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3 years ago

Oil to keep the factory machinery lubricated is an example of what types of costs?

Business

1 answer:

ikadub [295]3 years ago

3 0

<u>Determination of type of costs:</u>

There are two main types of costs, which are Direct Costs and Indirect Costs. Direct costs are those costs which are directly traceable to the product, for example; direct material, direct labor etc. On the other had indirect costs are common costs incurred which are not directly traceable to the product, for example: Indirect material, indirect labor etc.

Oil to keep the factory machinery lubricated is an example of indirect material which is an <u>Indirect Cost. </u>

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If Valley Technology had Net Income for 2021 of $9,600,000. The Net Cash Flow in 2021 is:$5,600,000.

<h3>Net cash flow</h3><h3>Cash Flow from Operating Activities</h3>

Valley Technology Statement of Cash Flows For the year ended 2021

Cash Flow from Operating Activities:

Net Income $9,600,000

Add Depreciation Expense $1,000,000

($5,000,000/5)

Net Cash provided (used) by operating activities: $10,600,000

Cash Flow from Investing Activities:

Purchase of manufacturing equipment -$5,000,000

Net Cash provided (used) in Investing activities -$5,000,000

Cash Flow from Financing Activities:$0

Net cash flow in 2021 $5,600,000

Therefore If Valley Technology had Net Income for 2021 of $9,600,000. The Net Cash Flow in 2021 is:$5,600,000

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2 years ago

if you’ve just recovered from prostate cancer within the last few years, an insurance company might require you to pay a 20% ext

lesya692 [45]

Answer:

Gross premium = $100

Monthly Net premium = $70

Therefore 70 x 12 x 3 = 2,520

= 20% of 2, 520

2,520/100 x 20/1

GMP (Gross Monthly Premium) = $540

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3 years ago

Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.

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The four dimensions of statistical thinking, according to Wild & Pfannkuch are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies. Describe the four statistical reasoning/thinking dimensions that are used in statistical investigation.

* Give and describe a concrete example of how the four-step method was applied in a managerial decision-making process. Please apply the four dimensions of statistical reasoning from Wild and Pfankuch .

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2 years ago

Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requir

Dmitrij [34]

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

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3 years ago

Suppose that the reserve ratio is 25% and that banks loan out all their excess reserves. If a person deposits $100 cash in a ban

Studentka2010 [4]

Answer:

$400

Explanation:

Given that

Reserve ratio = 25%

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So, the maximum amount of increasing the checking account balance would be

= Deposit cash in a bank ÷ Reserve ratio

= $100 ÷ 25%

= $400

We simply divide the cash deposited by the reserve ratio so that the accurate value could come i.e maximum increase checking account balance.

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3 years ago