A new kind of smartphone is selling for $500. The first cell phone costs $300 to produce, and each subsequent phone costs $325 to produce. What is the producer surplus for this market when selling four cell phones at this rate

Answers

Answer 1

Answer:The profit is $740

Explanation:4(500)-[3(320)+300]

4x500=2000

3x320=960+320=1260

2000-1260=$740


Related Questions

In Washburn's factory, what is the break-even point for the new line of guitars if the retail price is (a) $349, (b) $389, and (c) $309? Also, (d) if Washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be?

Answers

Answer:

a. 186 units

b. 156 units

c. 232 units

d. $370,000

Explanation:

a. Calculation to determine the break-even point for the new line of guitars if the retail price is $349

Using this formula

Break-even point quantity = Fixed cost / Unit price – Unit variable cost

Let plug in the formula

Break-even point quantity = ($14,000 + $4,000 + $20,000) / $349 – ($25 + $120)

Break-even point quantity= $38,000 / $349 - $145

Break-even point quantity= $38,000 / $204

Break-even point quantity= 186.27

Break-even point quantity= 186 units

Therefore the break-even point for the new line of guitars if the retail price is $349 will be 186 units

b. Calculation to determine the break-even point for the new line of guitars if the retail price is $389

Break-even point quantity = ($14,000 + $4,000 + $20,000) / $389 – ($25 + $120)

Break-even point quantity= $38,000 / $389 - $145

Break-even point quantity= $38,000 / $244= 155.74

Break-even point quantity = 156 units (Approximately)

Therefore Therefore the break-even point for the new line of guitars if the retail price is $389 will be 156 units

c. Calculation to determine the break-even point for the new line of guitars if the retail price is $309

Break-even point quantity=($14,000+$4,000+$20,000)/$309 – ($25 + $120)

Break-even point quantity= $38,000 / $309 - $145

Break-even point quantity= $38,000 / $164

Break-even point quantity= 231.71

Break-even point quantity = 232 units (Approximately)

Therefore the break-even point for the new line of guitars if the retail price is $309 will be 232 units

d. Calculation to determine what will its profit be

if Washburn achieves the sales target of 2,000 units at the $349 retail price

Using this formula

Profit = Total revenue – Total cost

Profit= (P x Q) – [FC + (UVC x Q)]

Let plug in the formula

Profit= ($349 x 2000) – [$38,000 + ($145 x 2,000)]

Profit= $698,000 – $328,000

Profit= $370,000

Therefore the profit will be $370,000

ai là người giàu nhất thế giới

Answers

Answer:

Jeff Bezos

Explanation:

Jeff Bezos là người sáng lập Amazon và có giá trị tài sản ròng là 205 tỷ USD

Đây là danh sách các nhà vận chuyển tiền được xếp hạng:

https://www.forbes.com/real-time-billionaire/#114ff8bb3d78

Jeff Bezos is the founder of Amazon and has a net worth of $205 billion Here's a list of billionaire's ranked:

https://www.forbes.com/real-time-billionaires/#114ff8bb3d78

Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?
a) a long term liability
b) a non liquid liability
c) a consumer liability
d) a current liability

Answers

answer should be d) a current liability

Assuming Sofia bought a couch that required a $60 down payment. This liability describe:d) a current liability.

What is current liability?

Current liability can be defined as the amount owe or debt amount a person is expected to pay back within a stipulated period of time.

Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to pay within a year.

Therefore this liability describe:d) a current liability.

Learn more about current liability here:https://brainly.com/question/24130118

Gutierrez Company is constructing a building. Construction began in 2014 and the building was completed on December 31, 2014. Gutierrez made payments to the construction company of $2,500,000 on 7/1/14, $5,500,000 on 9/1/14, and $5,000,000 on 12/31/14. What is the amount of weighted average accumulated expenditures

Answers

Answer:

$3,083,333.33

Explanation:

Weighted average accumulated expenditures = ($2,500,000*6/12) + ($5,500,000*4/12)

Weighted average accumulated expenditures = $1,250,000 + $1,833,333.33

Weighted average accumulated expenditures = $3,083,333.33

So, the amount of weighted average accumulated expenditures is $3,083,333.33.

