1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iVinArrow [24]
3 years ago
5

Last year a business had fixed costs of £875,000 and revenue of 2.5 million. The business had total variable coats of 50,000 and

sold 100,000 units. Calculate the total costs of the business last year
Business
1 answer:
Tomtit [17]3 years ago
6 0

Answer:

Total cost of the business = £925,000

Explanation:

Solution:

Data given:

Fixed cost = £875000

Revenue generated = 2.5 million

Total variable cost = 50,000

Units Sold = 100,000

What is the total cost of the business = ?

Formula for total cost of the business is:

Total Cost = Total Fixed Cost + (Average variable cost per unit x units produced)

Here we have, Total variable cost not the average variable cost per unit.

So,

Average variable cost per unit = Total variable cost/ units produced

Average variable cost per unit = 50,000/100,000

Average variable cost per unit = 1/2 = £0.5 per unit.

Now,

Total cost of the business = Total Fixed Cost + (Average variable cost per unit x units produced)

Let's plug in the values.

Total cost of the business = 875,000 + (0.5 x 100,000)

Total cost of the business = £925,000

You might be interested in
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.15, but management expects to reduce the p
horrorfan [7]

Answer:

the stock price is $58.23

Explanation:

The computation of the price pay per share today is shown below:

Stock price is

= Current year dividend ÷ (required rate of return - growth rate)  

= $11.15 × (1 - 0.06) ÷ (12% - (-6%)

= $10.48 ÷ 18%

= $58.23

Hence, the stock price is $58.23

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Assume that the cost of aluminum used by​ soft-drink companies increases. Indicate which of the following statements describing
spayn [35]

Answer:

a. false

b. true

c. true

d. false

Explanation:

a. The first statement is false as the demand for the soft drink do not declines

b. The second statement is true as the quantity demanded decreased

c The third statement is true as the supplied decreased

d. The fouth statement is false as the quantity suppied do not decline

Therefore the option b and C are correct and option A and D are incorrect

5 0
3 years ago
a car travaling at a speed of 24 m/s comes to a stop at a red light how much time will it take for the car to stop if it's excel
RideAnS [48]
Answer: The answer is 3 seconds

Explanation: because 24 divided by 3 is 8. Eight must be subtracted 3 times from 24 in order to reach 0.
6 0
3 years ago
 Because of its importance in summarizing your strategy, the Introduction and Overview of your business plan should be 
Rashid [163]

Answer:

Because of its importance in summarizing your strategy, the Introduction and Overview of your business plan should be written last-B.

3 0
3 years ago
Is it true savings vehicles are never insured
enyata [817]
No it is not true savings vehicles can be insured.
7 0
2 years ago
Other questions:
  • If national pride in the local capability to make a complex product is the objective of government policy, the best policy strat
    5·1 answer
  • State and city governments have promoted facilities where new businesses can open up shop and share common services such as secr
    11·1 answer
  • If the CPI is 123 in year 1 and 143 in year 2, what is the approximate percentage change in prices between the two years?
    15·1 answer
  • A nation practicing mercantilism aims to
    10·1 answer
  • "New Millennium Enterprises institutes a training program that teaches employees how to treat customers with respect. Three week
    5·1 answer
  • In order to improve? readability, one must avoid? __________.
    6·1 answer
  • Saleh, an accountant, is the sole shareholder of Turquoise Corporation, a C corporation. Turquoise is a personal service corpora
    11·1 answer
  • Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold
    5·1 answer
  • WHAT IS THE WORLDS LARGEST PEANUT 50 points
    13·2 answers
  • The investment and capital spending boom of the late 1990s most likely resulted in a(n):_______
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!