Answer:
Total variable cost= 90,000
Total fixed costs= 8,000
Total costs= $98,000
Explanation:
Giving the following information:
Production of 15,000 units:
Fixed costs= $8,000
Total variable cost= $75,000
We have no reason to believe that the fixed costs will change. If 18,000 units remain in the relevant range, the fixed costs are constant.
<u>We need to calculate the unitary variable cost:</u>
Unitary variable cost= 75,000/15,000= $5
Now, for 18,000 units:
Total variable cost= 5*18,000= 90,000
Total fixed costs= 8,000
Total costs= $98,000
Answer: The efficient outcome is to have the security system installed. After the meeting the security system will <em><u>be installed</u></em>, which illustrates the <em><u>free rider problem.</u></em>
Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.
∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.
Answer:
The answer is: Gross profit = $2,788
Explanation:
- Feb. 1 Purchase 110 units $46 per unit
- March 14 Purchase 190 units $48 per unit
- May 1 Purchase 135 units $ 50 per unit
312 units were sold at $64 per unit, tax rate is 30%
Using FIFO, what is the company's gross profit? We first calculate COGS
Cost of goods sold - 312 units:
- 110 units at $46 per unit = $5,060
- 190 units at $48 per unit = $9,120
- 60 units at $50 per unit = $3,000
Total COGS = $17,180
<u>Income statement for Hogan Industries 2017</u>
Total revenue $19,968
<u>COGS ($17,180) </u>
Gross profit $2,788
<u>Taxes 30% ($836.40) </u>
Net profit $1,951.60
Much to the chagrin of established firms, one clear super trend is that products and services must get to market faster because "more competitors are offering targeted products."
This is because it has been observed that several start-ups firms offer similar products to what the established firms are had as a business idea. Not only that, but they also target the same group of consumers.
Therefore, to remain top of the game and beat the startups out of business, the established firms must ensure their business ideas are quickly turned into products or services and get to the market faster.
Otherwise, the startups will take over their business ideas and a huge part of their targeted consumers.
Hence, in this case, it is concluded that the established firms must be proactive if they want to remain above the rest of their competitors.
Learn more here: brainly.com/question/17557971
Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
I hope this helps
