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3 years ago

Which of the following best characterizes the factors involved in a cost-benefit analysis?

Business

1 answer:

artcher [175]3 years ago

3 0

Answer:

The option there are both monetary and non-monetary considerations that must be taken into account, is the best option that characterizes the factors involved in a cost-benefit analysis.

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Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per

IgorC [24]

Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

So revenue = 20×$10 = $200

Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

So total cost= Fixed cost + Variable cost = 100 + 60 =$160

So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

6 0

3 years ago

Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,

wolverine [178]

Answer:

the average number of customers awaiting repairs = 0.30

the system utilization = 42

the amount of time that the repairman is not out on a call is = 4.64 hours

the probability of two or more customers in the system = 0.1764

Explanation:

Given that :

Repair time, including travel time = mean of 1.6 hours per call.

Requests for copier repairs = mean rate of 2.1 per eight-hour day

i.e mean rate R = 2.1/day

Time = 8 hours

thus; mean rate μ = 8 hours/ 1.6 hours = 5

(a)

Let the average number of customers awaiting repairs be $I_i$ :

$I_i = \dfrac{R^2}{\mu (\mu-R)}$

$I_i = \dfrac{2.1^2}{5 (5-2.1)}$

$I_i = \dfrac{4.41}{5 (2.9)}$

$I_i = \dfrac{4.41}{14.5}$

$\mathbf{I_i = 0.30}$

the average number of customers awaiting repairs = 0.30

(b) Determine system utilization.

The system utilization is determined as follows:

$\delta = \dfrac{R}{\mu}$

$\delta = \dfrac{2.1}{5}$

${\delta = 0.42}$

$\mathbf{\delta = 42}$

Percentage of Idle time = 1 - $\delta$

Percentage of Idle time = 1 - 0.42

Percentage of Idle time = 0.58

However during an 8 hour day; The amount of time that the repairman is not out on a call is = 0.58 × 8 = 4.64 hours

(d)

the probability of two or more customers in the system by assuming Poisson Distribution is:

P(N ≥ 2) = 1 - (P₀+ P₁)

where;

P₀ = 0.58

P₁ = 0.58 × 0.42 = 0.2436

P(N ≥ 2) = 1 - ( 0.58 + 0.2436)

P(N ≥ 2) = 1 - 0.8236

P(N ≥ 2) = 0.1764

Thus; the probability of two or more customers in the system is 0.1764

7 0

4 years ago

Of the following process costing steps, which must be done last? A. Compute the equivalent units of production.B. Compute the co

aalyn [17]

Answer: The correct option is B. Compute the costs per equivalent unit of production is the step that must be taken at the end of the costing process.

Explanation: In order to calculate the cost per unit, we must know the costs and the equivalent units first.

3 0

4 years ago

Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inve

Aleonysh [2.5K]

Answer:

Option B- $63510 is the correct option.

Explanation:

Remember that:

Net Working Capital = Current Assets - Current Liabilities

Current assets includes receivables, cash and inventory, and current liabilities include accounts payable, short term notes payable and accrued taxes.

Putting value of current assets and current liabilities, we have:

Net Working Capital = ($47,199+$63,781+$21,461) - ($51,369+$11,417+$6145)

Net Working Capital = $132,441 - $68931 = $63,510

So the option B is the correct option.

7 0

4 years ago

Union dues, fees for tax return preparation, and other miscellaneous expenses are:

3241004551 [841]

Deductible for the amount that exceeds 2% of gross income

4 0

3 years ago