Based on the number of bikes produced and the costs incurred, the cost per bike would be $85 per bike.
First find the total cost of producing all the bikes.
Total cost of production= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
What is the cost per Bike?= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
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What does the example of sliced bread teach us about business?
The example of sliced bread teach us It teaches us that no matter how are excellent one's product or service is, if a person do not market or spread it to the world, it will not sell that much.
It connote that for one's business to have success, one do need to spread it so that a lot of people know that this product do exists and that is a very good one.What is your business marketing plan?A marketing plan is known to be a component of a business plan. Marketing plans is one that has all the information about a firm's products and/or services and tells how potential customers will be known.
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The amount of a product or service that people will buy at a certain price is known as the
The amount of a product or service that people will buy at a certain price is known as the demand.
What is demand?Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Demand is based on preferences and tastes, which can be explained in terms of the price, advantages, profit, and other factors.
According to the law of demand, if a product's price increases while other parameters remain the same, the quantity required of the product decreases. In other words, if the price of the good rises, the total amount of demand falls. The reason for this is that if customers' opportunity costs rise, they may choose to buy something else instead or decide not to buy it at all. Really intriguing ideas are the law of demand and its exceptions.
What is price?Customers exchange value or money for a certain item that will suit their requirements and wants, and this transaction is known as price. The exchanged value that a customer makes in exchange for an offering is measured by its price. Offerings in the marketplace can be dispersed among clients using prices as an economic mechanism. They also serve as indicators of how much demand there is for an offering as well as how much supply there is. A product's price reflects the total worth of the offering, which includes the value of all the raw materials and labor used to create the offering. The cost of a service takes into account all factors that contribute to its uniqueness.
Prices are governed by the rule of supply and demand. In other words, it increases or decreases until the quantity given and demanded are equal. The equilibrium price is where we find ourselves. A product's price increases when demand exceeds supply, making it available to only those purchasers who are willing and able to purchase it. The increase continues until supply and demand reach balance.
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A market segment consists of consumers who respond in different ways to a given set of marketing efforts. True False
Answer:
false
Explanation:
Dade Metals manufactures patio furniture. The company budgets overhead cost of $480,000 for the year. It also budgets 24,000 machine hours and 8,000 direct labor hours.
Required:
1. Compute the plantwide overhead rate, assuming the company allocates overhead based on (a) machine hours and (b) direct labor hours.
2. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on machine hours.
3. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on direct labor hours.
1. The computation of the plantwide overhead rate for Dade Metals is as follows, based on:
a) machine hours = $20 per machine hour ($480,000/24,000).
b) direct labor hours = $60 per direct labor hour ($480,000/8,000).
2. The allocation of overhead to Job 121 using machine hours is as follows:
Job 121 overhead cost = $3,200 ($60 x 160).
3. The allocation of overhead to Job 121 using direct labor hours is as follows:
Job 121 overhead cost = $9,000 ($60 x 150).
What is an overhead allocation basis?An overhead allocation basis is a base that overhead costs are allocated to units of production based on usage or consumption.
Overhead allocation is important in cost accounting to determine the cost of a product.
Data and Calculations:Budgeted overhead for the year = $480,000
Budgeted machine hours = 24,000 MH
Budgeted direct labor hours = 8,000 DLH
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How do you think entrepreneurship could help School leavers not to become an unemployment statistic
Answer:
Give them the knowledge to start their own business
Entrepreneurship could help School leavers not to become unemployed statistics as it could help them start their own business instead of doing a job.
What is Entrepreneurship?Entrepreneurship is an act of a person being an entrepreneur. It is defined as establishing and running your own business.
Entrepreneurship can help a student not to become an unemployed statistic as it gives them an opportunity to be their own boss. Rather than seeking a job, the student may start earning through his own business.
It also helps in job creation. The student rather than being an employee to someone else, can be an employer and create jobs for the others.
It, therefore, helps in eliminating unemployment from the economy.
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Regardless of the career you want to pursue, you can still get the _____ necessary to achieve success.
test
aptitude
money
help
Your organization is having a large party for its worldwide distributors in the United States. Because there will be people from all over the world, what would you serve for meals to avoid offending anyone?
Answer:
view commonly consumed meals across countries. Offer range of meals at the event
After the stomach food passes through
Answer:
After food enters your stomach, the stomach muscles mix the food and liquid with digestive juices. The stomach slowly empties its contents, called chyme, into your small intestine. Small intestine.
