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3 years ago

A person studying economics chooses to buy an economic textbook for their class, even though it means they

Business

2 answers:

hodyreva [135]3 years ago

8 0

Answer:

I think the answer is consequences and tradeoffs

Explanation:

galina1969 [7]3 years ago

7 0

Answer:

consequences and tradeoffs

Explanation:

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MC Qu. 90 Locus Company has total fixed costs... Locus Company has total fixed costs of $117,000. Its product sells for $51 per

irina [24]

Answer:

The correct answer is 7,020 units.

Explanation:

According to the scenario, the computation of the given data are as follows:

Fixed cost = $117,000

Selling price = $51

Variable cost = $26

Pretax income to earn = 50% of fixed cost

So, Pretax income = 50% × $117,000 = $58,500

So, we can calculate the units required by using following formula:

Units required = (Total fixed costs + Pretax income) ÷ (Selling price - variable cost)

= ($117,000 + $58,500) ÷ ( $51 - $26)

= 7,020 units.

6 0

4 years ago

You expect to receive annual gifts of $1,000 at the end of Years 1 and 2 and $1,500 at the end of Years 3 and 4. What is the cor

andrezito [222]

Answer:

PV of annuities =$3,021.53

Explanation:

<em>The present value of the annuity would be as follows;</em>

First annuity of $1000:

PV = A × (1- (1+r)^(-n)/r

PV = Present Value , r- rate of return, n-number of years

PV = 1000× (1- (1.06)^(-2)

PV= $1,833.39

The second annuity

PV = 1,500 x (1-1.06^(-2)× 1.06^(-2)= 1,188.140

PV = $1,188.140

PV of the annuities = $1,833.39 + $1,188.140 =$3,021.53

PV of annuities =$3,021.53

3 0

3 years ago

Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In

yawa3891 [41]

Answer: See explanation

Explanation:

1. The total, price, and quantity variances for materials will be:

Actual Production = 11250

Standard Quantity of Direct Material Required per unit = 8

Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000

Standard Price per Yard (SP) = 4.4

Actual Direct Material (AQ) = 90500

Actual Price per Pound (AP) = 4.15

Total Material Variance:

= (SP × SQ) - (AP × AQ)

= (4.40 × 90000) - (4.15 × 90500)

= 396000 - 375575

= 20425

Direct Material Price Variance:

= AQ × (SP - AP)

= 90500 × (4.40 - 4.15)

= 90500 × 0.25

= 22625 Favourable

Direct materials quantity variance:

= SP × (SQ - AQ)

= 4.40 × (90000 - 90500)

= 4.40 × -500

= -2200 Unfavourable

2. The total, price, and quantity variances for labor will be:

Actual Production = 11250

Standard Hours Required per unit = 1.2

Standard Hours required (SH) = 11250 × 1.20 = 13500

Standard Rate per Hour (SR) = 13.4

Actual Hours required (AH) = 14250

Actual Rate per Hour (AR) = 14.1

Total Labour Variance:

= (SR × SH) - (AR × AH)

= (13.40 × 13500) - (14.10 × 14250)

= 180900 - 200925

= -20025 Unfavourable

Dircet Labour RateVariance:

= AH × (SR - AR)

= 14250 × (13.40 - 14.10)

= 14250 × -0.7

= -9975 Unfavourable

Direct Labour efficiency variance:

= SR × (SH - AH)

= 13.40 × (13500 - 14250)

= 13.40 × -750

= -10050 Unfavourable

6 0

3 years ago

This line consists of single-machine stations and is almost balanced (i.e. station rates are nearly equal). A manufacturing engi

olga nikolaevna [1]

Answer:

119 fans

Explanation:

The computation of the estimated WIP is shown below:

= Average fans per hour × average hours

where,

Average fans per hour is

= 850 fans ÷ 20 hours

= 42.5 fans

And, the average hours is 2.8

So, the estimated WIP is

= 42.5 × 2.8

= 119 fans

We assume we have to find out the average estimated WIP level

3 0

3 years ago

The major features of the U.S. free enterprise system include:

Slav-nsk [51]

Answer:

D. limits on the government's role in the economy.

Explanation:

Free market enterprise refers to the economic model where demand and supply forces determine the products and services in the market and their prices. In this model, sellers have the freedom to select what business they want to start. Buyers have the option of picking their preferred products or services from many competing suppliers.

In a free market enterprise like the USA economy, the government's role is limited to regulation. The government may get involved in the provision of essential services and public goods. To a large extent, the free market economy is in the profit-motivated, private sector.

6 0

4 years ago