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3 years ago

Which of these is an example of a variable expense calculated in an organizational budget?

1 answer:

8 0

In an organizational budget, variable expenses are the total cost that depended on the amount of goods produced.
Example of variable expenses are:
- Raw material expenses
- Cost of plastic to make a handphone case
- Cost of carrots if the company is selling carrot pies
- etc

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When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing a. a viol

Oliga [24]

Answer:

c. the entry of new firms

Explanation:

The entry of the new firms in the market creating a market supply curves to shift to the right side and as the curve shifts the markets price then starts to decline with it

This declines the economic profits in the new and the existing firms as long as the profits exists in the markets and entry will continue to shift to supply to the right.

The diversification of the melt and the fall in the monopoly of the firms start to take place.

They take up resource ownership and technological developments. In short, they increase the competitiveness and bring rivalry into the market.

7 0

3 years ago

Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures h

a_sh-v [17]

The annual premium for Zack's house would be cheaper through AAA than Thompson’s Insurance.

<h3>How to calculate the annual premium of two companies? </h3>

AAA company is offering $0.36 per $100 of value.

Thompson company is offering $3.63 per $1,000 of value;

$\frac{3. 63 }{1000} \\=\frac{0.363}{100}$

Hence, 0.363 is higher than 0.36, which makes AAA company more beneficial for insurance.

Learn more about premium calculation here:

brainly.com/question/2644714

4 0

2 years ago

"If Jason receives his quarterly bonus of $3,000 and spends $2,100 on a computer and puts the rest in his savings account, what

snow_lady [41]

Answer: 0.70; 0.30

Explanation:

Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.

Increase in income = $3,000

Increase in spending = $2,100

Increase in savings = $3,000 - $2,100 = $900

MPC = $2,100/$3,000

= 0.70

MPS = $900/$3,000

= 0.30

7 0

3 years ago

Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 194,000 R

Alinara [238K]

Answer:

Cost of land = $220,400

Cost of building = $0

Explanation:

The computation of the land and the cost of the new building is shown below:

Cost of land = Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building

= $194,000 + $16,900 + $2,700 + $3,900 + $2,900

= $220,400

The cost of the new building would be zero as all the costs are allocated to the cost of the land. So, no cost is allocated to the cost of the new building

7 0

3 years ago

The state and local police departments are trying to analyze crime rates so they can shift their patrols from decreasing-rate ar

Mars2501 [29]

Answer:

= 0.008

Explanation:

Base on the scenario been described in the question , to develop a p-chart, first calculate as shown below:

P bar= total number of defective units from all samples /(number of samples ×sample size)

= 100/(12×1000)

= 100/12000

= 0.008

Thus, the p bar is 0.008

5 0

2 years ago