Microsoft receives a cash payment in advance for cloud services is an example of

Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

5 0

4 years ago

Suppose that Cheryl's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. Her only liabili

melamori03 [73]

Answer:

Cheryl's net worth is;

c). $5,000

Explanation:

The net worth is the value of an individual taking into account all the individual's assets and liabilities. It is a holistic view on the value of an individual. It is also used to estimate the value of a company, corporation and even countries. It is one of the standard measures used to gauge an entity's wealth. The net worth can be calculated by taking the difference between assets and liabilities. An asset is anything of economic value that is owned by an entity while a liability is anything of economic value that is owed.

The following formula can be used to estimate Cheryl's net worth;

N=A-L

where;

N=net worth

A=assets

L=liabilities

In our case;

N=unknown to be determine

A=Automobile+checking account

Automobile=$10,000 and checking account=$5,000

A=10,000+5,000=$15,000

L=student loan+car loan

student loan=$2,000

car loan=$8,000

L=2,000+8,000=$10,000

replacing;

N=15,000-10,000=$5,000

Cheryl's net worth=$5,000

4 0

3 years ago

I am trying to convince my dad to let me be Interior Designer. What are some resons for me to become a Interior Designer?

Elodia [21]

Answer:

Explanation:

1 You can manage your time according your scheduled projects.

2 You can have a lot of costumers around the world

3 It is a profitable niche if you are skilled.

4 Your brain always gonna be creative and curious.

5. You can travel around the world with your knowledge.

6. If you are a good one, you maybe have a lot of followers in your networks liking your work.

7 And if really is your passion job, you will be happy in your life.

Best regards

4 0

3 years ago

Rains Company purchased equipment on January 1 at a list price of $125,000, with credit terms 2/10, n/30. Payment was made withi

klio [65]

Answer: $135,950

Explanation:

Given the following

List price = $125,000

2% discount if payment is made within 10 days

Sales tax = $6,250

Installation charges = $2,200

Concrete slab = $5,000

Total sales = [(100 - 2)% × list price] +sales tax + installation charges + concrete slab

Total sales =( 98% × 125,000) + 6250 + 2200 + 5000

Total sales = $(122,500 + 6250 + 2200 + 5000)

Total sales = $135,950

8 0

3 years ago

Producer surplus: A. is the difference between the true value of a good and the amount the firm wants to receive. B. is the dif

Alex Ar [27]

Answer:

Option (B) is correct.

Explanation:

Producer surplus is defined as the difference between the current market price of a good and the amount or cost incurred by the firm to produced the good. If the producer will be able to get the higher price for a good than the full cost of production of that good then he will earn the producer surplus.

Graphically, the producer surplus is represented by the flat top.

6 0

3 years ago