1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimaraw [331]
3 years ago
8

Bannister Co. is thinking about having one of its products manufactured by a subcontractor. Currently, the cost of manufacturing

1,000 units is: Direct material $ 45,000 Direct labor 30,000 Factory overhead (30% is variable) 98,000 If Bannister can buy 1,000 units from an outside supplier for $100,000, it should:
Business
1 answer:
ratelena [41]3 years ago
5 0

Answer:

Production total cost= $104,400

It is more profitable to buy the product.

Explanation:

Giving the following information:

Production costs (1,000 units):

Direct material $ 45,000

Direct labor $30,000

Factory overhead (30% is variable) 98,000

Buy:

1,000 units from an outside supplier for $100,000.

<u>I will assume that the fixed overhead is not avoidable, therefore it should not be taken into account for the decision making.</u>

Production total cost= 45,000 + 30,000 + (98,000*0.3)

Production total cost= $104,400

It is more profitable to buy the product.

You might be interested in
Consider the market for mobile applications, smartphones, and conventional phones. For each pair, identify whether they are comp
Bogdan [553]

Answer and Explanation:

The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another

Based on this, the classification is as follows

1. Complementary goods

2. Substitute goods

3. Substitute goods

The above represents the classifications

8 0
3 years ago
Anthony votes in favor of a bill which would prevent people above a certain level of income from being able to purchase subsidiz
Fynjy0 [20]

Answer:

Letter C is correct.<u> Social Justice Theory.</u>

Explanation:

The most suitable alternative for this issue is letter c, Theory of Social Justice.

This theory refers to an ethical and political philosophy that states that there is justice beyond those recognized by the economic law of supply and demand, civil and criminal law, and the social and moral rules and structures of society. According to this theory, social justice refers to relationships that must be fair to all groups in society, that is, all people must have equal access to health, well-being, justice, opportunities, etc., regardless of their conditions. political, economic or other.

Social justice theory can punish or favor individuals regardless of their characteristics, choices or actions.

In the above question, we can say that social justice is adequate, because in economic terms, it is able to grant opportunities, redistribution of wealth and income to groups considered oppressed by certain oppressors.

8 0
3 years ago
The opportunity cost of going to college is a. the total money spent on food, clothing, books, transportation, tuition, lodging,
kogti [31]

Answer:  the value of the best opportunity a student gives up to attend college

Explanation: Opportunity cost is the cost of loosing benefits that one could have received if he or she would have chosen one alternative over the other. Usually the chosen alternative is the best and the rejected one is the second best.

Therefore, if a student decides to get to college the other opportunities that he might have chosen like doing a job or business is his opportunity cost.

Hence from the above we can say that the right option is B.

6 0
3 years ago
Read 2 more answers
Because of a chronic water shortage in California, new athletic fields must use artificial turf or xeriscape landscaping. If the
Colt1911 [192]

Answer: <em><u>Developers can spend $55316.9</u></em>

Explanation:

EAR =[e^{Annual percentage rate} -1]\times 100

Effective Annual Rate=(e^{(9/100)} -1)\times 100

Effective Annual Rate% = 9.42

PV_{Ordinary Annuity} = C\times [\frac{(1-(1+\frac{i}{100} )^{-n} )}{(i/100)} ]

where;

C = Cash flow per period

i = interest rate

n = number of payments

PV = 3500\times [\frac{(1-(1+\frac{9.42}{400} )^{-5\times 4} )}{(9.42/400)} ]

PV =  $55316.9

7 0
3 years ago
You recently purchased 100 shares of stock at a cost per share of $24.80. The initial margin requirement on this stock is 80 per
ANEK [815]

Answer:

Current Margin = 74.95%

Explanation:

given data

no of share purchased = 100 shares

Stock Cost per share = $24.80

initial margin = 80 percent

maintenance margin = 50 percent

currently valued = $19.80

solution

we get here first Margin Loan that is express as

Margin Loan = No. of shares × Stock Cost × (1 - Initial Margin)    ..........1

put here value and we get

Margin Loan = 100 × $24.80 × (1 - 0.80)

Margin Loan = $496

so here current stock value that is express as

current stock value = No. of Shares × Current Stock Value    ..............2

put here value

current Stock Value = 100 × $19.80

current Stock Value = $1,980  

so here Current Equity is

Current Equity = Current Stock Value - Margin Loan    ............3

Current Equity = $1,980 - $496

Current Equity = $1,484  

so here as we get Current Margin that is

Current Margin = Current Equity ÷  Current Stock Value   ............4

put here value

Current Margin = \frac{1484}{1980}  

Current Margin = 74.95%

5 0
2 years ago
Other questions:
  • A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when
    5·1 answer
  • Can a person’s general attitude toward risk be applied to his/her approach to investing
    13·1 answer
  • The gestalt principles of organization ____.
    6·1 answer
  • The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple
    6·1 answer
  • Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin
    11·1 answer
  • Q 2.16: according to the historical cost principle, if an asset costs $50,000 when it was purchased, it would be recorded at its
    11·1 answer
  • Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after t
    11·1 answer
  • Fraternity is protected under the ..
    5·1 answer
  • Why do you think an entrepreneur might choose to keep a business small rather than expand it?​
    6·1 answer
  • A __________ offers a huge selection of one type of product (such as books, toys, or sporting goods) to dominate that category o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!