B) its businesses can invest in the future
Answer:
Results are below.
Explanation:
Giving the following information:
Month Number of instruments used Total autoclave cost
January 634 $7,466
February 534 6,526
March 734 7,148
April 934 9,028
May 834 7,744
June 1,034 8,596
July 1,234 10,009
August 1,134 9,924
<u>To determine the fixed and variable cost, we need to use the high-low method:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,009 - 6,526) / (1,234 - 534 )
Variable cost per unit= $4.9757 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,009 - (4.9757*1,234)
Fixed costs= $3,869
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 6,526 - (4.9757*534)
Fixed costs= $3,869
Total cost= 3,869 + 4.9757x
x= number of instruments
Answer:
The correct answer is letter "A": having proven technological expertise and an ability to churn out new and improved products on a regular basis.
Explanation:
Resources are all those components that organizations use for production. Mostly known as the factors of production they are:
- Land: <em>physical territory where the company handles its operations including its raw materials.
</em>
- Capital: <em>monetary resources, machinery, </em><u><em>technology</em></u><em>, and buildings. Social and intellectual capital.
</em>
- Labor: <em>people performing physical and intellectual work.
</em>
- Entrepreneurship: <em>innovation to use the land, capital, and labor at its maximum level possible.</em>
<em />
Therefore<em>, technology is a source useful for production from where companies can create other goods. Combined with expertise it could represent a competitive advantage that allows firms to outstand.</em>
Answer:
The correct answer is 45%.
Explanation:
According to the scenario, the given data are as follows:
Selling price = $640
Variable cost = $352
Annual fixed cost = $985,500
Current sales volume = $4,390,000
So, we can calculate the contribution margin ratio by using following formula:
Contribution margin ratio = (Contribution margin per unit ÷ selling price per unit ) × 100
Where, Contribution Margin = Selling price - Variable cost
= $640 - $352 = $288
So, by putting the value in the formula, we get
Contribution margin ratio = ( $288 ÷ $640 ) × 100
= 0.45 × 100
= 45%
Probability assigned:|
x 30 60 120 180
P(x) .10 .40 .40 .10
Answer:
Jane
Price of Groupon for a revenue of $300 is:
$3
Explanation:
a) Data and Calculations:
Expected Sales volume:
Number of Tubes x 30 60 120 180
Probability P(x) .10 .40 .40 .10
Expected values 3 24 48 18
Total = 93 tubes
Groupon price = $300/93 = $3.23
b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily. The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.