Explanation:
You have just been told to get your project done sooner. After a few conversations, you have overtime approved and need to set it up in your project. Which tip should you consider when adding overtime in Project
An overtime should be added with a perfect calculation that it motivates the employee but also not encourages him/her to work only in the non-business hours.
Overtime as a motivatorAn overtime can be added in a project in order to keep the employees motivated for working non-business hours.
But it is highly recommended that the overtime is added with a perfect calculation that it motivates the employee but also not encourages him/her to work only in the non-business hours.
Therefore the overtime should be added with a perfect calculation that it motivates the employee but also not encourages him/her to work only in the non-business hours.
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Your sister turned 35 today, and she is planning to save $55,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year.
Answer: $788,462.54H
Have a great day! :D
$87,88,949.21 she can spend each year after she retires. $7,88,462.54 Her first withdrawal will be made at the end of her first retirement year.
What is retirement?
Retirement is indeed the point in life at which one decides to retire from the workplace after a certain age after an attained amount of time. The person may take back from their work or may decide to get a job somewhere else.
Calculation of a retirement fund's accumulated amount for her sister will be
Number of years = 30
Rate of return = 7.50%
Yearly payment = $85,000.00
Amount accumulated at retirement = $87,88,949.21
Calculating the yearly withdrawals for her sister will be
Amount accumulated at retirement (PV) = $87,88,949.21
Rate of return = 7.50%
Number of years = 25
Annual withdrawals = $7,88,462.54
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Scenario 26-1. Assume the following information for an imaginary, closed economy. GDP $100,000 Taxes $22,000 Government Purchases $25,000 National Saving $15,000 Refer to Scenario 26-1. This economy's government is running a budget a. deficit of $3,000. b. surplus of $3,000. c. deficit of $12,000. d. surplus of $12,000.
Based on the imaginary country's GDP, Taxes and purchases, the country is running a. a deficit of $3,000.
How is the country running a deficit?A budget deficit describes a situation where the taxes are less than government purchases.
This is the situation in this country with taxes at $22,000 and Purchases at $25,000.
The deficit is therefore:
= 25,000 - 22,000
= $3,000
In conclusion, option A is correct.
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The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair. This places a wedge between the
price buyers pay and the price sellers receive.
Fill in the following table with the quantity sold, the price buyers pay, and price sellers receieve before and after the tax.
The filled table, showing the quantity sold, the buyers' price, and the price sellers receive before and after the imposition of a tax of $40.60 per pair of jeans, is as follows:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $100.00 $100
After-tax 430 $105.60 $65 ($105.60 - $40.60)
Tax burden 70 $5.60 $35
($105.60 - $100) ($100 - $65)
What is a tax wedge?The tax wedge is a measure of the difference between before-tax and after-tax prices that buyers and sellers pay and receive, respectively.
The tax wedge or burden shows the amount ($40.60 per pair) that the government which institutes the tax receives.
Question Completion:Table showing the variables to fill:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $ $
After-tax 430 $ $
Tax burden $ $
See attached graph for details.
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The graph illustrates that the quantity and the price before tax are 50 and $100 respectively.
How does the graph illustrate the price?From the complete question, in the graph, it can be noted that the quantity and the price before tax are 50 and $100 respectively.
Also, the quantity and the price after tax are 45 and $105.60 respectively. the increase in the tax brought about the reduction in the quantity demanded.
Lastly, the tax burden on the buyers will be:
= $105.60 - $100
= $5.60
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As the owner of a small business, you have decided to apply for a loan
to expand your locations. Information that you most likely will need to
provide to the lender include all but:
a. current sales and expense figures.
b. projected sales and expense figures.
c. the cost of the expansion.
d. the average value of homes in your neighborhood.
Answer:
Sales revenue is the income received by a company from its sales of goods or the provision of services. In accounting, the terms “sales” and “revenue” can be, and often are, used interchangeably to mean the same thing. It is important to note that revenue does not necessarily mean cash received. A portion of sales revenue may be paid in cash and a portion may be paid on credit, through such means as accounts receivables.
Sales revenue can be listed on the income statement as either the gross revenue amount or net revenue. Net revenue includes all deductions for the return of goods, the possibility of undeliverable merchandise and the expense for unrecoverable accounts receivables (also known as “bad debt expense”, which flows into the balance sheet as the allowance for doubtful accounts).
