The number of burritos that will be supplied depends on the costs the supplier incurs.
You did not include any charts that can be used to answer this specific question so I will give a general answer.
When a supplier is deciding the price at which to supply a good, they look at:
- Their costs both fixed and variable
- The price others are charging
- The demand for the good
The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.
In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.
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Answer: $3,719,548.95
Explanation:
As the amount will be an equal amount each year, it is an annuity. The lump sum to be paid in 6 years growing at 5% would be the present value of this annuity.
The payment will be;
FV = Payment * Future value interest factor of annuity, 6 years, 5%
25,300,000 = Payment * 6.8019
Payment = 25,300,000/6.8019
Payment = $3,719,548.95
$85,000 under applied.
Calculate the total <u>expected </u>overhead ($300,000+$500,000+$200,000)= $1,000,000
Then calculate the actual overhead ($295,000+$570,000+$220,000)=
$1,085,000
Next, find the difference 1085000-1000000 = $85,000
So, the company under applied overhead by $85,000.
Answer:
$1, 481.198
Explanation:
Katherine's adjusted balance is the balance at the bank after considering the omitted transactions.
Balance as per bank: $1,518.78.
Add omitted deposit: <u> $125.788</u>
<u>$ 1, 644.568</u>
less debit charges
( $49.44+$113.93) <u> $163.37</u>
<u>$ 1,481. 198</u>
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Adjusted balance $ 1,481. 198
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