The total profit Marjorie's mugs are = $2200
<h3>What is Variable cost?</h3>
Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.
<h3>What is fixed cost?</h3>
Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.
<h3>According to the given information:</h3>
Total mugs sold = 300
mugs sold at = 20
variable cost = 7
total fixed cost = 1700
find the profit:
profit = (300*(20-7) - 1,700)
= $2,200
The total profit Marjorie's mugs are = 2200
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A.
Reward incentives should be motivating in order to motivate the subject to perform a task effectively and efficiently.
The way each instrument be changed if the fed wished to decrease the money supply is the Fed should conduct :
- Open market sales
- Raise discount rates
- Raise interest paid on reserves.
This will attract more saving from the people.
Answer:
6.6
Explanation:
The formula and the computation of the times interest earned is shown below:
Times earned interest = (Earnings before income tax and interest expense) ÷ (Interest expense)
where,
Earnings before income tax and interest expense is
= $387,520 + $69,200
= $456720
And, the interest expense is $69,200
So, the times interest earned ratio is
= $456,720 ÷ $69,200
= 6.6
Answer:
C) abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.
Explanation:
According to different theories about trade specialization, a company or even a country should specialize in producing only those products that they can make better than their competition, i.e. have a comparative or absolute advantage in their production.
In this case, since Company R has a comparative advantage in the production of peanut butter, it should specialize in producing only that. In case they need jam, they should trade with Company Q in order to get some jam. Eventually Company Q will only produce jam since they have a comparative advantage in jam production.