Gross revenue, on the other hand, does not include these deductions. The gross revenue presentation will have the deductions listed below gross revenue, and a subtotal for net revenue below that.
Explanation:
(Topic: Economics)
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.
[See image.]
Round your answers to two digits after the decimal.
----------
1a) What is the total cost when producing zero units?
total cost: $
1b) What is the marginal cost for the first unit? marginal cost: $
1c) What is the average total cost when producing three units?
average total cost: $
1d) What is the average variable cost when producing four units?
average variable cost: $
----------
Anyone who answers all four parts of this ECON question correctly will be awarded Brainliest!
The total cost when producing zero units is $20.
The marginal cost for the first unit is $50.
The average total cost when producing three units is $65.67.
The average variable cost when producing four units is $98.
What are cost functions?Fixed cost is cost that does not change with the quantity of output produced. An example of fixed cost is rent. Average fixed cost is fixed cost divided by total output.
Variable cost is the cost that changes with output. It increases the more output is produced. Average variable cost is variable cost divided by total output.
Total cost is the sum of fixed cost and variable cost. Average total cost is total cost divided by total output. Marginal cost is the change in total cost.
Total cost of producing zero units = fixed cost + variable cost
$20 + 0 = $20
Marginal cost of the first unit = (total cost of the first unit - total cost of the zero unit) / (2 - 1)
Total cost of the first unit = (average variable cost x total output) + fixed cost$20 + 50 = $70
Marginal cost = (70 - 20) / (2 - 1) = $50
The average total cost when producing three units = Total cost / total units
Total cost of three units = marginal cost of three units + total cost of two units
Total cost of two units = 105 + 92 = $197
The average total cost = $197 / 3 = $65.67
The average variable cost when producing four units = (412 - 20) / 4 = $98
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Which pair of characteristics is associated with a pure public good?
A Nonrival consumption and ability to exclude nonpayers
B Increasing marginal utility of consumption and a free-rider problem
C Rival consumption and an ability to exclude nonpayers
D Rival consumption and a free-rider problem
Answer:
d.rival consumption and a free-rider problem
Explanation:
sana makatulong
The dual characteristics of a pure public good are as stated in option (A): "Non-rival consumption and ability to exclude nonpayers."
What are pure public goods?Goods that are neither excludable nor completely non-rival in consumption. Consumption that is not competitive: One person's consumption of good has no bearing on another person's ability to consume the good.
Due to these qualities, it is challenging for market producers to sell the goods to individual customers. Nonexcludable refers to a good that makes it difficult or expensive for one user to bar another user from utilizing it.
Public goods are products or services that are beneficial to all members of society and are frequently offered at no cost as a result of public taxes.
Security, education, knowledge, infrastructure, the environment, and health are examples of public goods.
Therefore, as a result, option (A) the free ability to exclude non-payers and non-rival consumption are the pair of characteristics of pure public goods.
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AcerWare Inc. manufactures external hard disks for $32 per unit, and the maximum price customers are willing to pay is $47 per unit. Data Driver Inc. is a competitor of AcerWare Inc. that produces external hard disks for $37 per unit, and customers are willing to pay a maximum price of $50 per unit. What does this imply? Multiple Choice AcerWare and Data Driver share differentiation parity. Data Driver has a competitive advantage over AcerWare in terms of perceived value. AcerWare creates a greater economic value than Data Driver. Data Driver is a cost-leader when compared to AcerWare.
Based on the price and amount that customers are willing to pay, Data Driver has a competitive advantage over AcerWare in terms of perceived value.
Why does Data Driver have this competitive advantage?A company is said to have a competitive advantage in perceived value over another company if customers are willing to pay more for its goods than the competitors.
DataDriver has a willingness to pay of $50 and AcerWare has a willingness to pay of $47. DataDriver therefore has a competitive advantage here.
In conclusion, option B is correct.
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Identify the ratio you would use to find out how the no-show's affect the practice. Explain why?
Answer:
To calculate your practice's no-show rate, simply divide the number of no-shows (including late cancellations) by your total number of weekly appointments. For example, if your practice typically sees 50 patients each week, and you have five no-shows, your no-show rate is 5 divided by 50, or 10 percent.