Which of the following statements accurately describe the effect of the increase in government borrowing?

a. National saving decreases by less than $20 billion.
b. Investment increases by less than $20 billion.
c. Public saving decreases by exactly $20 billion.
d. Private saving increases by less than $20 billion.

Answers

Answer:

d. Private saving increases by less than $20 billion.

Explanation:

Because the interest rate has increased, investment and national saving decline and private saving increases. The increase in government borrowing reduces public saving. From the figure you can see that total loanable funds (and thus both investment and national saving) decline by less than $20 billion, while public saving declines by $20 billion and private saving rises by less than $20 billion.

quizlet

Suppose that in the rice market demand shifts due to a new rice diet that is being marketed in the U.S. as a cure for cancer. Simultaneously the supply curve shifts due to a flood that affects the rice crop in California. What is the most likely outcome in this situation

Answers

Answer:

The equilibrium price will increase

Explanation:

Equilibrium price is defined as the price at which the quantity demanded and quantity supplied are equal.

At this point there is no excess demand or supply, they are both equal.

I'm the given scenario the new rice diet that is being marketed in the U.S. as a cure for cancer will lead to increase in demand for rice.

While a flood that affects the rice crop in California will reduce the ability of suppliers to supply. Leading to reduced quantities supplied to the market.

This results in increased prices for the now scarce rice in the economy

It is illustrated in the attached diagram where price increases from P1 to P2.

The new equilibrium quantity is Q1

The Weber Company purchased a mining site for $527,108 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 82,993 tons will be recovered. During the first year the company extracted 5,802 tons of ore. The depletion expense is

Answers

Answer:

$36,849.86

Explanation:

Depletion cost is used to allocate the costs of extracting natural resources.

Depletion expense = (depreciable cost / total tons that can be recovered ) x tons recovered in a given year

(527,108 / 82,993) x 5802 = $36,849.86

Selma has developed and patented a new process for recycling discarded tires. A multinational corporation has expressed an interest in buying her company in order to gain access to the technology and keep it exclusively for itself. Should Selma sell her company, the buyer will have acquired technology via

Answers

Answer:

acquisition of the technology owner

Explanation:

In the given scenario a multinational corporation has expressed an interest in buying her company in order to gain access to her technology (a new process for recycling discarded tire).

The corporation is trying to obtain this technology by acquisition of the technology owner.

When they purchase Selma's company they will automatically own the technology.

Another method that can be used to get the technology would have been through liscensing. Where they will get permission to use the technology with the permission of the owner.

The records of Pippins, Inc., included the following information: Net sales $ 1,000,000 Gross margin 475,000 Interest expense 50,000 Income tax expense 80,000 Net income 240,000 Compute the times interest earned ratio, rounded to the nearest decimal.

Answers

Answer:

the times interest earned ratio is 7.4 times

Explanation:

The computation of the times interest earned ratio is given below/;

Times interest earned ratio is

= EBIT ÷ interest expense

where

EBIT = Net Income + Interest Expense + Income tax Expense

= 240,000 + 50,000 + 80,000

= 370,000

Now the times interest earned ratio is

= $370,000 ÷ $50,000

= 7.4 times

Hence, the times interest earned ratio is 7.4 times

principal, $3000 × annual interest rate, 5/2% × years​​,7/2

Answers

Answer:

$262.5

Explanation:

p=$3000

R=5/2%

T=7/2 years

hence ,

interest= p×t×r/100

= (3000×5/2×7/2)/100

= (30×35/4)

= (7.5 × 35)

=$262.5

A bond has a coupon rate of 8% and matures in 10 years. What are its expected cash flows if this bonds have a principal amount of $1000 and pay interest semi-annually

Answers

Answer:

$1080

Explanation:

Calculation to determine the expected cash flows

Since the bonds have a principal amount of the amount of $1000 first step is to calculate the Cash flow CO1

CO1=$1000(.08)/2

CO1=$80/2

CO1= $40

Second step is to calculate the Frequency of PMT

Frequency of PMT= 10 years x 2 (semi-anually)

Frequency of PMT= 20

Now let determine the Cash Flow CO10

Cash Flow CO10=1000+80

Cash Flow CO10=$1080

Therefore the expected cash flows is $1080

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

Sales Mix Unit Contribution Margin
Lawnmowers 20% $33
Weed-trimmers 50% $21
Chainsaws 30% $37

Yard Tools has fixed costs of $4,200,000.

