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Arisa [49]
2 years ago
7

Businesses see less demand and begin to lose money. Unemployment and interest rates rise, and consumers

Business
1 answer:
Oliga [24]2 years ago
5 0
The correct answer is D
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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,700 client-visits, but
Viefleur [7K]

Answer:

The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

Explanation:

Actual Medical Supplies                                         $26,768

Standard Medical Supplies for Actual Activity            $25,954

(6.60*3,690+1,600)

Medical Supplies Spending Variance                          814 Unfavorable

Therefore, The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

3 0
3 years ago
ABC Co. expects to sell 2,200 units, give or take 10 percent. The expected variable cost per unit is $8.43 and the expected fixe
topjm [15]

Answer:

Earning Before Interest and Taxes                                           $3,704

Explanation:

Sales (2,200 * 16.25)                                                                 35,750

Less: Variable Costs (2,200 * 8.43)                                          <u>(18,546)</u>

Contribution Margin                                                                   17,204

Less: Fixed Cost                                                                         (9,500)

         Depreciation Expense                                                      <u>(4,000)</u>

Earning Before Interest and Taxes                                           <u>$3,704</u>

3 0
3 years ago
Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price
Kipish [7]

Answer:

p1 = $259.53   p2 = $381.20

Explanation:

1. Find the revenue function.

This is a typical income maximization problem. Therefore, the first thing we should know is what are the revenues for each product.

Recall that the revenue is given by P * Q

1.a Find the revenue of the Ultra Mini (product 1):

R_{1} = P_{1} Q_{1}

R_{1} =P_{1} (100,000 - 200P_{1} + 10P_{2} )

R_{1} =100,000P_{1} -200P_{1} ^{2} +10P_{2}P_{1}

1.b Find the revenue of the Big Stack (product 2):

R_{2} = P_{2} Q_{2}

R_{2} =P_{2} (150,000 + 10P_{1} - 200P_{2} )

R_{2} = 150,000P_{1+2} +10P_{1}P_{2} -200P_{2}^{2}

2. Find the marginal revenues.

The revenue function must be derived from the price.

For product 1, we derive from P1:

MR_{1} = 100,000 -400P_{1} +10P_{2}

For product 2, we derive from P2:

MR_{2} = 150,000 + 10P_{1} - 400P_{2}

3. Create a system of linear equations in two unknowns

With the marginal revenue functions we create a system of linear equations in two unknowns (p1 and p2) and equal 0.

100,000 - 400P_{1} +10P_{2} = 0\\150,000 + 10P_{1} -400P_{2} = 0

4. Resolve the previous system

4.a. To make it easier, we can rethink the terms of the system like this:

100,000 - 400P_{1} +10P_{2} = 0 is the same as saying:

P_{2} = \frac{-100,000 + 400P_{1} }{10}

And 150,000 + 10P_{1} -400P_{2} = 0 is the same as saying:

P_{2}=\frac{150,000+10P_{1} }{400}

Therefore:

\frac{-100,000 + 400P_{1} }{10} =\frac{150,000+10P_{1} }{400}

Notice that now we only have one unknown (P1).

4.b. In order to eliminate fractionals, we can multiply both terms by 400:

\frac{400}{10} (-100,000 + 400P_{1} ) = \frac{400}{400} (150,000 + 10P_{1} )

(40)(-100,000+400P_{1}) =150,000+10P_{1}

-4,000,000+16,000P_{1} =150,000+10P_{1}

4.c. We solve the equation, putting numbers on one side and unknowns on the other:

-4,000,000-150,000=10P_{1} -16,000P_{1}

-4,150,000=-15,990P_{1}

\frac{-4,150,000}{-15,990} =P_{1}

P_{1} = $ 259.53

4.d. Once P1 has been identified, we replace it in any of the terms of the original system of equations (those established in 4.a).

P_{2}= \frac{-100,000+400(259.53)}{10}

P_{2} = 381.20

5 0
3 years ago
An investor purchased 100 shares of the cdl growth and income fund 3 years ago when the pop was $12 and the nav was $11.50. all
Norma-Jean [14]

The investor will show a capital loss of $155.

We gather the following information from this question:

Pop of the fund three years ago : $12

NAV of the fund three years ago : $11.50

Current Pop : $11

Current NAV : $10.45

Number of shares : 100 shares.

We need to calculate capital loss or gain on the 100 shares in the mutual fund.

While taking the cost per unit, <u>we need to consider the public-offer-price (pop) into consideration, since an investor can only buy the shares at pop</u>.

Similarly, while selling the shares, the <u>shareholder can liquidate his position by selling back to the mutual fund at the NAV prevailing at the end of the business day</u> on which he wants to sell.

So, the formula to calculate capital gain or loss is:

Capital gain or (loss) = (NAV per unit at liquidation - POP at purchase ) * No. of shares

Capital gain or (loss) = ($10.45 - $12 ) * 100

Capital gain or (loss) = ($155)

3 0
3 years ago
Opportunity cost is defined as A. the monetary expense associated with an activity. B. the highest valued alternative that must
Ratling [72]

Answer:

B. the highest valued alternative that must be given up to engage in an activity.

Explanation:

Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.

Eg1: If I like Chapati more than rice & rice more than curd, the opportunity cost of consuming chapati is the next best option i.e rice.

Eg2 : Working as school teacher with salary 20000, next best option salary as coaching tutor i.e 10000 is the Opportunity Cost

A is inapt : Opportunity cost can be monetary or non monetary. Eg2 has monetary opportunity cost. But, Eg 1 has opportunity cost in terms of rice' (sacrifised) satisfaction.

C is inapt : Opportunity cost is only the cost of next best alternative & not all alternatives. Eg1 - Curd i.e 3rd best option after chapati, is not the opportunity cost after chapati.

4 0
3 years ago
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