Explanation:
THANKTOU(*.*)
Why it is important to protect your car
Answer:
because your car takes you to places. some people have jobs miles away and would need a car to take them there. cars are very useful and everybody needs one so it's better to protect your car that way you actually have a car to get where you need to be
Blossom Company reported net sales of $263,000, cost of goods sold of $157,800, operating expenses of $49,500, net income of $42,080, beginning total assets of $482,800, and ending total assets of $626,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)
The profit margin and gross profit rate of Blossom Company are 16% and 66.67%
What is profit margin?The profit margin is a ratio of a company's profit (sales minus all expenses) divided by its revenue. The profit margin ratio compares profit to sales.
Profit margin
= Net income / Net sales = $
= $42,080 / $263,000
= 16%
Gross profit rate
= Goss profit divided / Net sales x 100
First, we need to compute the gross profit.
Gross profit
= Net sales - Cost of goods sold
= $263,000 - $157,800
= $105,200
Then,
Gross profit rate
= $105,200 / $157,800
= 66.67%
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Eleven years ago, a guitar cost $1,800. Today, that same guitar costs $3,650. What has been the inflation rate on this instrument
The inflation rate on this instrument has been 102.78%.
How is the inflation rate calculated?To calculate the inflation rate, subtract the starting price ($1,800) from the later price ($3,650), and divide $1,850 by the starting date ($1,800), which is then multiplied by 100.
Data and Calculations:Cost of guitar eleven years ago = $1,800
Current cost of guitar = $3,650
Inflation in dollar terms = $1,850 ($3,650 - $1,800)
Inflation rate on guitar = 102.78% ($1,850/$1,800 x 100)
Thus, the inflation rate on this instrument has been 102.78%.
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A product falls in price by 8% and total expenditure remains unchanged. What time of price elasticity of demand does the product possess ?
A. Unitary
B. Perfectly inelastic
C. Elastic
D. Perfectly elastic
Answer:
C
Explanation:
And an anonymous survey, 2.5% of your employees say that they are “ready to quit”. You employ 50,000 people. How many are ready to quit?
Answer:
1250
Explanation:
2.5%*50,000=1250
or
50,000*0.025=1250
QUES 1.In a multi-product company, if they decide to discontinue some products how would they decide which products to drop? Explain using an appropriate model.
I don't know what the question means to use an appropriate model, but i do know that the products that aren't being bought by customers would be discontinued. This would be because its not making enough money compared to the other products, so therefore it would be discontinued.
Perhaps the greatest risk for a company that chooses to pursue an integrated low cost/differentiation strategy is that it will
The greatest risk of a low-cost provider strategy is getting lost with overly high price reduction and ending up with lower profit.
Low-cost / low-price advantageIt results in high profit only if;
(1) prices are reduced by less than the size of the cost advantage or (2) the added volume is large enough to bring in a bigger total profit despite lower margins per unit sold.Therefore, the greatest risk is a low profit.
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The yield on a one-year Treasury security is 4.2300%, and the two-year Treasury security has a 6.3450% yield. Assuming that the pure expectations theory is correct, what is the market’s estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
7.2275%
10.7987%
9.6933%
8.5029%
Recall that on a one-year Treasury security the yield is 4.2300% and 6.3450% on a two-year Treasury security. Suppose the one-year security does not have a maturity risk premium, but the two-year security does and it is 0.2%. What is the market’s estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
9.2285%
6.8809%
8.0952%
10.2809%
Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market’s estimate of the three-year Treasury rate two years from now? (Note: Do not round your intermediate calculations.)
6.53%
5.46%
6.45%
7.10%
Based on the yields given on the Treasury securities, the market estimate of the Treasury rates would be:
8.5029%8.0952%6.45%What is Market estimate for One-Year Treasury Rate in a year?This can be found as:
= ( ( 1 + two year rate) ^ Number of years / ( 1 + one year rate) ) - 1
= ( ( 1 + 6.3450%) ² / ( 1 + 4.23%) ) - 1
= 8.5029%
What is Market estimate of one year Treasury Rate given maturity premium?This can be found as:
= ( ( 1 + two year rate - maturity premium) ^ Number of years / ( 1 + one year rate) ) - 1
= ( ( 1 + 6.3450% - 0.2%) ² / ( 1 + 4.23%) ) - 1
= 8.0952%
What is the market’s estimate of the three-year Treasury rate in two years?= ( ( 1 + five year rate) ^ Number of years / ( 1 + two year rate)^number of years) ^ ( 1 / period of Treasury yield) - 1
= ( ( 1 + 6.20% ) ⁵ / ( 1 + 5.83%)² ) ¹/³ - 1
= 6.45%
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Explain a commitment to a decision could assist a school leaver to the change of entrepreneurship
Decision are more of resolution made after a decision on a particular project or work.
