Answer:
B) No. Educators have a right under the "fair use doctrine" to make limited use of copyrighted materials.
Explanation:
Copyright fair use guidelines allow teachers to use copyright material without the permission of the copyright holder. This material has to be used under certain guidelines and for specific purposes.
Fair use guidelines also include reporters, researchers, critic reviews, and for comedy or parody purposes.
Based on this graph, the top 20 percent of the population consists of Top 1% and Next 19%. from the diagram above you can estimate that Top 1% has nearly 35% and Next 19% has nearly 55%.
Then the top 20% of the population hold about 35%+55%=90%.
Answer: correct choice is D.
Answer:
Adriana Corporation
Using the High and Low method the Variable and Fixed portions of the Total Cost is:
Fixed Costs = $247,420
Variable Costs = $39.50 Per unit x 8,020 Machine Hours = $316,790
B. at an average of 7,500hrs Machine hours, the estimated Overhead costs = $247,420 x (39.50 x 7,500)
= $543,670
Explanation:
The High and Low Method is a costing method which attempts to split the mix of Fixed and Variable costs in a mixed Total cost of production by looking at one element of variability (in this case Machine Hours)
It is a subjective approach, however simple to calculate. Other method is the regression analysis, which is more complex in comparison to the high and Low
The attached excel file shows how we derived the Variable and Fixed Costs element of the Overhead Costs
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Answer:
4,444.44 units
Explanation:
For the computation of Number of units to be sold to earn target profit first we need to follow some steps which are shown below:-
Selling price per unit = Sales ÷ Number of units sold
= $300,000 ÷ 5,000
= $60
Variable cost per unit = Total variable cost ÷ Number of units sold
= $180,000 ÷ 5,000
= $36
Increase in selling price = $60 × 5%
= $3
New selling price per unit = $60 + $3
= $63
New contribution margin per unit = New selling price per unit - Variable cost per unit
= $63 - $36
= $27
Number of units to be sold to earn target profit = (Fixed cost + Target profit) ÷ Contribution margin per unit
= ($90,000 + $30,000) ÷ $27
= $120,000 ÷ $27
= 4,444.44 units
Answer:
Firm should operate.
Explanation:
Here, we are assuming that this is a situation of short run.
A firm will operate or shut down is totally dependent upon whether the firm will be able to cover its variable cost of not. If a firm will be able to cover all of its variable cost then this firm will not shut down and operates in the short run until it covers all of its variable costs.
In this case, given that,
Total revenue = $1,000
Total cost = $1,500
Variable cost = $500
Profits = Total revenue - Total cost
= $1,000 - $1,500
= -$500
Therefore, this clearly shows that this firm will be able to cover its variable cost of $500 with the total revenue of $1,000. That's why the firm remains in the market even there is a loss of $500.
Hence, this firm should operate.