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4 years ago

Using $3,000,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information.

Business

1 answer:

Marat540 [252]4 years ago

3 0

Answer:

$3,006,000

Explanation:

The computation of cost of goods manufactured is shown below:-

Cost of Goods Manufactured = Gross Manufacturing Cost + Opening Work in progress - Closing work in progress

= $3,000,000 + $18,000 - $12,000

= $3,006,000

Therefore for computing the cost of goods manufactured we have applied the above formulas and ignore all other values as they are not relevant.

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You have decided to enter the candy business. You are considering producing two types of candies: Slugger candy and Easy Out can

lions [1.4K]

Answer:

$8000

Explanation:

Assume he uses sugar equally

For slugger candy must contain sugar and 20% nuts

5000*(30000*0.2)

=8000 ounces

For easy out candy must contain sugar and 10% nuts and 10% chocolates

5000+(30000*0.1)+(30000*0.1)

=8000 ounces

Revenue= 8000*$0.6 +8000*$0.4

$8000

4 0

4 years ago

A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is:________.

zhuklara [117]

Answer:

The correct answer is:

0.50 (B)

Explanation:

The Lerner index is used by monopolists to measure market/monopolist power, and it is defined as the percent markup of price over marginal cost.

It is given by the formula:

$L = \frac{P - MC}{P}\\where:\\L = Lerner\ index\\P = price = \$40\\MC = marginal\ cost = \$20\\\\L = \frac{40\ -\ 20}{40} \\L = \frac{20}{40}\\ L = 0.5$

Note: in a perfectly competitive market, L = 0, which makes Price = Marginal cost in the equation above. But in a competitive market, it is always the case that L ≥ 0

7 0

3 years ago

Mr kleaners acquired new industrial washing mavhine,the list price price of which was 52000.the supplier allowedva tade discount

Cloud [144]

Answer:

I think its $48,950.

Explanation:

you subtract 4,000 from 52,000 which is 52,000 - 4,000 = 48,000.

then you will add that extra $950 getting you a total of $48,950.

if I'm wrong I'm sorry I'm not that good at math.

7 0

3 years ago

Two gamblers bet $1 each on the successive tosses of acoin. Each has a bank of $6. What is the probability that:a They break eve

strojnjashka [21]

Answer:

Part a: The probability of breaking even in 6 tosses is 0.3125.

Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.

Explanation:

Part a

P(success)=1/2=0.5

P(Failure)=1/2=0.5

Now for the break-even at the sixth toss

P(Break Even)=P(3 success out of 6)

P(3 success out of 6)

$=^6C_3/(2^6)\\=5/16\\=0.3125$

So the probability of breaking even in 6 tosses is 0.3125.

Part b:

So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so

Wins in 9 tosses is given as 9!/7!=72

The probability that the other person wins

Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45

So the probability of all the money is won by one of the gambler after the 10th toss is given as

P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses

P=(72-45)/2^16

P=0.0264

So the probability that one payer wins all the money after the 10th toss is 0.0264.

8 0

4 years ago

If firms in a perfectly competitive market are experiencing economic losses, then as time passes firms ________ and the market _

sukhopar [10]

Answer:

The correct choice is D

6 0

3 years ago