If the price of gasoline rises, when is the price elasticity of demand likely to be the most elastic

Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c

Alborosie

Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

Starting off we will calculate the amount of savings they will make by using the new machine,

= $12,000 x 5 years

= $60,000

Calculating the Incremental income therefore we have,

= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)

= $7,500

The incremental income of buying the new machine is $7,500.

If you need any clarification do comment.

5 0

3 years ago

us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The

BartSMP [9]

Answer:

the future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $100 × (1 + .05)^2

= $100 × (1.1025)

= $110.25

Hence, the future value in two years is $110.25

The same should be considered and relevant

5 0

3 years ago

Mediflow, a medium-sized medical technology company, has been successful in its research and development, but needs improvement

sergejj [24]

Answer:

C.

Explanation:

Based on the scenario being described it can be said that the option that would most likely lead to long-term success would be acquire a company that has a successful medical technology sales force in Europe so that Mediflow can gain access to new distribution channels. This would drastically speed up the process of getting the technology in the hands of as many people as possible and therefore increase the company's profit.

3 0

4 years ago

Suppose Tran studies in Vietnam. He buys a bowl of pho (noodle soup) for 250 baht. Tran remembers paying $8 for a similar bowl o

mrs_skeptik [129]

Answer:

31.25 baht/$1

Explanation:

It is obvious that the dollar is a stronger currency among the two currencies, hence, in order to determine the amount of baht that one dollar would exchange for, we need to divide the price of bowl of pho in the weaker currency by the amount of the same bowl of pho in the stronger currency as shown by the formula below:

baht/$=price of bowl of pho in baht/price of bowl of pho in $

price of bowl of pho in baht=250 baht

price of bowl of pho in $=$8

baht/$=250 baht/$8

baht/$ exchange rate=31.25 baht/$1

6 0

3 years ago

During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary

mafiozo [28]

Answer:

Toby Tool & Die Company

A Report on the Direct Labor Cost Variances for March, 2020:

Variances Variance

Job Number Quantity Rate Total

1. A257 $138 F $138 F

2. A258 $368 U $960 U $1,328 U

3. A259 $363 U $363 U

4. A260 $184 U $220 F $36 F

Total $414 U $1,103 U $1,517 U

Explanation:

a) Data and Calculations:

Actual Standard

Job Number Hours Cost Hours Costs Total variance

A257 210 $4,830 216 $4,968 $138 F

A258 480 12,000 464 10,672 1,328 U

A259 330 7,953 330 7,590 363 U

A260 110 2,310 102 2,346 36 F

Total variance $1,517 U

Actual Standard

Job Number Hours Cost Rate Hours Costs Rate Total variance

A257 210 $4,830 $23 216 $4,968 $23 $138 F

A258 480 12,000 25 464 10,672 23 1,328 U

A259 330 7,953 24.1 330 7,590 23 363 U

A260 110 2,310 21 102 2,346 23 36 F

Total variance $1,517 U

1. A257's favorable variance of $138 was quantity variance as less hours were used when compared to the standard hours for the job.

= (Standard hours - Actual hours) * Standard rate = (216 - 210) * $23

= 138 F

2. A258 rush order with overtime at premium rates of pay

Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours

= ($23 - $25) * 480 = $960 U

Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate

= 464 - 480 * $23 = $368 U

Total variance = 1,328 U ($960 U + $368 U)

3. A259 more experienced replacement worker required on one shift

Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours

= ($23 - $24.1) * 330 = $363 U

4. A260 done by a new trainee

Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours

= ($23 - $21) * 110 = $220 F

Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate

= (102 -110) * $23 = $184 U

Total variance = $220 F - $184 U = $36 F

6 0

3 years ago