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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.

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The maintenance expenses on a rental house you own average $200 a month. The house cost $219,000 when you purchased it four year
Serhud [2]

Answer:

value we place on this house when analyzing the option of using it as a professional office is $225000

Explanation:

Given data

house cost 4 year ago  = $219,000

house valued = $239,000

real estate fees = $14000

property taxes = $4,000

to find out

What value should you place on this house

solution

we know if we sell house we should pay real estate fee

so we get need money to place is present cost - real estate fees

so cost will be

cost = house valued  - real estate fees

cost = 239000 - 14000

cost = 225,000

so value we place on this house when analyzing the option of using it as a professional office is $225000

0 0
2 years ago
Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1
monitta

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

3 0
2 years ago
Poor internal compliance with supply processes may indicate that internal customers do not trust the supply process or the suppl
bagirrra123 [75]
That statement is True

Internal Compliance is carried out to ensure that all process are done according to regulated rules and standard

Poor internal compliance could indicate that certain process is not carried out according to standard, which could damage the trust of internal customers
3 0
2 years ago
American Chemical Company manufactures a chemical compound that is sold for $57 per gallon. A new variant of the chemical has be
Yakvenalex [24]

Answer:

Effect on income= $32,400 increase

Explanation:

Giving the following information:

Difference in selling price= 81 - 57= $24

Number of units= 8,100

Increase in costs= $162,000

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= Increase in revenue - increase in costs

Effect on income= 24*8,100 - 162,000

Effect on income= $32,400 increase

6 0
1 year ago
If the direct quote for a U.S. investor for British pounds is $1.43/£, then the indirect quote for the U.S. investor would be __
Tpy6a [65]

Answer:

The answer is A. £0.699/$; £0.699/$

Explanation:

The direct quote for British investor is the same as the indirect quote for the U.S. investor.

Calculation is as follows; 1/1.43 = 0.699

7 0
2 years ago
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