Answer:
The variable and fixed cost elements of the annual cost of the truck operation is 0.073 and $9,720 respectively.
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High operating cost - low operating cost) ÷ (High kilometers driven - low kilometers driven)
= (135,000 km × 14.5% - 90,000 km × 18.1 %) ÷ (135,000 km - 90,000 km)
= ($19,575 - $16,290) ÷ 45,000 km
= $3,285 ÷ 45,000 km
= 0.073
Now the fixed cost equal to
= High operating cost - (High service hours × Variable cost per hour)
= $19,575 - (135,000 km × 0.073)
= $19,575 - $9,855
= $9,720
Answer:
Market Power
Explanation:
Market Power is the ability of firms to raise price above the level of perfect competition price. Perfect Competition charge Price = Marginal Cost, Imperfectly, other imperfect markets charge price > MC.
This power is used by imperfect market structures - monopoly, oligopoly, monopolistic competition. They can use this power because - they have control over market price, as they comprise a significant part of market supply. Eg : Monopolies usually use 'artificial scarcity' model to maintain a surplus in market & charge higher prices.
Answer:
the future value of the cash flow in year 4 is $5,632.73
Explanation:
The computation of the future value of the cash flow in year 4 is as follows:
= $1,075 × (1.08^3) + $1,210 × (1.08^2) + $1,340 × (1.08^1) + $1,420 ×(1.08^0)
= $1,354.19 + $1,411.34 + $1,447.20 + $1,420
= $5,632.73
Hence, the future value of the cash flow in year 4 is $5,632.73
The same is to be considered and relevant
Answer:
<em>a. Resource scarcity</em>
Explanation:
Resource scarcity to the fundamental economic issue, <em>the difference between restricted, the finite resources and potentially unlimited desires.
</em>
Population growth pressures and demands, economic expansion, and global warming put tremendous stress on limited, non-renewable resources such as fossil fuels and minerals.
Answer:
Simple random sample
Explanation:
A simple random sample is an unbiased sample of a group or population where every member of the group or population has the same equal probability of being chosen.
In this case, Paige didn't use any type of segmentation to select potential donors (e.g. students who got scholarships, students from wealthy backgrounds, etc.) she will just do it randomly.