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anyanavicka [17]
3 years ago
14

A recent income statement of McClennon Corporation reported the following data:

Business
1 answer:
arsen [322]3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= \frac{Sales\ Revenue}{Q}

= \frac{9,600,000}{8,000}

= $1,200

The average variable cost is

= \frac{TVC}{Q}

= \frac{6,000,000}{8,000}

= $750

Profit =  TR - TC

Profit = Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = \frac{3,870,000}{450}

Q = 8,600 units

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C. Public Good (at least I think because the money goes to the public)
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Ultimately ________ create and market products that meet the needs of customers
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To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a
pickupchik [31]

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

<h3>What is principle equal protection?</h3>

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

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8 0
2 years ago
Dave's Mirror Company produces $1,250,000 worth of mirrors this year. They expect to sell $1,000,000 worth of mirrors over the y
Georgia [21]

Answer:

$650,0000, $550,000

Explanation:

Actual investment is planned investment plus unplanned investment.

Planned investment = planned production minus expected sales, or $1,250,000 - $1,000,000 = $250,000

$250,000+ purchase of new equipment ($300,000) = $550,000.

Expected sales -Sales for the year

$1,000,000 - $900,000 = $100,000

$$550,000+$100,000=$650,000

Therefore Actual investment by Dave's Mirror Company equals $650,000 and planned investment equals $550,000

3 0
3 years ago
Read 2 more answers
Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,5
Ivahew [28]
Budgeted direct materials quantity
4000 pounds

Actual direct materials quantity
4500 pounds

Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
5 0
3 years ago
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