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Cloud [144]
2 years ago
9

Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. This includes TVC and TFC. We

also know that the firm employs 3 part-time workers at a wage cost of $200 per worker per week. This is the firm's only variable cost (TVC). What is the firm's average fixed cost (AFC) at this output
Business
1 answer:
ikadub [295]2 years ago
3 0

Answer:

$15

Explanation:

The computation of the average fixed cost is shown below:

As we know that

Average fixed cost is

= Total fixed cost ÷ Quantity

where,

Total fixed cost is

= Total cost - total variable cost

= $1,200 - $200 × 3

= $1,200 - $600

= $600

And the quantity is 40 products

So, the average fixed cost is

= $600 ÷ 40

= $15

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Alan works as a news anchor for a television network. In addition to his regular pay, at the end of each year, his company pays
nikdorinn [45]

Answer:

Benefit

Explanation:

Benefit is extra payment that an employee collects from an employer. It is paid in addition to the normal compensation that a person receives and serves as a way to improve their welfare and to motivate them to perform better.

Usually benefits are not performance based payment but based on membership of an organisation. They are usually paid seperate from normal compensation.

In this case Alan's company pays him and his co-workers additional compensation as a "thank you" for good work. This is a benefit.

5 0
2 years ago
Read 2 more answers
Sumner sold equipment that it uses in its business for $32,000. Sumner bought the equipment a few years ago for $79,000 and has
astra-53 [7]

Answer:

Loss= $7,500

Explanation:

<u>First, we need to calculate the book value of the equipment:</u>

<u></u>

Book value= purchase price - accumulated depreciation

Book value= 79,000 - 39,500

Book value= $39,500

<u>If the selling price is higher than the book value, the company made a profit by selling the equipment. </u>

<u></u>

Gain/loss= selling price - book value

Gain/loss= 32,000 - 39,500

Loss= $7,500

7 0
3 years ago
How much of the following is taxable? a. Cheline, an actress, received a $6,400 gift bag for attending the Academy Awards Ceremo
Bingel [31]

Answer:

A. $6,400

B. $240

C. $1,000,000

D. $30,000

Explanation:

Requirement A, C, and D:

Prizes and awards are taxable income for a taxpayer. Any awards or prizes won from the lottery or television should be added to the income. Therefore, the Winning lottery is a taxable income for Kerry, $1,000,000. Again, Receiving the award for scientific research is also taxable income for Deborah, $30,000.

The winning award for accomplishments is also a taxable income. So, receiving a $6,400 worth gift bag is a taxable income for Cheline.

Requirement B:

There is an exception if the award is for tangible property and a long-years of accomplishment. At that time, the taxpayers will be excluded from some part of the necessary amounts to be paid as tax. If it is not a qualified award, the exclusion will be $400. If it is qualified, the tax exclusion is 1,600. Since Jon received a gold watch for 25 years of service and the gift is not qualified, he has to pay tax for $(660 - 400) = $240.

6 0
3 years ago
Cardiac Science is a California-based company that makes defibrillators,heart monitors,and other medical equipment.It is prepari
Elden [556K]

The correct answer is A)  The name of the product, when translated into Greek, has an unintentional meaning.

Explanation:

In business, communication problems can emerge due to a difference in language that prevents the business from communicating appropriately its purpose, name, slogan, and from advertising its products. This mainly occurs if the translation does not reflect the original meaning or there are cultural features that create a barrier.

This situation occurs in "The name of the product when translated into Greek, has an unintentional meaning" because due to the lack of experience of the manager in Greece and the differences in language, she does not know how to communicate in Greek the name of the company, which creates a communicative barrier as Greek customers will not understanding the real meaning of the company.

5 0
3 years ago
A letter from Coulton Engineering Company dated September 12 is to be filed in the Coulton file. How should you arrange it in th
ArbitrLikvidat [17]
<span>C. By date with the latest date in the front of the folder </span>
4 0
3 years ago
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