u>First, we need to calculate the unitary variable cost per unit:</u>

Unitary production cost= 72,490/350= $207.11

<u>Now, we can calculate the total variable cost:</u>

Total variable cost= (207.11 + 22)*314= $71,940.54

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When you pay off an installment loan early you will save money on interest.

The bank charges an interest rate on money that they loan out. When you pay the loan early you do not have to pay the interest on the money for the amount of time left on the loan.

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3 years ago
Barbara wants to reconcile her bank statement. She needs to calculate _______ beforehand and look for __________ when she gets h
Marysya12 [62]

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Will give BRAINLIEST! Please read the question THEN answer correctly! No guessing.
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D

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3 0
3 years ago
John Harper has borrowed $17,400 to pay for his new truck. The annual interest rate on the loan is 9.4 percent, and the loan nee
Vikentia [17]

Answer:

$4,953

Explanation:

Given by the question, we have:

+) Present value of annuity  = $17,400

+) Return on the investment = annual interest rate on the loan = 9.4%

The type of this annuity is annuity due.

We have the equation to calculate the present value of annuity due as following:

PV Annuity Due = P × [1 - (1 + r)^(-N)]/r × (1+r)

=> P = PV Annuity Due ÷ {[1 - (1 + r)^(-N)]/r × (1+r)}

In which:

+) P: Annual payment

+) r: annual interest rate = 9.4% = 0.094

+) N: Number of payments = 4 (As the loan is repaid in 4 payments)

+) PV Annuity Due = 17,400

=> P = 17,400 ÷ {[1 - (1 + 0.094)^(-4)]/0.094 × (1+0.094)} ≈ $4,953

5 0
3 years ago
Beth likes to go shopping, so every month she sets aside 100$ for shopping only. this is known as?
Crazy boy [7]

Beth likes to go shopping, so every month she sets aside 100$ for shopping only. this is known as <u>"budgeting".</u>


Budgeting is the way toward making an arrangement to spend your cash. This spending plan is known as a budget. Making this spending plan enables you to decide ahead of time whether you will have enough cash to do the things you have to do or might want to do. Planning is basically adjusting your costs with your salary.  

On the off chance that you don't have enough cash to do all that you might want to do, at that point you can utilize this arranging procedure to organize your spending and concentrate your cash on the things that are most essential to you.


6 0
3 years ago
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