Required:
Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.

Answers

Answer:

Lawnmowers’ break-even point in units = 29,787 units

Weed-trimmers’ break-even point in units = 74,468 units

Chainsaws' break-even point in units = 44,681 unit

Explanation:

Given:

                                    Sales Mix              Unit Contribution Margin

Lawnmowers                 20%                                     $33

Weed-trimmers              50%                                     $21

Chainsaws                     30%                                     $37

The number of units of each product that Yard Tools must sell in order to break even under this product mix can be computed using Weighted-Average Contribution Margin Ratio as follows:

Weighted contribution margin = (Sales Mix of Lawnmowers * Unit Contribution Margin of Lawnmowers) + (Sales Mix of Weed-trimmers * Unit Contribution Margin of Weed-trimmers) + (Sales Mix of Chainsaws * Unit Contribution Margin of Chainsaws) = (20% * $33) + (50% * $21) + (30% * $37) = $28.20

Total break-even point in units for the company = Fixed cost / Weighted contribution margin = $4,200,000 / $28.20 = 148,936 units

Therefore, we have:

Lawnmowers’ break-even point in units = Sales Mix of Lawnmowers * Total break-even point in units for the company = 20% * 148,936 = 29,787 units

Weed-trimmers’ break-even point in units = Sales Mix of Weed-trimmers * Total break-even point in units for the company = 50% * 148,936 = 74,468 units

Chainsaw’s break-even point in units = Sales Mix of Chainsaws * Total break-even point in units for the company = 30% * 148,936 = 44,681 units

Articles of the code of ethics are broad statements of ethical principles and the standards of practice support, interpret and amplify the respective articles

Answers

Answer: True

Explanation:

The Code of Ethics is the detailed document where the professional responsibilities of every professional is written. It should be noted that the Code of Ethics is made up of seventeen Articles and their related Standards of Practice.

The Articles of the code of ethics are broad statements of ethical principles while the standards of practice support, interpret and amplify the respective articles. Therefore, the Statement is true.

The statement given in the query holds true and the code of ethics are a set code of instructions that are to be followed by the business professionals in the manner as prescribed.

The code of ethics are a set manner of instructions that are like a law book to be followed by the different kinds of businessmen and professionals of their field.

Code of ethics are given by the respective authoritative institutes of which such businessmen or professionals are the members. it implies the way in which the practice can be done.

Code of ethics contain respective articles for communication, outfit and attire, verbal and written communication and all such other fields which contribute to the maintained decency in the professional conduct.

They are generally different for professionals of different streams. Like they are different for superiors and subordinates of the same organization as well given their subjective roles.

Hence, the statement given about the code of ethics above holds true that they must be followed and acted accordingly and implied at each stage of practice.

To know more about code of ethics, click the link below.

https://brainly.com/question/3010649

Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay. After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? Customize reports Turn off multicurrency Rebuild data Review recurring transactions Set up initial quantity on hand and cost for each product Set up and implement an online bill pay service

Answers

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

A code of ethics for IT auditors and organizations primarily helps to set clear ___________. IT guidelines financial guidelines career goals expectations

Answers

Answer: IT guidelines

Explanation:

In the IT audit process, a computer system is checked to see if it not only performs the duties for which it was set up, but also if it protects the assets of the company and maintains data integrity.

A code of ethics for such a process would therefore be one that helps set clear IT guidelines to ensure that the computer system does what it is supposed to do and protects the company's assets as well.

Jebali Company reports gross income of $340,000 and other property-related expenses of $229,000 and uses a depletion rate of 14%. Calculate Jebali's depletion allowance for the current year. $fill in the blank 1

Answers

Answer:

15,540

Explanation:

Depletion = depletion rate x (gross income - expenses)

0.14 x ($340,000 - $229,000) = 15,540


Large manufacturing businesses do not usually sell correctly to consumers
True
False

Answers

Answer:

"directly" no, they usually have middlemen that distribute the product to consumers.

Explanation:

Cereal brands at supermarkets.

When computer users have trouble with their machines or software, Roland is the first person they call for help. Roland helps users with their problems, or refers them to a more-experienced IT employee. Roland holds the position of __________ in the organization.

