Elle's elephant shop sells giant stuffed elephants for $55 each. each elephant has variable costs of $10 and total fixed costs are $700. if ellie sells 35 elephants this month?
Answers
The total profits will be computed at $875. The total variable cost will be computed at $350. The total sales will be computed at $1925. The price of the elephant is $55. Variable cost is provided at $10. Total fixed costs are provided at $700.
Total sales of the elephants are 55 × 35 = $1925
Variable costs will be 10 × 35 = $350.
So the contribution will be 1925 -350 = $1575.
Total fixed costs will be $700.
Total profit will be $1575 - $700 = $875.
The contribution amount means the amount which is left after deducting the variable costs from the sales. To arrive at the profits we are required to reduce the fixed costs from the contribution.
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Your question was incomplete. The complete question is given below:
Elle's Elephant Shop sells giant stuffed elephants for $55 each. Each elephant has variable costs of $10 and total fixed costs are $700. If Ellie sells 35 elephants this month, what are the profit, total variable costs, and total sales?
Related Questions
Polani was giving ahmed directions to her house. She told him to turn right at the gas station, and then go straight for three lights. He was then supposed to turn left at the fast-food restaurant. What is polani using to help ahmed recall the directions to her house?.
Answers
Based on the fact that Polani was using the gas station, lights, and the fast-food restaurants, the factor used to help Ahmed recall the directions were landmarks.
How to direct with landmarks?Directing a person with landmarks is one of the best and most effective ways to direct people. This is because landmarks are easily noticeable and so can be used as markers to help a person to navigate across town and reach their destination.
Polani used the landmarks, the gas station, street lights, and the fast-food restaurant. Getting to each of these places is easy because it is noticeable so Polani used landmarks to help Ahmed.
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Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months at an APR of 12.5%. Determine Teagan's monthly payment. Round your answer to the nearest cent, if necessary. Formulas
Answers
Answer:
$78.06
Explanation:
For computing the monthly payment we need to apply the PMT formula i.e. to be shown in the attachment below:
Given that,
Present value = $1,650
Future value or Face value = $0
RATE = 12.5% ÷ 12 = 1.0416%
NPER = 24 months
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the monthly payment is $78.06
In 2017, approximately 250 million people in the United States were above the age of 18. Assuming that each individual purchased $906 worth of gifts, what was the total deadweight loss associated with gift-giving in the United States?
Round your answer to the nearest billion dollars.
Answers
$22,560,000 is the total deadweight loss associated with gift-giving in the country.
The deadweight loss refers cost that occurs when supply and demand are out of equilibrium and thus, creates market inefficiency.
Total amount of gift purchased = Total people * Each individual gift worth
Total amount of gift purchased = $250,000,000 * 906
Total amount of gift purchased = $226,500,000,000
Average recipient's valuation = 90 * $906 / 100
Average recipient's valuation = $81,540/ 100
Average recipient's valuation = $815.4
Total average recipient's valuation = Total people * Average recipient's valuation
Total average recipient's valuation = 250,000,000 * $815.4
Total average recipient's valuation = $203,850,000,000
Deadweight loss = Total amount of gift purchased - Total average recipient's valuation
Deadweight loss = $226,500,000,000 - $203,850,000,000
Deadweight loss = $22,650,000,000
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The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $70 million. Government spending also increases by $70 million and consumption falls by $10 million. If GDP remains the same and Alpetra is a closed economy, then investment ___
Answers
If GDP remains the same in a closed economy, and income tax revenues and government spending both increase by $70 million while consumption falls by $10 million, then investment would also decrease by $70 million.
In a closed economy, GDP is equal to the sum of consumption (C), investment (I), and government spending (G). Mathematically, GDP = C + I + G.
Given that GDP remains the same, and consumption (C) falls by $10 million, we can assume that the increase in tax revenues and government spending (both by $70 million) offsets the decrease in consumption.
Therefore, the equation can be expressed as follows:
GDP = (C - $10 million) + I + (G + $70 million).
Since GDP remains unchanged, we can equate the two equations:
C + I + G = (C - $10 million) + I + (G + $70 million).
By canceling out similar terms, we have:
$10 million = $70 million.
From this equation, we can deduce that investment (I) must decrease by $70 million to maintain the equilibrium condition.
In the given scenario, where GDP remains the same, an increase in tax revenues and government spending along with a decrease in consumption result in a decrease in investment by $70 million in Alpetra's closed economy. This adjustment helps maintain the equilibrium condition, ensuring that the total output (GDP) remains unchanged.
