An examplepf a cost would be<br> O profit<br> revenue<br> Ofire<br> O salaries

Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,

Aleks [24]

Answer:

a) $534.06

b) NO

Explanation:

Given:

costs of insurance, license, and depreciation to operate his car = $320 per month

gas, oil, and maintenance costs = 14 cents per mile = $0.14 per mile

Now,

Fixed cost = $320 per month

Variable cost = $0.14 per mile

Therefore,

total cost = Fixed cost + Variable cost

= $320 + $0.14 × Number of miles driven

a) Total number of miles driven = 1,529

Thus,

total cost = $320 + $0.14 × 1,529

= $320 + $214.06

= $534.06

b) Since, $320 per month is the fixed cost, the fixed cost per mile will decrease with the increase in number of miles driven.

therefore, if Larry drives less than 1,400 miles, then the actual cost will be more than the cost based on a predetermined rate of cost

Therefore, it would not be meaningful for Larry to calculate an estimated average cost per mile for a typical 1,400-mile month

8 0

3 years ago

Research conducted by Harvard Business School found that the traditional 4 Ps model:

inna [77]

Answer:

B) is narrow and outdated.

Explanation:

The article's name is "Rethinking the 4 P’s" and it summarizes a 5 year study that involved more than 500 top level managers across the world. That study doesn't say that the 4 Ps are useless, it states that they are outdated. The study focused on the B2B market and it argues that the 4 Ps must be restated:

S ⇒ products to solutions
A ⇒ place to access
V ⇒ price to value
E ⇒ promotion to education

8 0

3 years ago

In 1924, the famous novelist F. Scott Fitzgerald wrote an article for the Saturday Evening Post entitled ?How to live on $36,000

Maksim231197 [3]

Answer:

$4,267,059

Explanation:

to determine the equivalent amount of money between 1924 and 2008, we must divide the 2008 CPI by the 1924 CPI, and then multiply by $36,000:

= (2015 / 17) x $36,000 = 118.53 x $36,000 = $4,267,059

The consumer price index measures the weighted price of basket of goods . It is useful for calculating inflation and comparing how the purchasing value of the US dollar has decreased in time. Basically what this shows us, is that $1 in 1924 would purchase the same amount of goods as $118.53 in 2008.

8 0

3 years ago

After Jeff Bezos read about how the Internet was growing by 2,000 percent a month, he set out to use the Internet as a new distr

zloy xaker [14]

Answer:

.

Explanation:

Entrepreneurs innovate sometimes by commercializing inventions and ideas. They look for new business opportunities and find resources they can use in exploiting them. Commercializing an invention was done by Jeff Bezos in this instance. He saw the distribution opportunities available in the internet, and with the growing percentage increase of the internet users per month, he decided to create Amazon. He transformed the invention of the internet into the innovation of Amazon.

The ability to posses this characteristics is one of the qualities of a good entrepreneur.

6 0

3 years ago

Where would revenue be maximized for a company facing a linear demand curve

Bond [772]

Answer:

at equilibrium point

Explanation:

equilibrium when price is reasonable to both sellers and buyers. They are willing to buy and sell at optimal quantity, so that firm can maximize revenue

3 0

3 years ago

An examplepf a cost would be O profit revenue Ofire O salaries