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Anastaziya [24]
3 years ago
9

"Gamboa, Inc. sold 100 selfie sticks for $25 each. If the selfie sticks had an average cost of $1 to produce, how much profit di

d the company make
Business
1 answer:
IRISSAK [1]3 years ago
5 0

Answer:

$2400

Explanation:

Average cost is the ratio of total cost of production to the total number of units produced, it is the sum of both the average fixed cost and the average variable cost. The average cost is given by the formula:

Average cost = Total cost / number of units.

Given that:

The total number of units produced = 100 selfie sticks, Average cost = $1 and Price of each selfie stick = $25

From Average cost = Total cost / number of units.

Substituting gibes:

$1 = Total cost / 100 selfie stick

Total cost = $1 × 100 = $100

Total cost = $100

Revenue = Price per item × Number of items

Revenue = $25 × 100 = $2500

Profit = Revenue - Total cost

Profit = $2500 - $100 = $2400

Total cost = $2400

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The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holmes believes it could issue ne
Marina86 [1]

Answer: 8.45%

Explanation:

From the question, we are informed that Holmes Company's currently has an outstanding bonds and has a 8% coupon and a 13% yield to maturity.

We are further told that Holmes believes it could issue new bonds at par that would provide a similar yield to maturity and that its marginal tax rate is 35%.

Holmes's after-tax cost of debt will therefore be calculated as:

= Yield to maturity × (1 - Marginal tax rate)

= 13% × (1 - 35%)

= 13% × (65%)

= 0.13 × 0.65

= 0.0845

= 8.45%

7 0
3 years ago
Which measurements is the same length as 1 meter
vampirchik [111]

Answer:

A yard.

Explanation:

It is roughly about the same length as a meter.

8 0
2 years ago
Read 2 more answers
Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of
Vika [28.1K]

Answer:

b. not have to pay taxes on her withdrawal

Explanation:

Options are <em>"a. pay $6,000 in taxes b. not have to pay taxes on her withdrawal, c. have to pay payroll taxes. d. have to pay a 10% penalty on her withdrawal."</em>

<em />

For the year 2020, if the age of the person making the withdrawal is more than 59 1/2 years and the balance in Roth IRA account is kept for more than 5 years then, the funds in such account can be withdrew without any taxes and penalties and that too without any conditional requirements.

6 0
3 years ago
Which of the following is not correct? Group of answer choices Natural monopolies are often subject to regulation. Public owners
alexandr1967 [171]

Answer: Public ownership is the most common and effective public policy toward monopolies in the United States

Explanation:

A natural monopoly is a monopoly that occurs as a result of the company having an economies of scale and also due to the huge amount of money required for its investment. These monopolies are subject to regulation.

Also, sometimes the best public policy toward a monopoly is to do nothing. Lastly, antitrust laws may prevent mergers that would actually raise social welfare.

Therefore, based on the question asked, the answer is option B.

8 0
2 years ago
a random sample of 65 high school students has a norma distribution. The smple mean average ACT exam score was 21.4 with a 3.2 s
gulaghasi [49]

Answer:

90% Confidence interval:   (20.7376 ,22.0624)

Explanation:

We are given the following information in the question:

Mean, μ = 21.4

Standard Deviation, σ = 3.2

Sample size, n = 65

We are given that the distribution of ACT exam score is a bell shaped distribution that is a normal distribution.

90% Confidence interval:  

\bar{x} \pm t_{critical}\displaystyle\frac{s}{\sqrt{n}}  

Putting the values, we get,  

t_{critical}\text{ at degree of freedom 64 and}~\alpha_{0.10} = \pm 1.669 

21.4 \pm 1.669(\frac{3.2}{\sqrt{65}} ) = 21.4 \pm 0.6624 = (20.7376 ,22.0624)

3 0
2 years ago
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