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Andrew [12]
3 years ago
5

Economics (FoolProof)

Business
1 answer:
SOVA2 [1]3 years ago
6 0

Answer:True

Explanation:

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Page 149 5.1 End of Chapter Problems Assume that the managers of the Fort Winston Hospital are setting the price on a new outpat
bixtya [17]

Answer:

Break even = $50 per visit

$100,000 profit = $60 per visit

Explanation:

In order to break even, the total revenue of the expected 10,000 visits must equal the costs necessary to perform them. The cost per visit is the only variable cost with the others being fixed costs:

10,000*P = 10,000*5 + 50,000+500,000\\P-5 = \frac{550,000}{10,000}\\P=\$50

In order to break even, the hospital must charge $50 per visit.

In order to earn an annual profit of 100,000, That profit must be spread out over the 10,000 visits, the profit required per visit is:

P_v = \frac{100,000}{10,000}\\P_v = \$10

Since the break even price is $50, the hospital must charge $60 to earn an annual profit of $100,000.

8 0
3 years ago
Xylon Corp. has contracts to complete weekly supplements required by forty-six customers. For the year 2015, manufacturing overh
Alina [70]

Answer:

the cost per overhead rate and the inspection cost allocation is $0.08 per page and $190 respectively

Explanation:

The computation is shown below;

The cost per overhead rate is

= $840,000 ÷ 10,000,000

= $0.08 per page

The inspection cost allocated to Money Managers is

= $80,000 ÷ 16,000 × $38

= $190

hence, the cost per overhead rate and the inspection cost allocation is $0.08 per page and $190 respectively

The same would be considered and relevant too

7 0
3 years ago
Set any Two interview questions that are relevant to the above-mentioned vacancy and outline your roles as the interviewer durin
Nastasia [14]

Answer:

Role of interviewer during interview, Two interview questions relevant to any vacancies -

Explanation:

Two important questions

  • Introduce yourself : This helps analysing the core personality traits of the candidate, which highlights his suitability or non suitability for the job
  • Why do you want to perform this job : This will help in analysing the depth of dedication the candidate has for the work profile, which would hence depict is expected level of hard work & sincerity.

Role of Interviewer :

  • Analysing the candidate's personal & professional traits, which are of significance to the job performance
  • Explaining the candidate about their organisation, its rules & norms, his expected work profile authority & responsibility etc
5 0
3 years ago
Which of the following is a criticism of the national income and product accounts?
jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

 

<span>The National Income and Product Accounts or NIPA is one of the main sources of the data on general economic activity in the United States. The greatest drawback to this is that it is only a prediction, it does not really reflect all the acitivities.</span>

4 0
3 years ago
Scenario 34-2. The following facts apply to a small, imaginary economy.• Consumption spending is $6,720 when income is $8,000. •
KengaRu [80]

A stock-market boom stimulates consumer spending by $550, and there is a small operative crowding-out effect.

Option A

<u>Explanation: </u>

Increasing consumption, i.e. further consumer spending, will result in increased overall demand for goods and services. Therefore, if spending decreases, i.e. if interest rates decline, demand will increase with development in technologies and increase output. And demand is going to rise.  

The rate of interest is falling, resulting in a higher real balance for the economy. This boosts aggregate demand, which improves revenue and spending efficiency. Often, the demand curve will change left if the money supply declines.

Effect of increasing public spending, Increased government budgets are likely to increase total demand (AD).

8 0
4 years ago
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