Answer:
Fixed cost per units= $2.14
Explanation:
Giving the following information:
Rent= $5,000
Direct labor= $2,500
Usually, direct labor is a variable cost that varies with production.<u> In this case, I will consider it a fixed cost.</u>
F<u>irst, we need to calculate the total fixed costs:</u>
Total fixed cost= 5,000 + 2,5000= 7,500
<u>Now, the fixed cost per unit:</u>
Fixed cost per units= 7,500/3,500
Fixed cost per units= $2.14
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,752 + 3.87x
where y = total cash wash costs and x = rental returns
fixed costs = $2,752 per month
variable cost = $3.87 per car washed
1. The correct answer is Medicaid.
Medicaid is a distribution program that provide assistance to those who are disadvantaged or unemployed.
Medicaid provides health coverage or nursing home coverage to certain categories of low-asset people, these includes pregnant women, parents of eligible children, people with disabilities and the elderly.It covers doctor visits, hospital expenses, nursing home care, home health care, etc.
2.The answer is Education
Education is the redistribution programs that can significantly increase the level of output of a nation by improving the human capital and efficiency of the workforce. The education and training of a country's workforce is a major determiner of how well the country's economy will perform. It is important to understand that globalization and international trade requires countries and their economies to compete with each other. Economically successful countries will hold competitive and comparative advantages over other economies.
3. The characteristic of a public good would be ; the cost to build it is the same, regardless of how many people use it.
A public good is a shared good or service for which it would be impractical to make consumers pay individually and to exclude non payers; any number of consumers can use them without reducing the benefits to a single consumer. In other word it is something that we need and makes life better, that the free market won't provide; for example roads, dams, lighthouses, etc.
Answer:
Explanation:
When a payment is made to somebody, you debit the receiver of that payment and credit Cash or Bank as money is paid from cash or by means of cheque. When money or cheques are received, you credit the person who is paying you and you debit the cash or bank.
