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OLga [1]
3 years ago
5

Classify the following as fixed or variable costs:

Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery

Variable cost: Fuel, Shipping charges, Payments for raw materials,

Explanation:

Fixed costs are costs that are not changed regardless of quantity of goods being produced such as rent for equipment, taxes, depreciation and so on.

Variable costs are costs that change with regard to the quantity of goods being produced such as cost of raw materials, cost of packaging and so on.

Example of fixed and  variable costs are:

  1. Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery
  2. Variable cost: Fuel, Shipping charges, Payments for raw materials,
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A thief steals an ATM card and must randomly guess the correct three​-digit pin code from a 9​-key keypad. Repetition of digits
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Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

Explanation:

Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

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3 years ago
Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of goods manufactured of $32
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Answer:

The cost of goods available for sale is $345,000

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Beginning finished goods inventory   $25,000

Cost of Goods manufactured           $320,000

Cost of Goods available for sale,

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2 years ago
Contingent liabilities should be recorded in the accounts when: it is possible the future event will occur the amount of the lia
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David Snow focused on this set of conguent interests on social movements issues strategies on his most important scholarly achievement which he called "framing perspective"

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Snow´s "framing perspective" approach on large, informal groupings of individuals or organizations to negotiate on emergent meanings of social-movement issues, is psychological and centered in agencies services focused on specific action for change.

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