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tatyana61 [14]
3 years ago
5

1.Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically

. What impact, if any, will this have on the following: a. the firm's AFC (average fixed cost);
Business
1 answer:
jolli1 [7]3 years ago
5 0
In this situation, the Average fixed cost wll be INCREASED.

AFC (average fixed cost) is calculated by adding up all total fixed cost within a certain period and divide it with the total years. If a business experienced an increased in any way to its fixed cost, the average will automatically increased.
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How do you think the benefits will help the firm before they<br> engage in I.M?
GaryK [48]

An information memorandum is very vital for a business because its gives the potential buyers an impression of your business before they meet physically or online with the company.

<h3>What is an information memorandum?</h3>

Let understand that the I.M. refers to an information memorandum.

An information memorandum refers to sales memorandum which is document produced prior to selling the business or opening of pitch to any prospective buyers.

In conclusion, an information memorandum is very vital for a business because its gives the potential buyers an impression of your business before they meet physically or online with the company.

Read more about information memorandum

<em>brainly.com/question/3352783</em>

4 0
3 years ago
For Roche Inc., variable manufacturing overhead costs are expected to be $20,730 in the first quarter of 2020, with $4,370 incre
Margarita [4]

Answer:

Manufacturing Overhead Budgets:

Quarter 1:

Variable Overhead - $20,730

Fixed Overhead - $35,180

Total for quarter 1 = $55,910

Quarter 2:

Variable Overhead - $25,100

Fixed Overhead - $35,180

Total for quarter 2 = $60,280

Quarter 3:

Variable Overhead - $29,470

Fixed Overhead - $35,180

Total for quarter 3 = $64,650

Quarter 4:

Variable Overhead - $33,840

Fixed Overhead - $35,180

Total for quarter 4 = $69,020

Total for the year:

Variable Overhead $(20,730 + 25,100 + 29,470 + 33,840) = $109,140

Fixed Overhead $(35,180 x 4) = $140,720

Total  = $249,860

Explanation:

a) Fixed overhead is estimated to be $35,180 each quarter.  So the total for the year will be $35,180 x 4 quarters = $140,720.

b) The variable overhead in the first quarter was estimated to be $20,730.  In the second quarter, it will increase by $4,370, to give $25,100 (20,730 + 4,370).

In the third quarter, it will increase by $4,370 on the second quarter's to give $29,470 (25,100 + 4,370).

In the fourth quarter, it will increase by $4,370 on the figure of the third quarter to give $33,840 (29,470 + 4,370).

5 0
3 years ago
The traits, skills, experience, knowledge, and other features necessary for job success are called
Levart [38]
Job qualifications

qualify means that you are at a high enough level

example
'have you met the job qualificatins' is the same as 'have you got to a high enough level with the right equipment so you can fight this boss?"

job qualifications

5 0
3 years ago
Read 2 more answers
The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eatin
deff fn [24]

Full Question

The united states department of agriculture (usda) found that the proportion of young adults ages 20–39 who regularly skip eating breakfast is 0.238. suppose that lance, a nutritionist, surveys the dietary habits of a random sample of size n=500 of young adults ages 20–39 in the united states.

Apply the central limit theorem for the binomial distribution to find the probability that the number of individuals, ?, in Lance's sample who regularly skip breakfast is greater than 122. You may find table of critical values helpful.

Express the result as a decimal precise to three places.

Answer:

The probability using the Normal Approximation that out of lance’s sample more than 122 people is 0.356

Explanation:

Given

n = Sample Size = 500

p = Probability = 0.238

Using the normal approximation to binomial distribution,

Let X = Event such that a person skips breakfast

If X ~ Binomial (n,p)

Using normal approximation

X ~ Normal (np,npq)

Where n = 500 and p = 0.238

So, X ~ Binomial (n,p) becomes

X ~ Binomial (500 , 0.238)

Using Normal Approximatiom

X ~ (119, 90.678)

The critical table is then constructed as follows;

Binomial --------- Normal

P(X = a) --------- P(a - 0.5 < X < a + 0.5)

P(X ≥ a) --------- P(X > a - 0.5)

P(X > a) --------- P(X > a + 0.5)

P(X ≤ a) --------- P(X < a + 0.5)

P(X < a) --------- P(X < a - 0.5)

Calculating the probability using the Normal Approximation that out of lance’s sample more than 122 people skips

This can be written as P(X > 122)

Looking at the critical table above.

P(X>a) ----- P(X>a + 0.5)

So,

P(X > 122) ---- P(X > 122 + 0.5)

P(X > 122) ---- P(X > 122.5)

Calculating Z score using

z = (x - u)/√σ²

X = 122.5

From X ~ (119, 90.678)

u =mean = 119

σ = standard deviation = √90.678

So,

Z = (122.5 - 119)/√90.678

z = 0.367550550865750

Z = 0.37 ---- Approximated

P(X > 122.5) = P(Z > 0.37)

P(X > 122.5) = 1 - P(Z<0.37) --- using z table

P(X > 122.5) = 1 - 0.6443

P(X > 122.5) = 0.3557

P(X > 122.5) = 0.356 -- Approximated

6 0
4 years ago
uppose the government imposes a price ceiling of $110. This price ceiling is , and the market price will be. The quantity suppli
Akimi4 [234]

Answer:

1. his price ceiling is biding.

2. The market price will be $110 since it is binding

3. The quantity supplied will be reduced by the suppliers.

4. The quantity demanded will be increased by the buyers.

5. Therefore, a price ceiling of $110 will result in a shortage.

Explanation:

A price ceiling is a government or legally imposed maximum price or price limit at a good must be sold. The price ceiling is usually set below the equilibrium price determined by the forces of the demand and supply in order to prevent the good becoming too expensive for the consumers.

When there is a price ceilings quantity demand will be higher than the quantity supplied and this will result in a shortage. This is demonstrated with an example below.

<u>Check the following example</u>

For example, let us assume that government imposed a price ceiling of $60  when the quantity supplied by the supplier is QS = 4P , and the quantity demand is by the consumers is QD = 400−P.

The equilibrium price determined by the forces of demand and supply without the government intervention will be as follows:

QS = QD

4P = 400 - P

4P + P = 400

5P = 400

P = 400 ÷ 5

P = $80

This shows that the equilibrium price of $80 is higher than the price ceiling of $60 which is binding.

At P = $80, the quantity demanded (QD) and supplied (QS) will be equal. That is:

QS = 4P

      = 4 × 80

QS = 320

QD = 400 - P

      = 400 - 80

QD = 320

This implies that at market determined price of $80, QS = QD = 320 units.

But at P = $60 price ceiling, we will have:

QS = 4P

      = 4 × 60

QS = 240

QD = 400 - P

      = 400 - 60

QD = 340

QD - QS = 340 - 240 = 100 units shortage.

This implies that at the price celing of $60, QS ≠ QD, this resulted into a 100 units shortage.

8 0
3 years ago
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