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belka [17]
2 years ago
6

Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only optio

n is $1,500 but allows an external caterer, which charges $30 per person. Sarah plans to invite 40 people. Which is a better cost comparison
Business
1 answer:
Tomtit [17]2 years ago
4 0

Answer:

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

Explanation:

given data

The meal option = $50 per person.

Hall free = $ 0 per person

total guest = 40

hall-only option = $1,500

external caterer = $30 per person

solution

when we go for meal option than hall free so total cost will be as

total cost = total guest  × $50 per person

total cost = 40 × $50

total cost = $2000

and

when we go for hall only option than total cost will be

total cost = total guest   × external caterer charge + hall-only option

total cost =  40  × $30 + $1500

total cost =   $2700

so

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

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Gina and Bill are managers for two separate projects; both freely express their anger at work. Compared to Bill, Gina is more li
cestrela7 [59]

The answer to the question is Gina (B) is more likely to be perceived as overemotional and incompetent.

This is mainly because of her gender – since Gina is female, and females are often stereotyped as highly influenced by feelings when exhibiting their behaviors, thus, she will be judged as overemotional due to this. She would also be judged as more incompetent than Bill.

3 0
1 year ago
Which of the following are true about cost behavior within a particular relevant range? (Check all that apply.) Fixed costs per
lisov135 [29]

Answer:

Variable costs per unit increase as a company produces more units of production.Total fixed cost is constant over all units of production.

Explanation:

there is positive relation between variable cost and production, increase in production will increase the cost and vise visa.

there is inverse relation between fix cost and production higher the production lower the fix cost will be apportioned per unit but the total cost will remain the same

Example :

                              Case-1              Case-2

Production            50000              100000

V.Cost 100 p.u          100                  100

Fix Cost                  100000            100000

total cost

Variable cost        5000000          10000000

Fix Cost                  100000             100000

variable cost is increasing due to increase in production in both cases fix cost will remain the same because no matter how many products company produce fix will remain the same.

8 0
2 years ago
A major U.S. automaker has determined that the city mileage for one of its new SUV models is normally distributed with a mean eq
g100num [7]

Answer:

city mileage standard deviation for this SUV model is 2.34 mpg

Explanation:

given data

mean = 15.2 mpg

company indicated SUV more than 17 mpg  = 22 %

to find out

city mileage standard deviation

solution

we know here that

P(Z > 0.77) is = 0.22

so here z is

z = 0.77

and

we use here z-score formula that is

mean x = z × \sigma + \mu   ................1

so

\sigma = ( x - \mu ) ÷ z   ................2

put here value and we get

\sigma = \frac{17-15.2}{0.77}  

\sigma = 2.34

so city mileage standard deviation for this SUV model is 2.34 mpg

3 0
2 years ago
Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc
nadezda [96]

Answer:

WACC = 9.22%

Explanation:

after tax cost of debt = 7.8% x (1 - 34%) = 5.148%

Re = 12.4%

cost of preferred stock = 8%

total value:

105,000 common stocks x $22 = $2,310,000

25,000 preferred stocks x $45 = $1,125,00

$1,500,000 bonds x 0.98 = $1,470,000

total value = $4,905,000

capital structure:

common stocks = $2,310 / $4,905 = 47.09%

preferred stocks = $1,125,00 / $4,905 = 22.94%

debt = $1,470,00 / $4,905 = 29.97%

WACC = (47.09% x 0.124) + (22.94% x 0.08) + (29.97% x 0.05148) = 9.22%

8 0
2 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
Natalka [10]

Answer:

a. How would this investment be classified on Florists' balance sheet?

Florists International must use the equity method since it exercises significant influence over Nursery Supplies. This investment must be reported under non-current assets as Investment in Nursery Supplies.

Dr Investment in Nursery Supplies 60,000,000

    Cr Cash 60,000,000

Dr Cash 12,000,000

    Cr Investment in Nursery Supplies 12,000,000

Dr Investment in Nursery Supplies 21,000,000

    Cr investment revenue 21,000,000

b. Prepare all appropriate journal entries related to the investment during 2021, under the fair value option, and in a manner similar to what Florists would use for investments in equity securities for which it does not have significant influence.

Dr Investment in Nursery Supplies 60,000,000

    Cr Cash 60,000,000

Dr Cash 12,000,000

    Cr Dividend revenue 12,000,000

Dr Loss on held for trading securities 4,000,000

    Cr Investment in Nursery Supplies 4,000,000

3 0
2 years ago
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