Answer:
The correct solution is "38,500".
Explanation:
The given values are:
Sales in February,
= $50,000
Sales in March,
= $60,000
Sales in April,
= $70,000
Now,
The total selling and administrative expenses for the month of February will be:
= 
On substituting the values, we get
= 
= 
= 
Answer:
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Explanation:
Giving the following information:
Option 1:
Initial investment= $11,500
Number of years= 45
Interest rate= 4.1%
Option 2:
Initial investment= $11,500
Number of years= 44
Interest rate= 4.7%
To calculate the future value for both options, we need to use the following formula:
FV= PV*(1+i)^n
<u>Option 1:</u>
FV= 11,500*(1.041^45)= $70,142.41
<u>Option 2:</u>
FV= 11,500*(1.047^44)
FV= $86,766.45
If you wait one year, in 45 years you will have $16,624.04 more than investing today.
Answer:
C. $65,800
Explanation:
Fixed csot: those which do not change for a relevant range with the production output. They aer constant.
Factory insurance 21,000
Factory insurance 13,000
Factory manager's salary 10,800
Janitor's salary 5,000
Property taxes: <u> 16,000 </u>
Total Fixed Cost: 65,800
The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.
Same goes with packaging cost, if no unit is produced then, no packagin is needed.
Answer:
I would advise Mr. Raiman to reduce the quantity of output produced.
Explanation:
Mr. Raiman produces 12 pairs of shoes per week.
The marginal cost incurred in producing the 12th pair is $84.
The marginal revenue earned from the 12th pair is $70.
The marginal cost is greater than marginal revenue. This means that Mr. Raiman is having a loss.
In order to maximize profits, he should produce at the point where the marginal cost is equal to marginal revenue.
So, I would suggest him to reduce the output to the level where marginal cost is equal to marginal revenue.
Answer:
Rochelle
Explanation:
Because Rochelle oil company is safer than lionel because if there was a leak the damage would be very big.
