Answer:
The variable cost (related to the production volume) will be 5,865 in total per week (220 units)
or 26.66 per unit
Explanation:
220 units x 30 dollar total unit cost = 6,600
the total cost is compose of both, variable and fixed cost so we have to subtract the fixed cost to arrive to the variable cost.
total cost = fixed + varible
total - fixed = variable
6,600 - 735 = 5,865
The variable cost are 5,865 in total
while: 5,865 / 220 = 26,66 per unit
Answer:
-0.325
Explanation:
The computation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 98 - 108
= -10
And, average of quantity demanded is
= (98 + 108 ) ÷ 2
= 103
Change in price is
= P2 - P1
= $27 - $20
= $7
And, average of price is
= ($27 + $20) ÷ 2
= 23.5
So, after solving this, the price is -0.325
Answer:
The correct answer is: The Railway Labor Act.
Explanation:
The Railway Labor Act is a U.S. federal law originally passed in 1926 to control labor relations in railroad and airline industries. The act also aims to replace the industry employees' strikes for bargaining, arbitration, and mediation in front of labor-related issues.
Answer:
Total Revenues=$393
Total Expenses=$168
Net profit=$225 million
Explanation:
An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements <u>(money paid by the business).</u>
The general structure of an income statement proceeds as follow:
Revenue/Sales (+)
Cost of Goods Sold (COGS) (-)
=Gross Profit
Marketing, Advertising, and Promotion Expenses (-)
General and Administrative (G&A) Expenses (-)
=EBITDA
Depreciation & Amortization Expense (-)
=Operating Income or EBIT
Interest (-)
Other Expenses (-)
=EBT (Pre-Tax Income)
Income Taxes (-)
=Net Income
In this exercise:
Total Revenues=$393
Total Expenses=$168
Net profit=$225 million
Note: dividends shouldn't be included in the Income Statement
Yes different situations call for different measures