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June enters into a contract with Steeley Company to purchase a washer and dryer. She doesn’t understand the financing terms but signs the agreement anyway because she needs the appliances. The financing terms violate state laws on interest rate limits and she is unable to make all of her payments when they are due. Steeley sues when June breaches the contract. The court would:
Answers
Answer: be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise.
Explanation:
Judicial restraint simply means a situation whereby judges aren't allowed to inject their own preferences into rulings and legal proceedings. It simply means that judges should limit exercising their own power during legal proceedings.
In this case, since June doesn't understand the contract but still signed, the court would be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise. It's advisable for the court not to interfere in the matter and follow the normal proceedings.
Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answers
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
When creating a résumé, other experiences should be included only if they are relevant to the job objective.truefalse
Answers
When creating a résumé, other experiences should be included only if they are relevant to the job objective. true
Why is it crucial to just include information that is relevant on your resume?
Recruiters want to be certain that you are serious about the position and are not simply flooding the internet with applications for every open position. This implies that if you have a lot of expertise in other, unrelated subjects, you might want to opt to concentrate exclusively on those that are specifically relevant to the career or field you seek.
Employers may learn more about you, see your qualifications, and request an interview by reviewing your resume.
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What is the difference between incarceration and probation?
A. Incarceration is only for federal level punishment.
B. Incarceration involves jail time, while probation does not.
C. Incarceration is a longer period of time than probation.
D. With incarceration, the crime was more serious than with
probation
Answers
Answer:
B. Incarceration involves jail time, while probation does not.
Explanation:
The defendant pleads guilty and is given probation instead of incarceration. Probation reduces recidivism or the likelihood to recommit a crime.
Answer:
Incarceration involves jail time, while probation does not.
Explanation:
Which of the following is a challenge for a business that wants to begin exporting?
A) increasing company profits.
B) identifying a target market.
C) improper use of a trademark
D) Generate tax dollars for another country.
Answers
assuming the same cost given in the end materials prices for december 2021 for wide flanges, determine the total cost for a 40-ft length of w14x211. (note: cwt is the unit cost per hundred pounds.)
Answers
The total cost of a 40-ft length of W14x211 wide flanges based on the cost given in the end materials prices for December 2021. The unit cost per hundred pounds (cwt) is provided, and the calculation is required to determine the total cost.
The total cost for a 40-ft length of W14x211 wide flanges, the first step is to determine the weight of the wide flange per foot. The weight per foot of the W14x211 wide flange can be obtained from engineering tables or specifications. Once the weight per foot is known, it can be multiplied by the length of 40 ft to calculate the total weight of the wide flange.
Next, the total weight is divided by 100 to convert it from pounds to hundredweight (cwt). Finally, the total cwt is multiplied by the given unit cost per cwt to determine the total cost for the 40-ft length of W14x211 wide flanges based on the December 2021 end materials prices.
By following these steps, the calculation will yield the total cost for the desired length of wide flanges, using the given cost per cwt from the materials prices.
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opportunity cost part 2 a. only is considered for goods in short supply. b. is the value of all alternatives forgone as a result of choosing some given alternative. c. is the value of the next best alternative as a result of choosing some given alternative. d. either b or c.
Answers
Opportunity cost is the value of the next best alternative as a result of choosing some given alternative i.e. Option C
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable. Understanding the potential botched open doors when a business or individual picks one venture over another takes into consideration better direction. The equation for ascertaining an open door cost is basically the contrast between the normal returns of every choice. Opportunity cost examination assumes a pivotal part in deciding a business' capital construction. A firm causes a cost in giving both obligation and value money to repay banks and investors for the gamble of venture, yet each likewise conveys an open door cost.
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Complete Question -
Opportunity cost
A. only is considered for goods in short supply.
B. is the value of all alternatives forgone as a result of choosing some given alternative.
C. is the value of the next best alternative as a result of choosing some given alternative.
D. either B or C.
| Personal Finance |
If you have to pay your car insurance deductible, which is the best place to get the money?
A) your emergency fund
B) your insurance company
C) your credit card
D) your family
Answers
If the individual have to pay your car insurance deductible, the best place to get money is your credit card. Thus, option C is correct.
What is deductible in insurance?The amount that you must pay before the insurer starts to pay the remainder of the claim amount is known as the "deductible" and is strongly related with insurance. How it functions If the deductible for your insurance policy is $50,000, you are responsible for covering all qualifying costs up to that amount.
When a disease or injury necessitates costly medical care, low deductibles are desirable. High-deductible insurance policies provide you access to HSAs and more reasonable premiums. HSAs can serve as a source of retirement income and provide three different tax advantages.
