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Tpy6a [65]
3 years ago
10

The marketing manager of TelCo., Inc. has determined that a market exists for a telephone with a sales price of $15 per unit. Th

e production manager suggests that the fixed cost of producing between 20,000 and 40,000 telephones is $65,000. Assume that Telco desires to earn a $50,000 profit from the phone sales. How much can TelCo afford to spend on variable cost per unit if production and sales equal 30,000 phones
Business
1 answer:
Korvikt [17]3 years ago
5 0

Answer: $11.17

Explanation:

Number of phones sold = 30000

Sales price = $15 per unit

We than calculate the total contribution required which will be:

= Total Fixed Cost + profit required

= $65000 + $50000

= $115,000

To calculate the variable cost per unit goes thus:

Number of phones sold = (Total Contribution Required)/(Sale Price - Variable cost per unit)

30000 = 115000/(15 - Variable cost per unit)

(15 - Variable cost per unit) = 115000/30000

(15 - Variable cost per unit) = 3.83

Variable cost per unit = 15 - 3.83 = 11.17

Variable cost per unit = $11.17

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8 0
3 years ago
Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. Describe two possible conseque
Romashka [77]

Answer:

Not filing your return will cost you an additional 5 percent of your unpaid tax bill each month.

Not paying what you owe will add an extra 0.5 percent each month to your overall IRS debt.

If you did not file on time and did not pay any tax you owed, you are subject to both penalties. However, the IRS actually gives you a bit of a break. The maximum penalty that you’ll pay for both in any given month is 5 percent, rather than 5.5 percent.

If you don’t file or pay for five months, the failure-to-file penalty will max out at 25 percent of your unpaid taxes. But the 0.5 percent failure-to-pay penalty will continue to accrue, up to another 25 percent of what you owe, until the tax is paid.

Interest also is charged on the overdue amount

If your due a refund then the only way to get it is to file

Explanation:

7 0
2 years ago
Read 2 more answers
The price of notebooks is $5, and at that price consumers demand 12 notebooks. If the price rises to $7, consumers will decrease
Vitek1552 [10]

Answer:

3

Explanation:

We are asked to use the midpoint formula.

Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.

Mathematically:

Price elasticity of demand according to midpoint formula is :

{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}

Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6

% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%

% change in quantity:

We first find the average = (12+4)/2 = 16/2 = 8

% change = (4-12)/8 * 100 = -100%

The elasticity of demand is thus -100/33.33 = 3

7 0
3 years ago
Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs
saw5 [17]

Answer:

The budgeted materials needed in units for April is 64,800 units

Explanation:

In order to calculate the budgeted materials needed in units for April we would have to use the following formula:

Budgeted Materials =Materials needed +ending inventory −beginning inventory available

To calculate the ending inventory we would have to use the following formula:

Ending inventory=0.3×Following month budgeted materials

Ending inventory=0.3×62,000

Ending inventory=18,600

Therefore, Budgeted Materials =66,000+18,600−19,800

Budgeted Materials= 64,800 units

The budgeted materials needed in units for April is 64,800 units

​

8 0
3 years ago
If the government imposed 20 percent tariff on personal computers, calculate the changes in consumer surplus, producer surplus,
Grace [21]
Yes it would calculate the changes in consumer surplus Than Guyen! :)
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3 years ago
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