Answer:
Cost of land = $220,400
Cost of building = $0
Explanation:
The computation of the land and the cost of the new building is shown below:
Cost of land = Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $194,000 + $16,900 + $2,700 + $3,900 + $2,900
= $220,400
The cost of the new building would be zero as all the costs are allocated to the cost of the land. So, no cost is allocated to the cost of the new building
Answer:
Assuming that Hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is <u>2</u> jars of honey and <u>4</u> gallons of milk.
Explanation:
This question is missing a table that should be as follows:
quantity total util. marginal quantity total util. marginal
of milk from milk utility per $ of honey from honey utility per $
1 32 16 1 44 11
2 60 14 <u> 2 84 10</u>
3 84 12 3 120 9
<u>4 104 10</u> 4 152 8
5 120 8 5 180 7
6 132 6 6 204 6
7 140 4 7 224 5
8 144 2 8 240 4
We should purchase quantities that yield the same marginal utility per dollar spent, options are:
- <u>4 gallons of milk and 2 jars of honey ⇒ total cost = $8 + $8 = $16</u>
- 5 gallons of milk and 4 jars of honey ⇒ total cost = $10 + $16 = $26
- 6 gallons of milk and 6 jars of honey ⇒ total cost = $12 + $24 = $36
- 7 gallons of milk and 8 jars of honey ⇒ total cost = $14 + $32 = $46
Answer: Undue influence
Explanation:
Unreasonable control in jurisprudence is a legitimate principle involving one person taking advantage of a position of authority over another. The power imbalance between the parties will vitiate the consent of one party as they are unable to exercise their independent will freely.
"Undue control" means undue coercion forcing another person to act or refrain from acting by overriding the free will of that person and contributing to inequality.
Answer:
1. Calculation of Break Even:
Break Even = Fixed Cost / Contribution per Unit
Fixed Cost = $6,000
Contribution per Unit = Selling Price - Variable cost per unit
Contribution per Unit = $50 - 20 = $30
Break Even = 6,000 / 30
Break Even = 200 trips
2. Monthly Operating profit required = $9,000
Tax Rate = 25%
Before Tax Profit Required = 9,000 / (1-Tax rate)
Before Tax Profit Required = 9,000 / (1 - 0.25) = $12,000
Trips required to sell to earn a monthly operating profit of $9,000 after taxes = (6,000 + 12,000) / 30
Trips required to sell to earn a monthly operating profit of $9,000 after taxes = 600
Trips required to sell to earn a monthly operating profit of $9,000 after taxes = 600 trips
Answer:
Explanation:
textAndrew Company has predicted the following costs for this year for 50,000 units:ManufacturingSelling and AdministrativeVariable$200,000$ 50,000Fixed300,000150,000Total$500,000$200,000What is the initial selling price needed to obtain a target profit of $25,000 using the variable costmarkup method?Select one:A. $14.70B. $ 5.00C. $ 8.00D. $ 4.50FeedbackRationale
:($300,000 + $150,000 + $35,000) / ($200,000 + $50,000) = 194%
markupVariable cost per unit = ($200,000 + $50,000) / 50,000 = $5.00 × 1.94 = $9.70 markup
Cost plus markup = $5.00 + $9.70 = $14.70
OR(VC $250,000 + FC $450,000 + Profit$35,000) / 50,000 = $14.70The correct answer is: $14.70
