answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Simora [160]
2 years ago
15

Thornton Camps, Inc. leases the land on which it builds camp sites. Thornton is considering opening a new site on land that requ

ires $3,300 of rental payment per month. The variable cost of providing service is expected to be $5 per camper. The following chart shows the number of campers Thornton expects for the first year of operation of the new Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total 390 380 390 410 730 650 790 800 490 520 590 460 6,600 Required Assuming that Thornton wants to earn $9 per camper, determine the price it should charge for a camp site in February and August.
Business
1 answer:
Alona [7]2 years ago
4 0

Answer:

$20.

Explanation:

So, we have the following important data or parameters the are going to help us or assist us in solving this particular Question or problem.

(1). Total number of customers served campers = 6600.

(2). Rental payment per month = $3,300.

(3). Total number of months = 12 months( that is January to December).

(4). "The variable cost of providing service is expected to be $5 per camper"

So, let us delve right into the solution of the question.

Step one: determine the fixed cost per unit. The fixed cost per unit can be determined by following the formula below;

Fixed cost per unit = (rental payment pee month × number of months) ÷ total number of campers.

Thus, the fixed cost per unit = $3,300 × 12) ÷ 6,600.

The fixed cost per unit = 6.

STEP TWO: The next thing to do now is to determine the price it should charge for a camp site in February and August.

Kindly note that this the price that it should charge for a camp site in February and August are going to be the same.

Therefore, the price it should charge for a camp site in February and August = $6 + $5 + $9 = $20.

You might be interested in
A company manufactured 1,000 units of product during the year and sold 800 units. Costs incurred during the current year are as
Llana [10]

Answer:

$2,400

Explanation:

Total production Cost:

= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment

= $7,000 + $2,000 + $3000

= $12,000

Amount should be reported as inventory in the company’s year-end balance sheet:

= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)

= ($12,000 ÷ 1,000) × (1,000 - 800)

= $12 × 200

= $2,400

5 0
2 years ago
an instance where sellers should work to keep relationships with consumers is when they feel that the product
irina1246 [14]
An instance where sellers should work to keep relationships with consumers is when they feel that the product
5 0
2 years ago
During the current accounting period, Malibar Farms Company paid $2,000 for advertising services in advance of receiving them. P
Oksana_A [137]

Answer:

B. Advertising Expense 500 Prepaid Advertising 500

Explanation:

The journal entry is shown below:

1. Prepaid Advertising A/c Dr $2,000

               To Cash A/c $2,000

(Being the prepaid advertising is paid)

2. Advertisement expense A/c Dr $500

        To  Prepaid Advertising A/c $500

(Being the adjusting entry is recorded)

Since for three-fourth is received, so one-fourth is still pending which would be

= $2,000 - $1,500 ($2,000 × 3 ÷ 4)

= $500

4 0
1 year ago
When applying for jobs, job seekers often focus on a desired salary while ignoring other aspects of the job offer such as benefi
Lena [83]

Answer:

A) anchoring bias

Explanation:

Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.

We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.

When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.

3 0
2 years ago
Jacob, the vice president of Money-Makers, is reviewing the development program for the company's middle managers. He notes that
worty [1.4K]

Answer:

D) workshops involving business games and simulations

Explanation:

Employee development is is important because it helps to retain key employees, meet the challenges of competition, incorporate technological advances and improve overall employee performance.  

Employee development usually involves four different approaches:

  1. formal education: generally includes off-site or on-site education programs that are specifically designed for the company's employees and are dictated by consultants or universities, e.g. short term courses
  2. assessment
  3. job experiences
  4. interpersonal relationships

5 0
2 years ago
Other questions:
  • Which currency is normally used for conducting global trade between two countries? currency of the seller
    8·2 answers
  • Which of the following prices is most elastic?
    5·1 answer
  • Suppose the large number of bike accidents in a small town results in new legislation that requires all citizens of the town to
    6·2 answers
  • Jim and Sue were going to be married and were very much in love. Before the wedding date, they went out for coffee and orally ag
    8·1 answer
  • Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events & Adventur
    9·1 answer
  • On March 14, Apple Corporation purchased 6,000 shares of Pear Inc. for $25 per share plus a $340 brokerage fee. On June 30, when
    7·1 answer
  • The seabury Corporation has a current ratio of 3.5 and an acid-test ratio of 2.8. The Corporations current assets consist of cas
    13·1 answer
  • It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, an
    11·1 answer
  • This​ year, Druehl,​ Inc., will produce 57 comma 60057,600 hot water heaters at its plant in​ Delaware, in order to meet expecte
    7·1 answer
  • Given a stock index with a value of $1,200, an anticipated dividend of $45, and a risk-free rate of 6%, what should be the value
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!