Your credit card is the finest source of funding if you have to pay your auto insurance deductible. Option C is correct as a result.
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A commodity is something with cash value that can be bought or sold.
true or false
Answers
Answer:
True
Explanation:
The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Answers
Answer: See Image Below
The adjusting entries for Skysong, Inc. for March is prepared from the given selected accounts before adjusting entries have been prepared.
What are adjusting entries?Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.
The adjusting entries are as follows:-
No. Date Account Tiles and Explanation Debit Credit
1. March 31 Depreciation expense 756
Accumulated Depreciation expense 756
2. March 31 Unearned Rent revenue 5580
Rent revenue 5580
3. March 31 Interest Expense 360
Interest payable 360
4. March 31 Supplies Expense 1935
Supplies 1935
5. March 31 Insurance Expense 1080
Prepaid Insurance 1080
Therefore, the adjusting entries are prepared on March 31.
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Industries X and Y both have four-firm concentration ratios of 90 percent, but the Herfindahl index for X is 7,814, while that for Y is 8,206. These data suggest Multiple Choice greater market power in X than in Y. greater market power in Y than in X. O that X is more technologically progressive than Y. that price competition is stronger in Y than in X.
Answers
The given concentration ratios and Herfindahl index of Industries X and Y suggest greater market power in Y than in X.
The Herfindahl index is a market concentration metric that calculates the market concentration of a group of suppliers. It is the sum of the squares of the percentage market shares of all the firms that operate in a particular industry. It ranges from 0 to 10,000, with higher values indicating greater concentration.
A four-firm concentration ratio is a ratio that calculates the market share of the four largest firms in an industry. In other words, the percentage of total market share that is controlled by the four biggest firms is the four-firm concentration ratio (CR4).
The data provided for Industries X and Y suggests that both have a 90% four-firm concentration ratio. However, the Herfindahl index is 7,814 for Industry X and 8,206 for Industry Y.
A higher Herfindahl index indicates a greater concentration of market power among fewer companies. Therefore, the higher Herfindahl index of Industry Y suggests greater market power in Y than in X.
Therefore, the correct option is "greater market power in Y than in X."
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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answers
Answer: A
Explanation: not sure, but i think its correct
why do competitive markets work better for life insurance than for income insurance?
Answers
Answer:Because insurance market is competitive, when companies become profitable, they start adopting a more lenient underwriting criteria and lower their premiums to grab more market share.
Explanation:
Other insurance companies react by adopting the same policies, to prevent their shares taken away or to increase their market share.
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Which IMC tool helps an organization and its publics relate to each other to the benefit of both? A) advertising. B) personal selling. C) publicity
Answers
The correct answer is option C). The IMC tool that helps an organization and its publics relate to each other to the benefit of both is publicity.
Publicity is the process of getting free media coverage for an organization's products, services, or activities. It can be in the form of news articles, press releases, or other types of media coverage. Publicity helps an organization to establish a relationship with its publics by creating awareness about the organization and its offerings.
The main advantage of publicity is that it is more credible than advertising or personal selling. This is because the information is coming from a third-party source, such as a journalist or news outlet, rather than the organization itself. As a result, people are more likely to believe the information and be influenced by it.
Another advantage of publicity is that it can be more cost-effective than other IMC tools. While advertising and personal selling can be expensive, publicity is often free or low-cost. This makes it an attractive option for organizations that have limited budgets but still want to reach their target audience.
In summary, publicity is the IMC tool that helps an organization and its publics relate to each other to the benefit of both. It is a cost-effective and credible way for organizations to establish a relationship with their publics and enhance their reputation.
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_____ refer(s) to a decision bias influenced by the way in which a problem or decision alternative is phrased or presented
Answers
Framing effect refer(s) to a decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
The framing effect is a cognitive bias where people's choices are influenced by the way options are presented to them. It occurs when people react differently to a choice depending on how it is framed or presented. For example, the same decision can be presented as a gain or a loss, and people tend to be more risk-averse when it is framed as a loss, and more risk-seeking when it is framed as a gain.
The framing effect can be influenced by various factors such as the context, the language used, and the presentation format. Understanding the framing effect can help individuals make more rational decisions by being aware of the way choices are presented to them.
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Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Answers
Answer:
B. 466
Explanation:
All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:
\(6654(0.07)=465.78\)
Answer:
I believe that the answer is B
Explanation:
In three or four sentences, describe the differences and similarities you notice between the two insurance quotes.
1.) "Expect the best, but be prepared for the worst."
