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
sergij07 [2.7K]
3 years ago
11

Pablo owns a record store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $

450,000 per year. Last year, Pablo sold 1,200 records. If Pablo sells 1,250 records this year (50 more than last year) and his average total cost increases to $1.28 million, we know that the: ________
a. average variable cost of selling records has decreased.
b. marginal cost of those 50 records is $80,000.
c. average fixed cost of selling records is unchanged.
d. marginal cost of those 50 records is $1.28 million.
e. average total cost of selling 1.250 records is $1,000.
Business
1 answer:
aniked [119]3 years ago
7 0

Answer:

b. marginal cost of those 50 records is $80,000.

Explanation:

The computation is shown below:

The average cost of selling 1,200 records is

= $1,200,000 ÷ 1,200

= $1,000

Now

The average total cost of selling 1,250 records is

= $1,280,000 ÷ 1,250

= $1,024

Now for the extra 50 records, the marginal cost is

= $1,280,000 - $1,200,000

= $80,000

Hence, the correct option is b.

You might be interested in
------ as a performance measure is of particular significance in a ------- supply chain
ratelena [41]

Answer:

<em><u>excess inventory,</u></em><em><u> </u></em>as a performance measure is of particular significance in a<em><u> efficient </u></em>- supply chain

6 0
3 years ago
Alfonza Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding ba
Murrr4er [49]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $25,400

Adjustment made:

Add: Decrease in accounts receivable $5,000 ($20,000 - $15,000)

Less: Decrease in accounts payable -$450 ($8,750 - $9,200)

Total of Adjustments $4,550

Net Cash flow from Operating activities            $29,950

6 0
3 years ago
In a business context, legal counsel is not only a primary and important source of information and advice but is also solely res
Yakvenalex [24]

<u>In a business context, legal counsel is not only a primary and important source of information and advice but is also solely responsible for making decisions about how to resolve a disput</u>e-This statement is false

Explanation:

<u>Alternative dispute resolution options is one of the most popular way to settle legal matters without wasting Time and money in a court cases</u>

There are three main types of formal alternative dispute resolution techniques that are used in the United States. They are

<u>Mediation </u>

In mediation alternative  an independent mediator works with both the parties to come to a resolution.

<u>Arbitration </u>

Arbitration refers to the term  voluntary, many people agree to participate in arbitration before a dispute ACTUALLY arises.  

In an arbitration, both the parties agree to have their case heard by an impartial person who is refereed to as an arbitrator, who issues a final and binding decision.

An arbitration case is heard much faster and is less expensive than a court case

<u></u>

<u>Collaborative Law </u>

This is typically used in the resolution of  family law setting as an alternative to litigating a divorce. It is different than mediation or arbitration in the sense that  there is no  neutral third party.  

6 0
3 years ago
Net income was $450,000. Beginning and ending stockholders' equity was $4,000,000 and $4,800,000, respectively. Beginning total
Blababa [14]

Answer:

The correct answer is B. 7.143 %.

Explanation:

Return on assets is a profitability ratio that provides how much profit a company is able to generate from its assets. In other words, return on assets (ROA) measures how efficient a company's management is in generating earnings from their economic resources or assets on their balance sheet. ROA is shown as a percentage, and the higher the number, the more efficient a company's management is at managing its balance sheet to generate income.

The formula to calculate it is given below.

ROA = Net Income/Average total asset * 100

        = 450,000/ 6,300,000*

        = 7.14 %

*= (6,000,000 + 6,300,000)/2

7 0
3 years ago
While we talk about the stock market as if it were one big enity the reality is that there are many stock markets arouns the wor
Doss [256]

This question is true, as business continue to prosper and grow. Many investors would want to invest into a stock market like a gamble or a faster way to gain more money, based on how you trust your stock market.

7 0
3 years ago
Other questions:
  • The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu
    6·1 answer
  • You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
    5·1 answer
  • A fundamental difference between the command system and the market system is that, in command systems:
    6·1 answer
  • Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
    5·1 answer
  • In an accountant's trial for filing fraudulent tax reports, the prosecution calls a former colleague of the accountant, and she
    13·1 answer
  • Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufact
    7·1 answer
  • Jonathan just graduated college and can expect monthly loan payments of $405. His new job provides him
    15·2 answers
  • A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed
    12·2 answers
  • If a U.S. firm's expenses are more susceptible to exchange rate movements than revenue, the firm will ____ if the dollar ____. a
    12·1 answer
  • Create a hypothesis for why homeowners insurance continues to increase
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!