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Stells [14]
3 years ago
7

Concord is a nonprofit organization that captures stray deer bewildered within residential communities. Fixed costs are $10000.

The variable cost of capturing each deer is $10 each. Concord is funded by a local philanthropy in the amount of $56000 for 2020. How many deer can Concord capture during 2020?
Business
1 answer:
vitfil [10]3 years ago
6 0

Answer: 4600

Explanation:

The number of deer that Concord can capture during 2020 will be calculated thus:

Let the number of deers that'll be captured be represented by x.

Based on the information given in the question, we can form an equal which will be:

Fixed cost + Variable cost = Total cost

10000 + 10x = 56000

10x = 56000 - 10000

10x = 46000

x = 46000/10

x = 4600

Therefore, 4600 deers can be captured

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If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable c
Daniel [21]

Answer: B) the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

Explanation:

If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable cost, but it believes that the market demand for its product will increase soon, then the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

7 0
3 years ago
Read 2 more answers
Kathy is 48 years of age and self-employed. During 2018 she reported $538,000 of revenues and $107,600 of expenses relating to h
Fynjy0 [20]

Answer:

Contribute to individual 401(k) = $61,000

Explanation:

Given:

Revenue = $538,000

Expenses = $107,600

Find:

Contribute to individual 401(k)

Computation:

Contribute to individual 401(k) = $55,000

Kathy is younger then 50 years so, She have t pay $6,000 more:

So,

Contribute to individual 401(k) = $55,000 + $6,000

Contribute to individual 401(k) = $61,000

6 0
3 years ago
Bonds that may be exchanged for common stock at the option of the bondholders are called
Sedaia [141]

Answer: CONVERTIBLE BONDS

                           

Explanation: In simple words, convertible bonds refers to those fixed assets securities that could be converted into common stock on the discretion of the bondholders.

Such kind of securities is usually used by companies who are new to the market and wants to attract investors with maximum security of bonds as initial investment and maximum potential benefit as an option of converting bonds into common stock.

These types of bonds offer lower interest rates due to the embedded option of conversion.

4 0
3 years ago
Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value.
nalin [4]

Answer and Explanation:

d. 0.07 (7%)  

3 0
3 years ago
Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75
Allushta [10]

Answer:

Damien Carranza

Gross pay = $1.494.17

Explanation:

a) Data and Calculations:

Base annual salary = $31,750

Weekly base hours = 40 hours

We assume that there are 52 weeks in a calendar year.

Hourly rate = $31,750/(52 weeks * 40 hours) = $15.26442 per hour

Overtime worked = 4 hours

Overtime rate = 4 * $31,750/2,080 * 1.5 = $91.59

Weekly base pay = 40 * $31,750/2,080 = 610.58

Commission = $26,400 * 3% =                 792.00

Gross pay =                                            $1,494.17

b) Since Damien is a non-exempt employee, he is entitled to earn the federal minimum wage and qualify for overtime pay.  This is calculated as one-and-a-half times his hourly rate, for every hour worked above and beyond the standard 40-hour workweek.  The gross pay is Damien's total earnings throughout the week before deductions for mandated taxes, health insurance, retirement, and Medicare contributions are made.

7 0
3 years ago
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