Being committed means following the process all through to the end without any iota of doubt
Some of the decision that could assist include
Engagement of the community about your new product is key as an entrepreneur.Being a visionary is important and as a visionary, you must expand your vision to include the community at large.Enhancement of learning opportunities by providing students with the required resource and experienceLearn more on commitment here; https://brainly.com/question/472211
On the store shelf at Walmart, there are two types of mustard. French's, which is a ________ brand, and Walmart's Great Value, which is a ________ brand.
Answer:
private label, manufacturer
Explanation:
The blanks can be filled as, "On the store shelf at Walmart, there are two types of mustard. French's, which is a private label brand, and Walmart's Great Value, which is a manufacturer brand.
What is a brand?A brand can be defined as a name, term, design, or any other feature that makes a product or service different in the market.
A private brand refer to the product or service brand that manufactures especially refers for a retailer. They are often sold in the supermarket. Hence French is a private brand.
The manufacturer brand refers to the brand that is introduced by the producer himself and is sold in the market under the name of the producer. Hence Walmart's Great Value is a manufacturer brand.
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Mary and John, a young couple, come to you asking for financial advice. They recently graduated and have found entry-level positions in their chosen professions. They never received any formal financial education, but someone did give them a couple of The Wealthy Barber, and they read it.
Now they want to take action and begin saving for their future. Right now, they wish to save money for their 1-year old daughter’s college/university education.
They know how the Registered Education Savings Plan (RESP) works and consider themselves moderate risk-takers, given that they have an 18-year time horizon. However, they want to know how to invest through lump-sum (PMT = 0) or dollar cost (PV = 0) averaging?
Assume they could invest a maximum of $3,000 per year and earn a 6% annual return.
Your answer should address the following:
a) You will explain both the terms in simple language to the couple. (2 Marks)
b) Explain the advantage and disadvantages of both strategies. (4 Marks)
c) Recommend one strategy based on the discussion. There is no right or wrong answer here. Marking will be given based on your argument and conclusion. (1.5 Marks)
a) The lump-sum investment means that the young couple, Mary and John, will invest the total sum of $54,000 (18 x $3,000) at the beginning of the investment period, which yields a future value worth $154,134.31 at the end of the 18-year investment period,
On the other hand, the annuity investment of $3,000 implies that Mary and John will invest $3,000 annually, which yields a future value worth $98,279.98 at the end of the 18-year investment period.
b) The advantage of the lump-sum investment strategy over the annuity investment lies in the total interest generated, which is also compounded over the years.
Interest compounding means that Mary and John would be earning interest on interest.
The disadvantage of the lump-sum strategy, which becomes the advantage of the annuity investment, is that Mary and John may not afford the lump-sum at the beginning of the investment.
c) Since Mary and John could only afford to invest $3,000 annually, they should go ahead with the annuity investment.
The recommendation of the investment strategy is based on the financial status of Mary and John at the beginning of the investment because they are:
Financially literateModerate risk-takers. What is future value?The future value of an investment is the value of the cash flows in a future period. The future values of each investment strategy can be determined using the following future value formula:
FV = PV (1+r)^{n}
FV = future value
PV = present value
r = annual interest rate
{n} = number of periods interest held
Alternatively, it can be computed using an online finance calculator as follows:
Data and Calculations:
Lump-sum investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $54,000
PMT (Periodic Payment) = $0
Results:
FV = $154,134.31
Total Interest = $100,134.31
Annuity Investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $0
PMT (Periodic Payment) = $3,000
Results:
FV = $98,279.98
Sum of all periodic payments = $54,000 (18 x $3,000)
Total Interest = $44,279.98
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Which of the following is included in comprehensive income? Distributions to owners. Changes in accounting principles. Investments by owners. Unrealized gains on available-for-sale securities.
The options that are included in comprehensive income are: Unrealized gains on available-for-sale securities.
What is Comprehensive Income?Comprehensive income is a term that refers to the gains and losses that a company is yet to realize during its accounting period.
The gains, losses, revenue, that are yet to be classified can be classified as comprehensive income.
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I need help w/ this! No links please.
The subject is Economics/Business.
Answer:
The correct answer is dividends
Explanation:
Dividends are corporate earnings that companies pass on to their shareholders.