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sdas [7]
3 years ago
6

Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.

Business
1 answer:
murzikaleks [220]3 years ago
7 0

Answer: $2.78

Explanation:

Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.

Average variable cost = Variable cost of producing 18 sneakers / 18

= 50 / 18

= 2.7778

= $2.78

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Knowledge management is most popular among businesses in
Bingel [31]
Knowledge management is the the way how knowledge is captured, organized, distributed and effectively used. It is a whole process of managing knowledge that is very important for the success of the business because it builds learning organizations by making learning routine, facilitates decision-making capabilities and stimulates cultural change and innovation. It should be part of every type of business. However, KM is mos popular among business in the business administration, management, health, information systems and services.
7 0
3 years ago
Shiva returns goods worth Rs.2000 and received cash Rs.8000 ?​
Reika [66]

Answer:

When goods were sold to Shiva :

Shiva A/C   Dr   Rs.10,000

   To Sales A/C    Rs.10,000

(Being goods sold to Shiva)

When goods are being returned by Shiva :

Sales Returns A/C   Rs.2000

   To Shiva A/C   Dr    Rs.2000

(Being goods returned by Shiva)

When Cash is received from Shiva :

Cash A/C  Dr    Rs.8000

  To Shiva A/C   Rs.8000

(Being Cash received from Shiva)

HOPE THIS HELPS!!!

MARK IT AS BRAINLIEST!!!

6 0
3 years ago
Bruce & Co. expects its EBIT to be $100,000 every year forever. The firm can borrow at 11 percent. Bruce currently has no de
zhenek [66]

Answer:

15.16 percent

Explanation:

Debt Equity ratio measures the ratio of the debt to its equity.

Formula for debt equity ratio is as follow

Debt / Equity ratio = Debt of the company/ Equity of the company

As per given data

Equity = $383,333.33 + 0.31($61,000) = $402,243

Debt = $61,000

Placing values in the formula

Debt / Equity ratio = $61,000 / $402,243

Debt / Equity ratio = 15.16%

3 0
4 years ago
Firms, households, and governments use the credit market for borrowing. The credit demand curve shows the relationship
Pavel [41]

Answer:

C) a higher real interest rate reduces a borrowing​ firm's profit and hence its willingness to borrow.

Explanation:

Companies borrow money to leverage their projects, investments or regular business activities. When they borrow money, they do it to earn more money themselves, not just to make a bank or a bondholder earn money. Since the company must repay its loans, the profit it makes using the loans must offset the money it must pay back in interest.

E.g. I borrow $100 for my business and the bank charges me $7 in interest per year, so I must be able to use that money to increase my profit by more than $7 a year.

3 0
3 years ago
The following costs related to Summertime Company for a relevant range of up to 20,000 units annually: Variable Costs: Direct ma
il63 [147K]

Answer:

Total cost= $105,000

Explanation:

<u>Because the 15,000 units are in the relevant range, the fixed costs remain constant. Now, we need to calculate the total cost of 15,000 units:</u>

Direct material= 15,000*2.5= 37,500

Direct labor= 15,000*0.75= 11,250

Variable overhead= 15,000*1.25= 18,750

Variable selling and administrative= 15,000*1.5= 22,500

Total variable cost= $90,000

Total fixed costs= $15,000

Total cost= $105,000

4 0
3 years ago
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