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
Bas_tet [7]
3 years ago
11

Ed makes work desk stations for businesses. His desks sell for $650 each. His total fixed costs are $2,000 and his total variabl

e costs are $250 each for the first 1,000 units he produces, $420 each for the next 1,000 units, $620 each for the next 1,000 units, and $810 units over 3,000.
1. If Ed sells 5,000 desks, what are his total costs? $
2. What is Ed's total revenue? $
3. What is Ed's profit/loss? $
Business
1 answer:
maw [93]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

a) Total Cost

= Fixed Cost + Variable Cost

= 2000 + 250 × 1000 + 420 × 1000 + 620 × 1000 + 810 × 2000

= $29,12,000

b) Total Revenue is

= Price × Quantity

= 650 × 5000

= $3,250,000

c) Profit is

= Total Revenue- Total Cost

= $3,250,000 - $2,912,000

= $338,000

You might be interested in
Assume that demand increases from D1to D2; in the new long run equilibrium, price settles at a level between P1and P2This means
aksik [14]

Answer:

The answer is B. Increasing

Explanation:

An increasing-cost industry is an industry whose costs for production increase as more companies compete.

Why is this so? - This is because each new company in the industry increases its demand for supplies and factors needed for production.

A decreasing‐cost industry is one where costs of production reduces as the industry expands.

6 0
4 years ago
Suman said that, "she didn't understand the<br>direct and indirect speech<br>​
a_sh-v [17]

Explanation:

Indirect speech, also known as reported speech or indirect discourse (US), is a means of expressing the content of statements, questions or other utterances, without quoting them explicitly as is done in direct speech. For example, He said "I'm coming" is direct speech, whereas He said (that) he was coming is indirect speech. Indirect speech should not be confused with indirect speech acts.

6 0
3 years ago
A manufacturing company expects to sell 12,000 units in August and 15,000 units in September. The company desires to have an end
nikklg [1K]

Answer:

16,000

Explanation:

The amount of inventory to be produced is dependent on the projected sales, the expected opening and ending balances.

If the company desires to have an ending inventory of 80% of the next month's sales. It means that the ending inventory for August

= 80% × 15,000

= 12,000 units

Let the units to be produced in August be G, then;

8000 + G - 12000 = 12000

G = 12000 + 12000 - 8000

= 16000 units

The company should produce 16,000 units in August.

5 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos
scZoUnD [109]

Answer:

Correct option is C.

If the CPI is 156.25 in 2007, then 2005 is the base year.

Explanation:

The CPI js given by the formula:

Current year prices/base year prices x 100

Given the values in years 2005,2006 and 2007, of all the given options, option (c) if the CPI is 156.25 in 2007, then 2005 is the base year is corrrect. This is because calculating CPI for 2007 using the above formula and 2005 as base year gives us CPI as 156.25.

5 0
3 years ago
Montana Industries has computed the following unit costs for the year just ended: Variable manufacturing overhead $85 Fixed manu
katovenus [111]

Answer:

Variable, $85; absorption, $105.

Explanation:

Variable costing $85

Absorption costing $105=(85+20)

3 0
3 years ago
Other questions:
  • Direct effects of FDI arise when jobs are created in local suppliers as a result of the FDI and when jobs are created because of
    6·1 answer
  • Which of the following are possible electrocution hazards?
    10·1 answer
  • ________ involves paying a fee to have your name associated with a venue or event.?
    13·1 answer
  • Pursuant to the development of scientific management, quality control was carried out by skilled craftspeople, who served both a
    7·1 answer
  • Knox Inc. is deciding between the two dividend payment plans below: Year Plan A Plan B 1$3.00$0.50 2$3.05$1.75 3$3.10$3.25 4$3.1
    12·1 answer
  • Mass communication uses gatekeepers to determine what consumers come to know, believe, and understand are issues they should dee
    8·1 answer
  • When reconciling or balancing your checking account, which of the following correctly describes the math?
    13·1 answer
  • In the context of planning a training program, even though it is time-consuming, putting together a _____ is worthwhile because
    8·1 answer
  • Difference between owners funds and borrowed funds​
    6·1 answer
  • you deposit $6000 in an account earning 2% interest compounded continuously. how much will you have in the account in 10 years?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!