2.)live in the moment before the moment dissapears
Answers
The first quote emphasizes the importance of optimism while acknowledging the need for preparedness in uncertain situations, suggesting a cautious approach to managing risks. On the other hand, the second quote encourages living in the present moment, appreciating its fleeting nature.
The two statements seem to be unrelated to insurance quotes. Both quotes share a common theme of acknowledging the unpredictable nature of life and the importance of being mentally present, but they approach it from different perspectives.
While the first quote focuses on anticipating and planning for potential negative outcomes, the second quote emphasizes the value of cherishing the present without dwelling on the past or worrying about the future.
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What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Answers
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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There will be a lower equilibrium price and quantity if _____.
demand increases and supply increases
demand increases and supply decreases
demand decreases and supply stays the same
none of the above
Answers
Answer:
Its C demand decreases, and supply stays the same.
Explanation:
I took the test and got a 100%
What are 5 parties in a design-build contract that can provide
3d modleing?
Answers
In a design-build contract, there are several parties that can provide 3D modeling. The parties are design-build firm, architect, engineering consultants, subcontractors and BIM specialists.
Here are five possible parties:
1. Design-Build Firm: The design-build firm itself often has an in-house team of professionals who specialize in 3D modeling. They use software like AutoCAD, Revit, or SketchUp to create detailed 3D models of the project.
2. Architect: Architects play a crucial role in the design-build process. They can provide 3D modeling services to visualize the project and communicate design ideas effectively. They may use tools like Rhino or ArchiCAD to create accurate 3D models.
3. Engineering Consultants: Depending on the project requirements, engineering consultants such as structural, mechanical, or electrical engineers may also contribute to the 3D modeling process. They use software like SolidWorks or Tekla Structures to create detailed models specific to their discipline.
4. Subcontractors: Subcontractors involved in the construction process, such as HVAC contractors or plumbing contractors, may also provide 3D modeling services. They create models of their specific systems to ensure proper integration and coordination with the overall design.
5. BIM Specialists: Building Information Modeling (BIM) specialists are experts in creating 3D models that incorporate data about various building components. They use software like Revit or Navisworks to generate highly detailed models with information on materials, quantities, and construction schedules.
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It is time for you to schedule a dental checkup. The responsible thing to do is to _____.
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Make the appointment for during lunch time so you work can take a long lunch
Make the appointment for Friday afternoon so you only miss half a day's work
Make the appointment either before or after work in such a way that it has little or no effect on your work schedule
Answers
Answer:
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Explanation:
The Accessories Outlet has total equity of $257,000, sales of$508,000, and a profit margin of 3.5 percent. What is the return onequity?
a. 1.77 percent
b. 2.32 percent
c. 4.58 percent
d. 6.92 percent
e. 8.14percent
Answers
Profit = Sales x Profit margin
Profit = $508,000 x 3.5% = $17,780
The return on equity can be calculated as:
Return on Equity = Profit / Total Equity
Return on Equity = $17,780 / $257,000 = 6.92%
Therefore, the answer is d. 6.92 percent.
The return on equity (ROE) is a measure of profitability that indicates how much profit a company generates with the money shareholders have invested. To calculate the ROE, we need to divide the net income by the total equity. In this case, the profit margin is given as 3.5 percent, which means that the net income is 3.5 percent of the sales revenue.
Therefore, the net income can be calculated as $508,000 x 0.035 = $17,780. To find the ROE, we divide the net income by the total equity: $17,780 / $257,000 = 0.069 or 6.9 percent. Therefore, the closest option is c. 4.58 percent, which is lower than the actual ROE of 6.9 percent. Option e. 8.14 percent is too high. 1. Determine the net income: Multiply the sales ($508,000) by the profit margin (3.5% or 0.035) to find the net income.
Net Income = $508,000 * 0.035 2. Calculate the return on equity (ROE): Divide the net income by the total equity ($257,000) and multiply by 100 to get the percentage.
ROE = (Net Income / $257,000) * 100 Now, let's perform the calculations:
1. Net Income = $508,000 * 0.035 = $17,780
2. ROE = ($17,780 / $257,000) * 100 = 6.92%
So, the return on equity for The Accessories Outlet is 6.92%.
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Which management function ensures that organizational activities are going as planned?.
Answers
Answer:
General management
Explanation:
General management overlooks everything that happens in the company or business
What do some of the careers projected to grow the fastest over the next 10 years have in common
Answers
Answer:
They all probably have something to do with technology because of how much AI is growing.
Explanation:
Answer:
c
Explanation:
it says it’s right
Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.
Answers
Answer:
D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.
Explanation:
In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.
This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.
The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.
This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.