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Triss [41]
4 years ago
8

Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The

cost formula for catering supplies is $350 per month plus $89 per job plus $9 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in September to be 21 jobs and 144 meals, but the actual activity was 17 jobs and 141 meals. The actual cost for catering supplies in September was $3,035. The catering supplies in the planning budget for September would be closest to:
Business
1 answer:
hodyreva [135]4 years ago
8 0

Answer:

$3,515

Explanation:

The computation of the catering supplies is shown below:

= Catering supplies per month + per job cost  × expected number of jobs + per meal cost  × expected number of meals

= $350 + $89 × 21 jobs + $9 × 144 meals

= $350 + $1,869 + $1,296

= $3,515

Since the question is asking for planning budget so we considered the expected units in terms of jobs and meals

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A coupon bond that pays interest semiannually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 6%.
vitfil [10]

Answer:

b. 1,062.81

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

where: principal as said before is the value lended, coupon is the rate of interest paid, i is the interest rate and n is the number of periods

so applying to this particular exercise, as it is not said we will assume that 6% and 7% are interest rate convertible seminually, so the price of the bond will be:

price=\frac{1,000*\frac{0.07}{2} }{(1+\frac{0.06}{2}) ^{1} } +\frac{1,000*\frac{0.07}{2} }{(1+\frac{0.06}{2}) ^{2} }+\frac{1,000*\frac{0.07}{2} }{(1+\frac{0.06}{2}) ^{3} }+...+\frac{1,000*\frac{0.07}{2} }{(1+\frac{0.06}{2}) ^{15} }+\frac{1,000+1,000*\frac{0.07}{2} }{(1+\frac{0.06}{2}) ^{16} }

price=1,062.81

take into account that here we are asked about semianually payments, so in 8 years there are 16 semesters.

6 0
4 years ago
you have a business that is dependent on gas. the price of oil increases significantly. as a result, you will... the price of yo
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Increase the price to make more money to be able to afford oil.
5 0
3 years ago
Boeing does not manufacture all the components of the Dreamliner at its own factory in the United States because​ _________. A.
nlexa [21]

Answer:

Answer 1: C. Boeing wants to produce the Dreamliner at the least possible cost. To do so Boeing buys from the firms that have the lowest costs for delivering the components.

Answer 2: B. Boeing would be able to make more business decisions about the Dreamliner

Explanation:

Answer 1: It is cost effective for Boeing to manufacture all the components of the Dreamliner buy purchasing from the components from other firms instead of manufacturing them in its factory in the United States.

Answer 2: If Boeing manufactured all the Dreamliner's components in its own factories, they would have the upper hand in making more of the business decisions of that concerns the Dreamliner.

3 0
3 years ago
<img src="https://tex.z-dn.net/?f=%283%20%5Csqrt%7B2%20-%209%7D%20%29%283%20%5Csqrt%7B2%20%2B%209%7D%20%29" id="TexFormula1" tit
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(3 \sqrt{2  - 9} )(3 \sqrt{2 + 9} ) \\ 3 \sqrt{2 - 9}   \:  \: \times  \:  \: 3 \sqrt{2 + 9}  \\ 3( \sqrt{2 - 9}  \times  \sqrt{2 + 9} ) \\ 3( \sqrt{(2 - 9)(2 + 9)}  \:  \: )  \\ by \: using \: identity \:  \:  {x}^{2}  -  {y}^{2}  = (x + y)(x - y) \\ 3( \sqrt{ {2}^{2} -  {9}^{2}  } ) \\ 3( \sqrt{4 - 81} ) \\ 3 \sqrt{77}

HOPE THIS WILL HELP YOU

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3 years ago
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