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amid [387]
3 years ago
14

Calculate the marginal cost of the 70th toy car produced. Round your answer to the nearest hundredth.

Business
1 answer:
VikaD [51]3 years ago
7 0

Answer:

$1.43

Explanation:

A lot of information is missing, but i found a similar question. Hope it can help.

Labor    Q     Fixed          Variable   Total      Marginal       Average  

                     costs          costs         cost       cost              total cost

0            0       50              0               50           0                     0

1            10       50             30              80           8                     8

2           24      50             60              110          2.5                 4.58

3           49      50             90              140         1.20                2.86

4           70      50            120              170         1.43                2.43

5           82      50            150             200        2.50               2.44

marginal cost is calculated by dividing the incremental cost ($30) by the incremental output (21) = $30 / 21 = $1.4286 ≈ $1.43

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8 0
2 years ago
What is angelica's overall debt to credit ratio?
Schach [20]

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6 0
3 years ago
An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F
nadezda [96]

Answer:

Contribution= $214,800

Explanation:

<em>Contribution margin ratio is the proportion of sales revenue that is earned as contribution. </em>

Unit sold = revenue / selling price = 880,000/55 = 16,000  units

Contribution = Sales revenue - variable cost

Variable  admin = 4% × 880,000= 35200

Variable selling = 5× 16,000 = 80,000

Contribution = Sales revenue - cost of goods sold - admin - selling

= 880,000 - 550,000- 35200 - 80,000=214,800

Contribution= $214,800

5 0
3 years ago
The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except
garik1379 [7]

Answer:

A Schedule Summarizing Operating, Investing, and Financing Cash Flows, using the T-account approach:

                              Operating        Investing         Financing

                         Debit  Credit     Debit    Credit    Debit   Credit

1. Equipment                                          $71,000

2. Note Payable                                                              $13,500

3. Common Stock                                              $20,000

4. Cash Dividends                                                         $22,800

5. Accounts Payable          $2,700

6. Income Tax Expense    $4,000

7. Interest Expense                                                        $3,000

8. Net Income        $53,720

9. Depreciation      $21,280

10. Tax & Interest    $7,000

11. Accts receivable               $13,500

12. Inventory                           $6,750

13. Salaries Payable   $1,350

Total inflows/

outflows                 $83,350 ($26,950)  ($71,000) $20,000 ($39,300)

Net cash from              $56,400              ($71,000)     ($19,300)

Operating activities       $56,400

Investment activities     ($71,000)

Financing activities       ($19,300)

Net cash flows             ($33,900)

Explanation:

a) Data and Calculations:

1.                                                           Current Year   Prior Year

Balance Sheet

Assets

Cash                                                    $ 78,900     $ 99,300

Accounts Receivable                           108,000        94,500

Merchandise Inventory                         81,000        87,750

Property and Equipment                   152,000        81,000

Less:

Accumulated Depreciation             (43,280)     (22,000)

Total Assets                                   $ 376,620  $ 340,550

Liabilities:

Accounts Payable                           $ 13,500     $ 16,200

Salaries and Wages Payable            2,700           1,350

Notes Payable, Long-Term              67,500         81,000

Stockholders’ Equity:

Common Stock                               128,000       108,000

Retained Earnings                          164,920       134,000

Total Liabilities &

Stockholders’ Equity $ 376,620   $ 340,550

2. Current Year  Income Statement

:

Sales                         $ 340,000

Cost of Goods Sold     180,000

Depreciation Expense  21,280

Other Expenses           85,000

Net income               $ 53,720

3. The Wickersham Brothers Inc.'s Statement of Cash Flows is one of the three main financial statements that the management of Wickersham Brothers Inc. must prepare and present to the stockholders of the company and the general public.  It details the Wickersham's cash flows under the operating activities, investing activities, and financing activities sections.

4 0
3 years ago
You record the credit entry for transaction (A) 5/1 in the journal as Date Description Debit Credit
-BARSIC- [3]
I think the answer is B. hope i helped
3 0
3 years ago
Read 2 more answers
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