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Luba_88 [7]
1 year ago
7

Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll

owing for the past nine months:Number of CavitiesMonth Filled Total CostJanuary 475 $5,750February 575 6,250March 350 5,200April 675 6,500May 500 5,650June 400 5,250July 625 6,300August 650 6,000September 450 5,450Use the high-low method to estimate total fixed cost and variable cost per cavity filled. Round your answers to 2 decimal places.Fixed Cost _____Variable Cost per Unit _____Using these estimates, calculate Mountain's total cost for filling 550 cavities.Estimated Total Cost _____
Business
1 answer:
Phantasy [73]1 year ago
3 0

Answer:

The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively

Explanation:

1. The computation of the variable cost per unit is shown below:

= (High total cost -  low total cost) ÷ (High number of cavities - low number of cavities)

= ($6,500 - $5,200) ÷ (675 - 350)

= $1,300 ÷ 325

= $4

2. The computation of the fixed cost is shown below:

Fixed cost  = total cost -  Variable cost

                  = $6,500 - (675 × $4)

                  =  $6,500 - $2,700

                  = $3,800

3. And, the total cost for 550 cavities would be equal to

= Fixed cost + variable cost

= $3,800 + (550 cavities × $4)

=  $3,800 + $2,200)

=  $6,000

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Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? C
Lelu [443]

Answer:

As you are starting at 45 years until 65 years, meaning you got only 20 years. So, the best investment options I recommend are,

  • Certificate of Deposit
  • Bonds
  • Mutual Funds

Explanation:

First of all, in terms of investing, 20 year time span is NOT that beneficial or wise! Because as you know, to gain the true effect of compounding, it is always better to start early and go on for about 30 or 40 years, even 50! Google about "Warren Buffet"!

However, in this case, the 3 options mentioned above are much better. But I'm not saying others are bad.

Certificate of deposits, Bonds and Mutual funds are relatively less riskier and does not fluctuate much with the market.

Moreover, the interest  yields are preferably higher.

Given that the interest rate remains relatively at a higher lever, these 3 options will pay of a decent contribution through compounding over the course of 20 years.

8 0
1 year ago
Geoff hesitated as he read the fast food menu, unsure whether he should supersize his order of delicious golden French fries. Do
erma4kov [3.2K]

Answer:

Geoff's target service level is 0.76

Explanation:

Doing so would expand his expense from $0.99 to $1.59 and could very well give him the sustenance he expected to endure the second 50% of his day at the workplace. Obviously, in the event that he completed his cheeseburger and the typical measure of fries, he would essentially discard the additional ones. In any case, on the off chance that he neglected to supersize his request, he would need to take a confection break mid-evening and they weren't actually offering them away in the reprieve room candy machines. He would probably require two pieces of candy, which sold for $0.95 each.

5 0
1 year ago
Read 2 more answers
Pricing objectives are derived from broader marketing objectives. Organizations using a multisegment marketing approach to marke
spin [16.1K]

Answer:

True

Explanation:

An organization that makes use of multisegment marketing approach is undoubtedly a big company that have established name for itself. This means that, the organization or company is well known and that it is an household name in the industry. Therefore, such company has the capacity of using multisegment marketing approach.

But a small company will only make use of one pricing method, this is to attract people to its products. And avoid competing with the established organizations. So, in the process, creating name for itself.

8 0
2 years ago
On January 1, 2017, Christel Madan Corporation had inventory of $56,000. At December 31, 2017, Christel Madan had the following
lara [203]

Answer:

Gross Profit = $304,050

Operating expenses = $162,050

Explanation:

The computation of gross profit and operating expenses is shown below:-

Net purchases = Purchase - Purchase discounts - Purchase returns and allowances

= $505,500 - $7,250 - $3,500

= $494,750    

Cost of goods sold = Net purchases + Freight-in + Inventory + Ending inventory

= $494,750 + $4,100 + $56,000 - $66,000

= $488,850    

Gross profit = Net sales - Cost of goods sold

= ($810,000 - $5,100 - $12,000) - $488,850

= $304,050

Operating expenses = Gross profit - Net income

= $304,050 - $142,000

= $162,050

7 0
1 year ago
Assuming that Novartis AG (NVS) has a book value of $5.55, based upon the average price - to - book ratio for its competitors, N
astraxan [27]

Answer:

The correct option : D)

<u> $ 44.35 </u>

Explanation:

Price Earning ( P/E) Ratio is computed as : Market Price of the Stock / Earnings per Share (EPS) or

Market price of the stock = P/E Ratio x EPS

Market price of Novartis share = 13.24 x $ 3.35 = $ 44.35

Price to Book ( P / B) :

Go to the balance sheet of the company. Find out the book value of stockholders' equity. Divide the value by the number of common shares outstanding. That would give you the book value of each common share. Divide the market price of the stock by its book value. This is the P/B ratio.

3 0
1 year ago
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