Answer:100
Explanation:
The following information can be gotten from the question:
Cost for 10 sofas = $2500
Cost for 12 sofas = $2760.
Average Cost = Total Cost/Quantity
2500 / 10 = $250 and
$2760 / 12 = $230
The average cost for 12 sofas will be $230
Marginal cost is the change in total cost divided by the change in quantity. This will be:
= ( 2760 - 2500 )/( 12 - 10 )
= 260/2
= 130
The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:
=230 - 130
= 100
Answer:
minutes of grinding= 60,468 minutes
Explanation:
Giving the following information:
Grinding minutes per unit:
Product A= 3.80
Product B= 5.30
Product C= 4.30
Product D= 3.40
Monthly demand in units:
Product A= 4,260
Product B= 4,260
Product C= 3,260
Product D= 2,260
A total of 54,900 minutes is available per month on these machines.
minutes of grinding= Total product A + Total product B + Total product C + Total product D
minutes of grinding=4260*3.80 + 4260*5.3 + 3260*4.3 + 2260*3.4= 60,468 minutes
Answer:
Explanation:
- mutually exclusive (ME): If one event occur the other doesn't
- collectively exhaustive (CE): one of the events must occur
a. Undergraduate business students were asked whether they were sophomores or juniors: ME
b. Each respondent was classified by the type of car he or she drives: sedan, SUV, American, European, Asian, or none. ME - CE
c. people were asked, "Do you currently live in (i) an apartment or (ii) a house?": ME
d. A product was classified as defective or not defective: ME - CE
Answer:
$60,500
Explanation:
The cost of the land to be recorded consist of the cost of the land itself and other associated cost with the purchase.
The amount realized as income in the process is deducted from the cost.
Cost of land
= $50,000 + $5,000 + $4,000 + $2,000 - $500
= $60,500
Answer:
$876,205.93
Explanation:
Calculation for the value of the Treasury note
FV= 1,000,000
N=3*2
N=6
PMT=3%*1,000,000/2
PMT=30,000/2
PMT= 15,000
I/Y=7.7/2
I/Y= 3.85
Using financial calculator to find the present value of the treasury note
Present Value = $876,205.93
Therefore the present value of the treasury note will be $876,205.93
