Six acres of prime undeveloped property are sold for $2.25 per square foot. The buyer should pay $588060
It is calculated as:
1 acre= 43560 sq ft.
Therefore 6 acre = 43560*6 = 261360 sq ft.
Property is sold for $2.25 per sq. ft
Therefore the price is calculated by multiplying the rate of per sq ft with the total sq ft area.
= 261360* $2.25
=$588060
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Answer:
financial advantage: $3 per unit on average
Explanation:
total production cost $22
- Direct materials $8
- Direct labor $7
- Variable manufacturing overhead $1
- Fixed manufacturing overhead $6
outside supplier offered 7,000 units at $16 per unit
50% of fixed costs can be eliminated
produce the item purchase the item
units 7,000 7,000
purchase price $112,000
production cost $154,000
<u>unavoidable costs $21,000 </u>
total $154,000 $133,000
net savings $21,000
savings per unit $3
Answer:
b) false
Explanation:
On its website, the SBA states its objective as "We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business."
The SBA does not actually lend to small businesses but connects them with lenders. Apart from this, they offer many other services that an entrepreneur requires to start off his or her business. They offer business planning, coaching, advice, and support at every stage of the business as it continues to grow and guarantee lending to small businesses. The SBA does not turn down any entrepreneur.
Answer:
OPTION D
Explanation:
Value analysis refers to the approach to maximizing a product or process's value by recognizing its constituent components and the associated costs. It then seeks to find changes to the elements either through lowering their expense or by growing the feature worth.
Under this method, roles can be categorized into a pyramid, beginning with a fundamental aspect that the consumer thinks they are paying for, and then secondary functions that support the basic function.
Answer:
Break-even point (units)= 475,000/ (131 - 93)= 12,500 units
AA= 12,500*0.6= 7,500
BB= 12,500*0.4= 5,000
Explanation:
Giving the following information:
Wide Open Industries Inc. has fixed costs of $475,000.
AA
Selling Price= $145
Variable Cost= $105
Contribution Margin per Unit= $40
BB
Selling Price= 110
Variable Cost= 75
Contribution Margin per Unit= 35
The sales mix for products AA and BB is 60% and 40%, respectively.
Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
weighted average selling price= 145*0.6 + 110*0.4= 131
weighted average variable expense= 105*0.6 + 75*0.4= 93
Break-even point (units)= 475,000/ (131 - 93)= 12,500 units
AA= 12,500*0.6= 7,500
BB= 12,500*0.4= 5,000