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Exercise 6A-5 Least-Squares Regression [LO6-11][The following information applies to the questions displayed below.] George Calo

sashaice [31]

Answer:

George Caloz & Freres

The High - Low method can be used to solve:

The Highest Units and cost = 8 at $25

The Lowest Units and cost = 2 at $16

The difference = 6 units at $9

a) Variable cost = $9/6 = $1.5 per unit

b) Fixed cost at Highest unit produced, is then:

8 x $1.5 + Fixed cost = $25

Fixed cost = $25 = $12 (8 x $1.5) = $13

Check:

At lowest units of production, fixed cost:

Fixed cost = $16 - $3(2x $1.5) = $13

c) If the company processes 5 units next week, the expected total etching costs will be $20.50 (5x $1.5 + $13)

Explanation:

a) Arrangement of the cost data:

Week Units Total Etching Cost

1 4 $18

2 3 $17

3 8 $25

4 6 $20

5 7 $24

6 2 $16

30 $120

b) The High - Low can be used to work out the variable and fixed elements of cost. This method extracts the differences in units and cost to determine the variable cost per unit and the fixed cost.

6 0

3 years ago

The estate of monique chablis earned $390 of income this year. is the estate required to file an income tax return?

Tomtit [17]

No, the estate of monique chablis does not required to file the income tax return.

Given that the income of monique chablis is $390.

We are required to find whether monique chablis is required to file the income tax return or not.

No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.

Income tax is a direct tax paid by income earners to government.

Income tax return is nothing but the annual record of your income.

The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.

Hence it is said that the estate of monique chablis not required to file income tax return.

Learn more about income tax at brainly.com/question/26316390

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8 0

2 years ago

Money facilitates trade because: the division of labor allows goods to be produced at a lower cost. it serves as a medium of exc

Sergeeva-Olga [200]

Answer:

it serves as a medium of exchange

Explanation:

<em>Money facilitates trades because it serves as a medium of exchange.</em>

<u>Trade generally involves the exchange of goods/services for another goods/services or money. The exchange of goods/services for another goods/services is termed trade by barter.</u>

Generally, all over the world, money is recognized as a medium of exchange. Each good/service can easily be evaluated in terms of money and the amount is exchanged during trading.

5 0

4 years ago

Each of these statements is true about the net worth methods for determining embezzled amounts except:a. The net worth method ge

o-na [289]

Answer:

The Correct answer is C "Courts are generally suspicious of dollar amounts determined by the net worth method because courts realize that the net worth can only provide approximations of the amount stolen."

Explanation:

There is always suspicion from the court on the dollar amounts derived from using the net worth method, and this is because courts have been able to understand that the net worth method does not have the potential to calculate the exact stolen amount, but only provide estimations and approximates of the main amount.

4 0

4 years ago

Vision Tech’s stock price is currently trading at $22 per share. The consensus among analysts is that the intrinsic value of Vis

borishaifa [10]

Answer:

More likely

Explanation:

If the current market price of a stock is higher than the intrinsic value of that stock, it is less likely to receive a hostile takeover bid. On the other hand, if the current market price of a stock is lower than the intrinsic value of that stock, it is more likely to receive a hostile takeover bid. The reason is that the intrinsic value is the decision-making tool for the investors, which helps the investors to invest in that company.

5 0

4 years ago