Answers

Question Completion with Options:

Support Analyst

Systems Analyst

Database Administrator

Network Administrator

Answer:

Support Analyst

Explanation:

Since Roland provides primary technical support to end-users, sorting out hardware and software problems for them, he is an IT Support Analyst. Roland should also respond to, document, and resolve service calls with the hardware or software.  Some support analysts specialize in specific areas of the IT department, for example, applications.  Others provide general technical support to computer end-users.

Consider the baggage check-in process of a small airline. Check-in data indicates that from 9am to 10am, 190 passengers checked in. Moreover, based on counting the number of passengers waiting in line, airport management found that the average number of passengers waiting for check-in was 56.

Required:
How long did the average passenger have to wait in line?

Answers

Answer:

17.68 minutes

Explanation:i

In order to calculate the average time passenger had to wait in line, we would first divide the average number of passengers check-in in with the passengers checked in from 9 am to 10 am (which was the highest number of check-ins of the day). Then we would multiply that number by 60 minutes. As shown below:

First,

= 56 average number of passengers checked-in / 190 passengers checked-in from 9 to 10 am

= 0.2947

Then

= 0.2947 x 60 minutes

= 17.68 minutes

Hence, 17.68 minutes did the average passenger wait in line.

Automatic stabilizers are fiscal policy measures that A. do not require new legislation. B. are determined by the Federal Reserve System. C. are part of discretionary fiscal policy. D. must be determined by the Congress in each budget.

Answers

Answer: A. do not require new legislation.

Explanation:

Fiscal policy refers to measures used by the governments to stabilize the economy. Automatic stabilizers are part of this policy and as the term implies, they are automatic. They kick in when the economy is overheated to cool it down or when there is a recession to boost it.

They therefore require no new legislation because they have already taken effect. Automatic stabilizers are useful because they are not affected by the time lag it takes between the time new fiscal policy is announced and the time it actually take effect.

The papilla supplies nourishment to the

Answers

Answer:

Papilla: Cells filled with capillaries that supply nourishment to the cells around it.

On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is 11 years. The first payment of $700,000 was made on January 1, 2021. The equipment cost Princess Corporation $4,641,167. The present value of the lease payments is $5,001,197. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 10%, how much interest revenue will Princess record in 2022 on this lease

Answers

Answer: $403,221.67

Explanation:

Interest revenue in 2022 = Value of Lease payments in 2022 * Interest rate

Value of lease payments after first payment :

= 5,001,197 - 700,000

= $4,301,197

Value of lease payments after second payment in 2022:

= Value of lease payment after first payment + Interest revenue - lease payment

= 4,310,197 + (4,310,197 * 10%) - 700,000

= $4,032,216.70

Interest revenue in 2022 = 4,032,216.70 * 10%

= $403,221.67

A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $120,000, and the following quantities of product and sales revenues were produced.
Product Pounds Price per Pound
Feed 100,000 $ 0.70
Flour 50,000 2.20
Starch 20,000 1.00
How much of the $120,000 cost should be allocated to flour if the value basis is used?
a) $24,500.
b) $84,000.
c) $66,000.
d) $70,000.
e) $200,000.

Answers

Answer:

c) $66,000.

Explanation:

The computation is shown below:

The value allocated is as follows:

Feed (100,000 × 0.7)=70,000

Flour (50,000 × 2.2)=110,000

Starch (20,000 × 1)=20,000

Total 200,000

Now allocation to the flour is

= (110,000 ÷ 200,000 × 120,000)

= $66,000

hence, the option c is correct

Inflation imposes many costs on the economy: shoe-leather costs, money illusion, menu costs, wealth redistribution, price confusion, future price level uncertainty, and tax distortions.

a. True
b. False

Answers

Answer: True

Explanation:

Inflation refers to the decline in the purchasing power of a currency over time. Inflation creates shoe leather cost which refers to the cost of time and.the effort by which individuals spend so as to mitigate the effects of inflation, like holding fewer cash.

Also, inflation creates money illusion as there's reduction in the value of money that one holds. Inflation creates menu costs as prices goes up. It also brings about wealth redistribution, price confusion, future price level uncertainty, and tax distortions.

Therefore, the correct option is True.

