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Dvinal [7]
3 years ago
11

For the past six months, Malika's utility bills (including electricity, heat, water, cable, and telephone) have been as follows:

January: $99.85 February: $150.00 March: $85.25 April: $66.38 (due to a free month of cable television service) May: $180.96 June: $102.34 What is the average of her utility bills?
Business
1 answer:
Fudgin [204]3 years ago
7 0

The average of anything means you add all the values and divide by the number of values. In this case you would add all the month's utility bills and divide by the number of bills included. However, in this instance, I would exclude April since this in an anomaly and she will not get a free month's cable every month. SO add the other other months together and divide by 5.

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1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling pric
Temka [501]

Answer:

<u>Break Even point </u>Q = 500000

<u>Shut Down Point </u> P < 5

Explanation:

<u>Break Even point</u> is where Total Revenue = Total Cost.

Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity  

So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q

Q = 500000

<u>Shut Down Point </u>is where firm's Price is < its Average Variable Cost .  

AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5

So, the firm would shut down if its price would go below AVC , ie if P < 5

6 0
3 years ago
The Kingwood Company reported net income of $40,000 and average total assets of $440,000. Calculate the company's return on asse
Svet_ta [14]

Answer:

return on assets= 0.09= 9%

Explanation:

Giving the following information:

The Kingwood Company reported a net income of $40,000 and the average total assets of $440,000.

To calculate the return on assets, we need to use the following formula:

return on assets= net income / average total assets

return on assets= 40,000 / 440,000= 0.09

4 0
4 years ago
You plan to deposit $4,700 at the end of each of the next 25 years into an account paying 10.3 percent interest. a. How much wil
Ganezh [65]

Answer:

Final Value= $483,603.80

Explanation:

Giving the following information:

You plan to deposit $4,700 at the end of each of the next 25 years into an account paying 10.3 percent interest

We need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 4,700

n= 25

i= 0.103

FV= {4,700*[(1.103^25)-1]} / 0.103= $483,603.80

4 0
3 years ago
During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues. On
serg [7]

Answer:

b.

Explanation:

The company sold 6 advertising spaces that would run from July to December for $400 each.

Total amount received for selling 6 advertising spaces = 6×$400

Total amount received for selling 6 advertising spaces = $2,400

The advertising spaces will run for 6 months i.e., July to December.

So, adjusting entry on 31st July would record the revenue earned for 1 month only.

Total revenue = $2,400

No. of months = 6

Revenue for 1 month = $2,400/6

Revenue for 1 month = $600

Thus, journal entry on receipt of cash as well as adjusting journal entry has been shown below:

8 0
3 years ago
You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been
damaskus [11]

Answer:

Based on the CAPM approach, the cost of common from reinvested earnings is e. 10.93%

Explanation:

Hi, first, let´s introduce the formula for the CAPM approach.

Cost(e)=rf+beta*RPM

Therefore:

Cost(e)=0.041+1.30*0.0525=0.1093

So, the cost od common from reinvested earnings is 10.93%, which would be option "e".

Best of luck.

7 0
3 years ago
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