1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveticcg [70]
3 years ago
13

Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,665 $28,579 April 11,461

$28,413 May 11,993 $28,837 June 13,800 $28,928 July 11,725 $28,640 August 11,211 $28,239 September 12,005 $28,838 October 11,696 $28,596 November 11,844 $28,721 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost,
Business
2 answers:
blondinia [14]3 years ago
4 0

Answer:

Explanation:

March 11,665 $28,579

April 11,461 $28,413

May 11,993 $28,837

June 13,800 $28,928

July 11,725 $28,640

August 11,211 $28,239

September 12,005 $28,838 October 11,696 $28,596

November 11,844 $28,721

Variable Cost = Highest Activity Cost - Lowest Activity Cost/

Highest Activity Units - Lowest Activity Units

28,928 - 28, 239 = 689

13,800. - 11, 211 = 2,589

= 689/2,589

= 0.266

Fixed Cost   =   Highest Activity Cost - (Variable Cost Per Units x Highest Activity Units)

28,928 - (0.266 x 13,800)

= 28,928 - 3,670.80

= 25,257.20

mario62 [17]3 years ago
3 0

Answer:

<em>$0.48 per client-visit; $22,856 per month</em>

Explanation:

Where,

y2 is the total cost at highest level of activity;                                                                       y1 is the total cost at lowest level of activity;                                                                      x2 are the number of units/labor hours etc. at highest level of activity; and                           x1 are the number of units/labor hours etc. at lowest level of activity

<em>Variable Cost per Unit </em>

= (28,904 -28,227) / (12,600-11,199)

= $0.48

<em> Total Fixed Cost </em>

= y2 ? bx2

= 28,904 - $0.48 * 12600

= $22,856.00

You might be interested in
Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t
Kipish [7]

Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

$FV=P(1+\frac{r}{100})^t

$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

3 0
3 years ago
At a price of $100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to $125, 9 canoes were rented.
zhuklara [117]

Answer:

C) 0.9.

Explanation:

The calculation  of the price elasticity of demand is shown below:

Price elasticity of demand is

= (Change in quantity demanded ÷ average of quantity demanded) ÷ (Change in price ÷ average of price)

where,

q1 = 11

q2 = 9

p1 = $100

p2 = $125

So,

= {(9 - 11) ÷ (9 + 11) ÷ 2}  ÷  {($125 - $100) ÷ ($125 + $100) ÷ 2 }

= {-2 ÷ 10} ÷ {25 ÷ 112.5 }

= -0.9

= 0.9

4 0
3 years ago
Why doesn’t a change in the price of eggs cause a change in the demand for eggs?
FromTheMoon [43]
Supply and demand changes the price of eggs
6 0
3 years ago
If you had invested $100 in 1972 in the 500 stocks of the s&amp;p500 index, how much would you have had in 2018?.
ANEK [815]

If you had invested $100 in 1972 in the 500 stocks of the s&p500 index $1,612

<h3>What is stocks ?</h3>

A stock is a type of investment that represents ownership in a portion of the issuing company and is commonly referred to as equity. Owners of shares, often referred to as units of stock, are entitled to a portion of the company's assets and earnings in proportion to the number of shares they own.

The majority of private investors base their portfolios on equities, which are often bought and sold on stock exchanges. Stock trades must adhere to government regulations intended to protect investors from deceptive practices.

A sort of instrument known as a stock, which is commonly exchanged on stock exchanges, represents the holder's ownership interest in the issuing company.

Corporations issue stock as a means of raising capital to fund their operations.

Common are the two main stock classifications.

The two primary stock categories are common and preferred.

To learn more about stocks  from the given link:

brainly.com/question/25818989

#SPJ4

4 0
1 year ago
The Refining Department of Crystal Cane​ Sugar, Inc. had 73 comma 000 tons of sugar to account for in December. Of the 73 comma
soldier1979 [14.2K]

Answer:

67,600 tons

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Conversion

Equivalent Units  = 55,000 + 18,000 x 70% = 67,600 units

6 0
3 years ago
Other questions:
  • Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a p
    6·1 answer
  • ​ home &amp; barn construction, inc., contracts with idyll farms to build a new dairy barn on idyll's property for which idyll a
    11·1 answer
  • Energy that is stored and available to be used later is called
    14·1 answer
  • How does McDonald's organize its marketing department
    14·1 answer
  • When workers are a part of a team their compensation should be?
    13·1 answer
  • Difference between hire purchase and credit sales
    11·1 answer
  • During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre
    9·1 answer
  • Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,
    8·1 answer
  • The Bloom Company issued stock for $51,500 cash on January 20, 2011. During 2011, the company recorded revenue on account of $18
    11·1 answer
  • Jose is opening a small restaurant. On weekends, he works with his cousin to construct the tables, chairs, and counters that wil
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!