Ivo Company has a $10 million face value bond issue outstanding. These bonds include a call option that permits Ivo to redeem the bonds at any time for 101% of par. These bonds were issued at a premium and have a carrying value of $10,200,000. If Ivo calls the bonds, its income statement will reflect:_---.
a. neither a gain nor a loss on redemption.
b. a gain on redemption.
c. a loss on redemption.

Answers

Answer:

b. a gain on redemption.

Explanation:

Given that

The face value of the bond is $10 million

The bond should be redeemed at 101% of par

Also it is issued for a premium and its carrying value is $10,200,000

Since the carrying value is more than the face value that means the income statement represent the gain on redemption of the bonds

Therefore the option b is correct

Adidas is using 3D printed shoes which will be custom made at first and then mass manufactured, as unit costs fall. Three-dimensional printing is expected to dramatically reduce businesses' carbon footprints because the technology _______.

Answers

Answer:

c. nearly eliminates transportation of finished goods to distribution centers and retailers

Explanation:

3D printing is a form of additive manufacturing that should help in carbon footprint that are related with the transport sector as the transportation and the storage should be decreased via the technology,

The shoes should be generated on demand basis that depend upon the 3d printing technology so it removed the finished goods transportation to the distribution centers & the retailers

Therefore the correct option is c.

A building is acquired on January 1, at a cost of $830,000 with an estimated useful life of eight years and salvage value of $75,000. Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)

Answers

Answer:

$207,500

$155,625

$116,719

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/8 = 1/4

1 = $830,000 / 4 = 207,500

book value $830,000 -  207,500 = 622,500

2 =  622,500 / 4 = 155,625

book value = 622,500 - 155,625 = 466875

3 466875 / 4 = 116,718.75 = 116,719

A large bakery buys flour in 25-pound bags. The bakery uses an average of 4200 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10.70 per order. Annual carrying costs are $76 per bag. Determine the EOQ. (Keep two decimal places in your answer)

Answers

Answer:

34

Explanation:

Annual demand D = 4,200 bags

Ordering cost S = $10.70

Holding cost H = $76

Economic order quantity = [tex]\sqrt{2*D*S / H[/tex]

Economic order quantity = [tex]\sqrt{2*4200*$10.70 / $76}[/tex]

Economic order quantity = [tex]\sqrt{89880/76}[/tex]

Economic order quantity = [tex]\sqrt{1182.63}[/tex]

Economic order quantity = 34.389388

Economic order quantity = 34

Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs:
Setting up equipment $3,000
Machining $15,000
The controller has collected the expected annual prime costs for each product, the machine hours, the setup hours, and the expected production. Excellent Laptops Outstanding Computers
Direct Labor $25,000 $10,000
Direct Materials $20,000 $5,000
Expected Production in Units 3,000 3,000
Machine Hours 850 2,000
Setup Hours 80 75
Calculate Outstanding Computer's consumption ratio for setup hours. (Note: Round your answer to two decimal places.)
a. 0.25
b. 0.48
c. 0.75
d. 0.45
e. 0.90

Answers

Answer:

Alpha Technology

Outstanding Computer's consumption ratio for setup hours is:

b. 0.48

Explanation:

a) Data and Calculations:

Overhead activities and costs:

Setting up equipment $3,000

Machining $15,000

                                            Excellent      Outstanding

                                             Laptops        Computers

Direct Labor                         $25,000         $10,000

Direct Materials                   $20,000          $5,000

Expected Production in Units 3,000             3,000

Machine Hours                           850             2,000

Setup Hours                                  80                  75

Total setup hours = 155 hours

Outstanding Computer's consumption ratio for setup hours = 75/155 * 100

= 48%

Judd, Inc., owns 35% of Cosby Corporation. During the calendar year 2010, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd mistakenly recorded these transactions using the fair value method rather than the equity method of accounting. What effect would this have on the investment account, net income, and retained earnings, respectively?
a. Understate, overstate, overstate
b. Overstate, understate, understate
c. Overstate, overstate, overstate
d. Understate, understate, understate

Answers

Answer: d. Understate, understate, understate

Explanation:

If using fair value, the effects of net earnings and dividends would not be accounted for. With the equity method however, this would have done leading to the investment account, net income, and retained earnings being understated if using fair value as opposed to equity.

The Equity method would have sent 35% of the net earnings to the investment account which would have increased it. 35% of the Cosby dividends would have been sent to the net income which would have increased it as well and when net income increases, so does retained earnings.

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