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harina [27]
3 years ago
13

Everything Looks Like a Nail, Inc is a manufacturing company that produces hammers. The company faces a number of fixed and vari

able costs in the short run. Determine which of the costs below are examples of fixed costs or examples of variable costs by placing them in the correct category. Assume the company cannot easily adjust the amount of capital it uses.Fixed Costs Variable Costsa. interest rate on current debtb. regulatory compliance costsc. annual salaries of top managementd. cost of metal used in manufacturinge. cost of wood used in manufacturingf. postage and packaging costsg. lease on buildingh. industrial equipment costs
Business
1 answer:
Masteriza [31]3 years ago
5 0

Answer:

Fixed costs do not depend on the level of output. They are therefore paid regardless of production.

Variable costs are only incurred as production goes on.

Fixed cost

a. Interest rate on current debt

b. Regulatory compliance costs

c. Annual salaries of top management

g. Lease on building

h. Industrial equipment costs

Variable Costs

d. Cost of metal used in manufacturing

e. Cost of wood used in manufacturing

f. Postage and packaging costs

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If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment
konstantin123 [22]

Answer:

labor force participation rate= 96.2%

Explanation:

Giving the following information:

Unemployed people= 19 million

Labor force= 500 million

<u>First, we need to calculate the employed people:</u>

<u></u>

Employed population = 500 - 19= 481 million

<u>Now, to calculate the labor force participation rate, we need to use the following formula:</u>

<u></u>

labor force participation rate= (employed people/labor force)*100

labor force participation rate= (481/500)*100

labor force participation rate= 96.2%

4 0
3 years ago
At the beginning of 2016, Gannon Company received a three-year zero-interest-bearing $1,000 trade note. The market rate for equi
notka56 [123]

Answer:

d. Overstate, understate, understate, zero

Explanation:

The amount of earnings overall is the same. so, in the end, there is n difference in retained earnings.

But, on accrual accounting, the note should not enter the accounting as 1,000 as time value of money exist.

At 2016 the sales revenue should be the present value of 1,000 dollars not the complete 1,000 dollars. Thus, is overstated.

Then, the interest accrued from the note are not recognized. Thus, the first year (2016) recognize revenues that should be matched with 2017 and 2018

Thus, these two subsequent years ended understated.

6 0
3 years ago
Each machine must be run by one of 19 cross-trained workers who are each available 35 hours per week. The plant has 10 type 1 ma
Mrac [35]

Answer:

The Linear programming model is given as below

Profit Function: P=90X+120Y+150Z

Constraints:

2X+2Y+Z\leq 400

3X+4Y+6Z\leq 240

4X+6Y+5Z\leq 320

\dfrac{2X+2Y+Z}{40}\leq 10

\dfrac{3X+4Y+6Z}{40}\leq 6

\dfrac{4X+6Y+5Z}{40}\leq 8

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

Let the number of product 1 to be produced is X, that of product 2 is Y and product 3 is Z

so  the maximizing function is the profit function which is given as

P=90X+120Y+150Z

Now as the number of hours in a week are 40 and there are a total of 10 type 1 machines so the total number of machine 1 hours are 40*10=400 hours

As from the given table product 1 uses 2 machine hours of machine 1, product 2 uses 2 machine hours of machine 1 and product 3 uses 1 hour of machine 1 so

2X+2Y+Z\leq 400

Now as the number of hours in a week are 40 and there are a total of 6 type 2 machines so the total number of machine 2 hours are 40*6=240 hours

As from the given table product 1 uses 3 machine hours of machine 2, product 2 uses 4 machine hours of machine 2 and product 3 uses 6 hour of machine 2 so

3X+4Y+6Z\leq 240

Now as the number of hours in a week are 40 and there are a total of 8 type 3 machines so the total number of machine 3 hours are 40*8=320 hours

As from the given table product 1 uses 4 machine hours of machine 3, product 2 uses 6 machine hours of machine 3 and product 3 uses 5 hour of machine 3 so

4X+6Y+5Z\leq 320

Now as the machine 1 is used as 2X+2Y+Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{2X+2Y+Z}{40}\leq 10

Now as the machine 2 is used as 3X+4Y+6Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{3X+4Y+6Z}{40}\leq 6

Now as the machine 3 is used as 4X+6Y+5Z in a week and the week is of 40 hours so the number of machines to be used are given as

\dfrac{4X+6Y+5Z}{40}\leq 8

Now the workers are available for 35 hours so the worker available at the machine 1 is given as

\dfrac{2X+2Y+Z}{35}

That of machine 2 is given as

\dfrac{3X+4Y+6Z}{35}

That of machine 3 is given as

\dfrac{4X+6Y+5Z}{35}

As the total number of workers is 19 so the constraint is given as

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

So the Linear programming model is given as below

Profit Function: P=90X+120Y+150Z

Constraints:

2X+2Y+Z\leq 400

3X+4Y+6Z\leq 240

4X+6Y+5Z\leq 320

\dfrac{2X+2Y+Z}{40}\leq 10

\dfrac{3X+4Y+6Z}{40}\leq 6

\dfrac{4X+6Y+5Z}{40}\leq 8

\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19

4 0
3 years ago
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