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
user100 [1]
3 years ago
5

Inspection costs at one of Iuliano Corporation's factories are listed below:

Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Units produced - Inspection cost

February: 911 - $16,812

March: 961 - $17,200

April: 917 - $16,865

May: 901 - $16,710

June: 923 - $16,894

July: 908 - $16,780

August: 925 - $16,932

September: 865 - $16,300

October: 904 - $16,738

To calculate the fixed component using the high-low method, first, we need to calculate the unitary variable cost:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,200 - 16,300) / (961 - 865)

Variable cost per unit= $9.375 per unit

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,200 - (9.375*961)

Fixed costs= 8,190.625

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 16,300 - (9.375*865)

Fixed costs= $8,190.625

You might be interested in
briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to
expeople1 [14]

Answer:

An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.

Explanation:

Three characteristic of an entrepreneur:

Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.

Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.

Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.

3 0
2 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
polet [3.4K]
The answer is Checking account

Checking account is usually made by the company to serve for specific purposes. (for example, like checking account to handle travel expenses or checking accounts to buy office supplies) This type of account usually really easy to made and had no withdrawing restrictions, but they don't have high interest rate
5 0
3 years ago
At December 31, 2021 and 2020, P Co. had 58,000 shares of common stock and 5,800 shares of 5%, $100 par value cumulative preferr
Finger [1]

Answer:

$10.19 per share

Explanation:

With regards to the above, the basic earnings per common share is seen below;

Preferred dividend = Shares × Par value × Shares percentage

= 5,800 × $100 × 5%

= $29,000

So, basic earning per share = (Net income - Preferred dividend) ÷ Common shares

= ($620,000 - $29,000) ÷ 58,000

= $10.19 per share

Therefore, for 2021, basic earnings per common share amounted to $10.19

6 0
3 years ago
Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3
evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0
3 years ago
You are a loan officer for National Bank. You have a loan application submitted by a company for $50,000. This company just got
Natali5045456 [20]

Answer:

cash 5000

Explanation:

I think thats right

7 0
2 years ago
Other questions:
  • The reward-to-risk ratio for stock A is less than the reward-to-risk ratio of stock B. Stock A has a beta of 0.82 and stock B ha
    6·1 answer
  • Northwest Delivery Company acquired an adjacent lot to construct a new warehouse, paying $75,000 and giving a short-term note fo
    12·1 answer
  • The "invisible hand"
    15·1 answer
  • GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in
    8·1 answer
  • Binz Company provides cleaning services and sells garbage bins to office clients. On June 1^st, Binz delivered 100 garbage bins
    11·1 answer
  • If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
    12·1 answer
  • For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily
    5·1 answer
  • Last year real GDP in the imaginary nation of Oceania was 561.0 billion and the population was 2.2 million. The year before, rea
    6·1 answer
  • Nancy sold her personal residence on June 30 of this year under an agreement in which the real estate taxes were not prorated be
    8·1 answer
  • Factors driving supply<br>​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!