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3 years ago

15

If a buyer's willingness to pay for a new Honda is $30,000 and she is able to actually buy it for $28,000, her consumer surplus

is

1 answer:

dalvyx [7]3 years ago

8 0

Answer:

$2,000

Explanation:

Calculation to determine the consumer surplus

Consumer surplus=$30,000-$28,000

Consumer surplus=$2,000

Therefore consumer surplus is $2,000

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During the month of April, direct labor cost totaled $9,750 and direct labor cost was 30% of prime cost. If total manufacturing

MatroZZZ [7]

Answer:

manufacturing overhead= $42,000

Explanation:

Giving the following information:

Direct labor= $9,750 (30% of prime costs)

Total manufacturing costs= $74,500

<u>First, we need to determine the direct material costs. We know that prime costs are the sum of direct labor and direct material.</u>

Prime costs= direct labor / 0.3

Prime costs= 9,750 /0.3

Prime costs= $32,500

Direct material= 32,500 - 9,750

Direct material= $22,750

<u>Now, we can calculate the manufacturing overhead:</u>

Total manufacturing costs= direct labor + direct material + manufacturing overhead

74,500 = 9,750 + 22,750 + manufacturing overhead

manufacturing overhead= $42,000

8 0

3 years ago

?_____ are responsible for the creation of tactical plans. ?first-level managers ?top managers ?chief financial officers ?middle

ella [17]

Middle Managers are responsible for the creation of tactical plans. Middle managers are those people who are in the senior management position. Main roles of middle managers is to make a strategy for the company making sure that the company focus on their goals and targets. The middle managers should also provide quick results is solving the company’s problems.

4 0

3 years ago

Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward

lesantik [10]

Answer:

takeoff

Explanation:

Takeoff is a stage marked by rapid economic growth based upon a few key economic industries or sectors, such as steel, railroads, textiles, and food production. Drive to maturity is a stage where the economy continues to grow and to diversify from the handful of industries that drove growth in the previous stage.

6 0

3 years ago

What is the money multiplier when the reserve requirement is

Katyanochek1 [597]

Answer:

Money multiplier= 1 / reserve requirement

a. Reserve requirement = 0.09

Money multiplier = 1 / 0.09

Money multiplier = 11.11

b. Reserve requirement = 0.25

Money multiplier = 1 / 0.25

Money multiplier = 4

c. Reserve requirement = 0.12

Money multiplier = 1 / 0.12

Money multiplier = 8.33

d. Reserve requirement = 0.04

Money multiplier = 1 / 0.04

Money multiplier = 25

3 0

3 years ago

Wild Swings Inc.’s stock has a beta of 2.5. If the risk-free rate is 6% and the market risk premium is 7%, what is an estimate o

Bess [88]

Answer:

r = 0.235 or 23.5%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

rRF is the risk free rate

rpM is the market return

r = 0.06 + 2.5 * 0.07

r = 0.235 or 23.5%

3 0

3 years ago