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ZanzabumX [31]
3 years ago
9

The tennis club where you play tennis charges $50.00 per month and $10.00 per hour of court time. If your current month's bill i

s $100.00, how many hours of court time did you use
Business
1 answer:
leonid [27]3 years ago
7 0

Answer:

5 hours

Explanation:

Data provided in the question

Per month tennis charges = $50

Court time per hour = $10

Current month bill = $100

By considering the above information we can find out the variable expense that is shown below:

= Current month bill - per month tennis charges

= $100 - $50

= $50

So, the number of court time hours usage is

= $50 ÷ $10

= 5 hours

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Suppose the economy is currently in short run macroeconomic equilibrium, with actual GDP bigger than potential GDP.
krek1111 [17]

Answer:

attached below

Explanation:

Given that the economy has its actual GDP > potential GDP

<u>A) using AD-AS to depict the situation </u>

attached below is the graph

The gap( Lf - L1 )  is called <em>inflationary gap </em>

x-axis <em>= </em>real GDP ,  Y-axis = price level,

AD = aggregate demand curve , S = short run aggregate supply curve

L = long run aggregate supply curve,

B) In the long run the<em> graph </em>will adjust to the full employment level

attached below is the graph

5 0
2 years ago
Best Bagels, Inc. (BB) currently has zero debt. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero gro
nevsk [136]

Answer:

b. 11,001; $28.85

Explanation:

EBIT $100,000

zero growth rate

Cost of equity (Re) 13%

tax rate 40%

20,000 common stocks outstanding at $23.08

they want to change from 100% equity to 45% debt and 55% equity

WACC = 10.4%

new value of operations $576,923

PP's value of operations = {$100,000 x (1 - 40%)} / WACC = $576,923

the new stock price should = $576,923 / 20,000 stocks = $28.84615

Stock price will be $28.846

approximately $259,615 / $28.846 = 8,999 stocks should be repurchased

number of stocks remaining after the repurchase = 20,000 - 8,999 = 11,001

total capitalization = $317,308 / 11,001 stocks = $28.84 ≈ $28.85 per stock

4 0
3 years ago
Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'
Yanka [14]

Answer:

The correct answer to the given question is Relevant range.

Explanation:

Relevant range , in accounting , can be defined as that amount of activity or range of volume where company's fixed expenses would not differ as the volume of activity changes. This term has relevance with the fixed cost, as if a company's volume decreases then company would try to decrease their fixed cost and similarly if the volume increases the company's fixed expenses would also increase.

5 0
2 years ago
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if
kotykmax [81]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per mile = (High Operating cost - low operating cost) ÷ (High miles - low miles)

= ($845 - $625) ÷ (3,350 miles - 2,250 miles)

= $220 ÷ 1,100 miles

= $0.2 per miles

Now the fixed cost equal to

= High operating cost - (High miles × Variable cost per miles)

= $845 - (3,350 miles × $0.2 per miles)

= $845 - $670

= $175

And, the contribution margin income statement is presented below:

Sales (1,400 × $0.6)                                         $840

Less: Variable cost (1,400 × $0.2)                ($280)

Contribution margin                                        $560

Less: Fixed cost                                               ($175)

Net  operating income                                    $385

5 0
3 years ago
If the company also has $1,000 of petty cash on hand (recorded in a separate account), what total amount should the company repo
vredina [299]

Answer:

Explanation: from the above question, the total of cash and cash equivalent to be recorded in the balance sheet includes all cash balances in the bank and cash balance in the petty cash account.

From the above question, the cash and cash equivalent balance as at April 30 is $1,000 plus all bank balances as at that date.

4 0
2 years ago
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