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3 years ago

The table below shows some hypothetical data on the costs associated with the use of a liter of gasoline in a European country.

Business

1 answer:

Alchen [17]3 years ago

4 0

Answer:

1. 4.75

2. 4.25

Explanation:

1. Private cost is a supplier's or producer's cost of providing goods and services without any external cost.

Private cost:

= Cost of imported oil + Cost of refining oil to gasoline + Cost of distributing and selling gasoline + Government tax

= 0.50 + 1 + 0.75 + 2.50

= 4.75

2. Social cost is private cost plus external cost.

Social cost:

= Cost of imported oil + Cost of refining oil to gasoline + Cost of distributing and selling gasoline + Cost of pollution from one liter of gasoline

= 0.5 + 1 + 0.75 + 2

= 4.25

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On January 1, 2020, Franel Co. acquired all of the common stock of Hurlem Corp.For 2020, Hurlem earned net income of $360,000 an

ruslelena [56]

Answer:

$6,000

Explanation:

Calculation for How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping

Using this formula

Difference in Franel's income using Equity Method = [(Net income-Dividends)-(Net income-Patent allocation amortization- Dividends)]

Let plug in the formula

Difference in Franel's income using Equity Method =[($360,000 - $190,000)-($360,000 - $6,000 - $190,000]

Difference in Franel's income using Equity Method = $170,000 -$164,000

Difference in Franel's income using Equity Method =$6,000

Therefore How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping is $6,000

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3 years ago

The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce that is left from the previ

Alexxx [7]

Answer:

276 boxes

Explanation:

Given the following :

Cost price of lettuce = $9

Selling price of lettuce = $17

Selling price of old lettuce (Salvage value) =$5

Mean demand (m) = 258

Standard deviation(σ) = 41

The marginal profit = selling price - cost price

Marginal profit = $(17 - 9) = $8

Marginal loss ; old lettuce : cost price - salvage value $(9 - 5) = $4

Probability (p) = marginal profit /(marginal profit + marginal loss)

P = 8 / (8 + 4) ; 8 / 12 = 0.667

Using the InvNorm function of the T84 calculator :

InvNorm(prob, mean, standard deviation)

InvNorm(0.667, 258, 41) = 275.697 = 276 boxes

Number of lettuce boxes supermarket should purchase tomorrow = 276 boxes

6 0

3 years ago

In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1 comma 200 radials each year. In the past 2 yea

bazaltina [42]

Answer:

Season:

Fall 262 units

Winter 391 units

Spring 178 units

Summer 569 units

Explanation:

First, we calculate the average for each season.

Then, we cross multiply for 1,400 radials to get the values:

$\left[\begin{array}{cccc}Season&Y_1&Y_2&Average\\$fall&250&200&225\\$winter&320&350&335\\$spring&160&145&152.5\\$summer&635&340&487.5\\\\$total&1035&1365&1200\end{array}\right]$

Now we cross multiply to get the expected sales for Year 3:

225 / 1200 * 1400 = 262

335/ 1200 * 1400 = 391

152.5/ 1200 * 1400 = 178

487.5/ 1200 * 1400 = 569

5 0

3 years ago

5 years ago, an individual had invested $10,000 in an Investment Trust. Over those years, the trust has distributed $2,000, cons

rjkz [21]

Answer: $12,000

Explanation:

From the question, we are informed that years ago, an individual had invested $10,000 in an Investment Trust and that over those years, the trust has distributed $2,000, consisting of $1,600 of dividends and $400 of capital gains and also that the investor has reinvested these distributions in additional trust units.

The investor's aggregate current cost basis in the Trust will be the beginning basis which was $10,000 added to the $2000 that was distributed. This will be $12,000.

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3 years ago

Waterway Industries has beginning and ending raw materials inventories of $126000 and $150000, respectively. If direct materials

kipiarov [429]

Your question is incomplete. Please read below for the missing content.

The correct option for the cost of raw materials purchased is $714,000.

Solution:

Statement showing the computation of cost of raw material purchased

Ending raw material inventory of $150,000

Add: Cost of direct material used $690,000

Less: Beginning raw material inventory $(126,000)

Cost of raw material purchased $714,000

Conclusion:

Hence the cost of raw material purchased is $714,000

Hence the correct option is $714,000.

Purchases of raw materials, consumables and offerings are purchases of all commodities used as inputs inside the manufacturing technique and of offerings related to the supply of factors of production, inclusive of renting belongings or system, leasing, brief group of workers, and, in general, all outside offerings purchased for personal use (protection body of workers, cleaners and many others.).

Waterway Industries has a beginning and ending raw materials inventories of $126000 and $150000, respectively. If direct materials used were $690000, what was the cost of raw materials purchased?

A. $720000.

B. $714000.

C. $690000.

D. $666000.

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3 0

3 years ago

Read 2 more answers