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2 years ago

Expain what is debt in a 70 word paragraph

Business

2 answers:

o-na [289]2 years ago

8 0

Answer:

Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.

NeTakaya2 years ago

7 0

Answer:

Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).

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3 years ago

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2 years ago

As a contemporary manager, your employees will perceive that their opinions are more valued if:

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3 years ago

A market for existing financial securities that are currently traded among investors is called the ________ market. super fundam

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1 year ago

Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its ave

VLD [36.1K]

Answer:

Martinez Company

1. Total amount of product costs for 10,000 units:

= 10,000 * $13.90

= $139,000

2. Period costs for 10,000 units:

= 10,000 * $6.15

= $61,500

3. Variable cost per unit of 8,000 produced and sold:

= $11.55

4. Variable cost per unit of 12,500 produced and sold:

= $11.55

5. Total variable costs for 8,000 units produced and sold:

= 8,000 * $11.55

= $92,400

6. Total variable costs for 12,500 units produced and sold:

= 12,500 * $11.55

= $144,375

7. Average fixed manufacturing cost per unit produced for 8,000 units:

= $4.00

8. Average fixed manufacturing cost per unit produced for 12,500 units:

= $4.00

9. Total fixed manufacturing cost for 8,000 units:

= 8,000 x $4.00

= $32,000

10. Total fixed manufacturing cost for 12,500 units:

= 12,500 x $4.00

= $50,000

11. Total amount of manufacturing overhead costs for 8,000 units:

= 8,000 * $5.60

= $44,800

per unit = $5.60

Variable manufacturing overhead = $1.60

Fixed manufacturing overhead = $4.00

Total per unit = $5.60

12. Total amount of manufacturing overhead for 12,500 units:

= 12,500 x $5.60

= $70,000

per unit = $5.60

Variable manufacturing overhead = $1.60

Fixed manufacturing overhead = $4.00

Total per unit = $5.60

13. Contribution margin per unit:

Selling price = $21.40

Variable manufacturing cost per unit = $9.90

Contribution margin per unit $11.50

14. Total amounts of direct and indirect manufacturing costs for 12,000 units:

Direct manufacturing costs = $9.90 x 12,000 = $118,800

Indirect manufacturing costs = $4.00 x 12,000 = $48,000

15. Incremental manufacturing cost if Martinez increases production from 10,000 to 10,001:

= $9.90

Explanation:

a) Data and Calculations:

Average Cost Per Unit

Direct materials $ 5.40

Direct labor $ 2.90

Variable manufacturing overhead $ 1.60

Total Variable Costs per unit $ 9.90

Fixed manufacturing overhead $ 4.00

Total product cost per unit $13.90

Period Costs:

Fixed selling expense $ 2.40

Fixed administrative expense $ 2.10

Sales commissions $ 1.10

Variable administrative expense $ 0.55

Total period costs per unit $6.15

All Variable costs:

Variable production costs $9.90

Sales Commission $1.10

Variable administrative expense $ 0.55

Total Variable costs $11.55

All Fixed Costs:

Fixed manufacturing overhead $ 4.00

Fixed selling expense $ 2.40

Fixed administrative expense $ 2.10

Total fixed costs per unit $8.50

7 0

2 years ago