Answer:
a. $48
b. $155,520
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (High production - low production)
= ($322,560 - $207,360) ÷ (3,480 units - 1,080 units)
= $115,200 ÷ 2,400 units
= $48
Now the fixed cost equal to
= High total cost - (High production × Variable cost per unit)
= $322,560 - (3,480 units × $48)
= $322,560 - $167,040
= $155,520
We simply applied the above formulas
Answer:
The correct answer is option b.
Explanation:
In a perfectly competitive market or industry, the firms are price takers. The price is determined by the market forces of demand and supply. The individual firms will face a horizontal line demand curve.
This horizontal line represents the demand curve, price line, average revenue, and marginal revenue. The profit is maximized when the marginal cost and marginal revenue is equal to price.
The credit she used is an installment sales credit.
Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.
Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.
Learn more about Credit sales here: brainly.com/question/25393740
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Answer:
The answer is 20
Explanation:
The money multiplier show us how an initial deposit can lead to a higher final increase in the total money supply or it relates to the maximum amount of bank money that can be created, given a certain amount of money from central bank money.
Money multplier = 1 / reserve requirement
Reserve requirement is 5% of the deposits
Therefore, money multiplier is
1 / 0.05
20