Answer:
They will decrease as production decreases
Explanation:
Total Variable cost is sum of all the cost incurred in production of total units of goods produced. It is directly proportional to the number of units of goods produced. It helps to analyze cost structure of goods and then decide on pricing strategy of the goods. Some of the examples of variable cost can be packaging cost, raw material’s cost.
Mathematically it can be defined as
Total variable cost = Total units of goods produced * variable cost for one unit of good produced
Hence from the given option They will decrease as production decreases as the number of units of goods produced will decrease and hence lesser raw material and packaging will be required to produce the goods.
Answer: $112.08
Explanation:
Given that,
Life insurance policy = $240,000
Cost = $210
Amount to be paid by company to old lady if she survives (A):
= $240,000 - $210
= $239,790
Probability that she survives (P1) = 0.999592
Probability that she doesn't survives (P2) = 1 - 0.999592
= 0.000408
Expected value of this policy for the insurance company:
= (P1 × cost of policy) - (P2 × A)
= 0.999592 × $210 - 0.000408 × $239,790
= $209.91432 - $97.83432
= $112.08
Answer:
Explanation:
Reliability. You want a sitter who respects the babysitting job – and your time enough to show up on time, preparedness. Good sitters come to work with ideas on what to do while they're with your kids, such as games, crafts or other activities, Experience, Ability to take charge
Answer:
Karen will owe an interest amount of=$36.75
Explanation:
<em>Step 1: Determine the total amount after a month </em>
The total amount compounded annually can be expressed as;
A=P(1+R/n)^(nt)
where;
A=total amount
P=principal amount
r=annual interest rate
n=number of periods the interest is compounded annually
t=number of years
In our case;
A=unknown
P=$2,450
r=18%=18/100=0.18
n=12
t=1/12
replacing;
A=2,450(1+0.18/12)^(12×1/12)
A=2,450(1+0.18/12)^1
A=2,450(1.015)
A=$2,486.75
<em>Step 2: Determine the interest amount after a month </em>
Interest amount=total amount-principal amount
where;
total amount=$2,486.75
principal amount=$2,450
replacing;
Interest amount=2,486.75-2,450=$36.75
The interest amount=$36.75
