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Naily [24]
3 years ago
8

Table 1 contains information about a small business for one month. The business

Business
2 answers:
alexira [117]3 years ago
8 0

Answer:

Profit during month =   £22,200

Explanation:

Given:

Number of unit sold = 270

Fixed costs  = £2,100

Variable costs (per unit)  = £110

Sales price (per unit)  = £200

Find:

Profit during month

Computation:

Total sales value = Number of unit sold x Sales price (per unit)

Total sales value = 270 x £200

Total sales value = £54,000

Total Variable costs value = Number of unit sold x Variable costs (per unit)

Total Variable costs value = 270 x £110

Total Variable costs value = £29,700

Profit during month = Total sales value - Total fixed cost - Total Variable costs value

Profit during month =  £54,000 -  £2,100 -  £29,700

Profit during month =   £22,200

8090 [49]3 years ago
7 0

Answer:

workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...

Explanation:

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Answer:

a. How many pounds of potatoes will she purchase?

3 pounds

Janice will purchase potatoes as long as the value she assigns to them is higher than the price of potatoes. She values the first 3 pounds at more than $1 per pound. But Janice only values the subsequent pounds of potatoes at $0.30 per pound and that is lower than their price.

b. What if she only had $3.00 to spend?

she would still buy the 3 pounds

5 0
3 years ago
Finland Inc has the following Accounts Receivable Aging on March 31 Aging BucketCurrent1-90 days91-180 days181-365 days366 days
NISA [10]

Answer:

$32,250

Explanation:

Aging Bucket       Amount Outstanding

Current                 300,000

1-90 days              180,000

91-180 days          100,000

181-365 days        50,000

366+ days             <u>15,000</u>

Total                      <u>$645,000</u>

<u />

Total accounts receivable at the end of March = $645,000

Percentage uncollectible = 5%

Required reserve at the end of March = Total accounts receivable at the end of March * Percentage uncollectible

Required reserve at the end of March = $645,000*5%

Required reserve at the end of March = $32,250

5 0
3 years ago
Peter was hired as an external consultant to review the streamlining of production processes at a company. In his final report,
lutik1710 [3]
B is the correct answer because specialization of labor will result in higher productivity, which means each worker gives higher output each hour
8 0
3 years ago
What happens to the price and the number of goods and services sold when a store runs a sale? How do these factors relate to the
Mila [183]

Answer:

Price decreases and demand increases

Explanation:

After achieving a required profit, stores usually start to sell their products on sale. A sale is an opportunity for the buyers to buy goods and services at low prices. Price and demand have an inverse relationship, that is why, on sale, the price decreases and moves the point down, whereas, the increase in the demand moves the point up.

5 0
4 years ago
IPS Corp. will upgrade its package-labeling machinery. It costs $850,000 to buy the machinery and have it installed. Operation a
katrin [286]

Answer:

The future worth of cost of the machinery is –$8,227,391.25.

Explanation:

The value of an amount of money at a particular interest rate at some point in the future is referred to as future worth.

Note: See the attached excel file for the calculation of the future worth of cost of the machinery.

In the attached excel file, the discounting factor for each year is calculated as follows:

Discounting Factor = (100% + Interest)^Remaining years ………………. (1)

Where:

Interest = 25%

Remaining years = 10 – Number of current year

In the attached excel file, we have:

Total future worth =  (8,227,391.25) = –$8,227,391.25

Therefore, the future worth of cost of the machinery is –$8,227,391.25.

Download xlsx
8 0
3 years ago
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