Using the cost equation calculate the total cost of holding a bowling party for 50 attendees. The variable cost of having a bowling party is $25 per person. The fixed cost of having a bowling party is $250. Question 14 options: $1,000 $2,000 $1,500 $1,750
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- Subject: Engineering Economy Topic: Selection in Present Economy The monthly demand for ice cans being manufactured by Mr. Cruz is 3,500 pieces. With a manually operated guillotine, the unit cutting cost is P25.00. If an automatic hydraulic guillotine at a price of P305,000 is being used he will cut by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Cruz be able to recover the cost of the machine if he decides to buy now?Your company is deciding whether to purchase a durable delivery vehicle or a short-term vehicle. The durable vehicle costs $25 000 and should last five years. The short-term vehicle costs $10 000 and should last two years. If the cost of capital for the company is 15 per cent, then what is the equivalent annual cost for the best choice for the company? (Round to the nearest dollar.) $6151, short-term vehicle $5000, either vehicle $7458, long-term vehicle $5000, short-term vehicleCalculating Price Using a Markup Percentage of Cost Lake McDonald Gift Shop has decided to price the games that it sells at cost plus 70%. The National Parks Memory Card Game costs $15.00 each, and another one, the Guess This Animal Track Game, costs $2.00 each. Required: 1. What price will Lake McDonald Gift Shop charge for each National Parks Memory Card Game? If required, round your answer to two decimal places.$fill in the blank 1 2. What price will Lake McDonald Gift Shop charge for each Guess This Animal Track Game? If required, round your answer to two decimal places.
- Get Drenched Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Get Drenched Swim Park has the following ticket prices and variable costs for 2020: Tickets Individual Family Sales price per ticket $50 $110 Variable cost per ticekt $30 $90 Get Drenched Swim Park expects to sell 1 individual ticket for every 4 family tickets. Get Drenched Swim Park has total fixed cost of $80,000.Using the information presented for Get Drenched Swim Park complete the following:1. Compute the weighted-average contribution margin per ticket.A manufacturer of sunglasses has a fixed cost of $50,000. This manufacturer expects to sell 5,000 pairs of sunglasses for $25.00. This price will give the manufacturer a 25 percent markup on price. Calculate the variable costs.Title Sarah has 1,000 hours per year she can allot to work or leisure (1). If she works, she gets a wage.. Description Sarah has 1,000 hours per year she can allot to work or leisure (1). If she works, she gets a wage of $16/hour. Food (f) costs $1 per unit (P,-$1). What is the price of leisure P1? Give an intuitive explanation for what the price of leisure means a) b) Draw Sarah's budget constraint. Now suppose Sarah enrolls in TANF, and there is a benefit reduction rate of 0.5 and a benefit guarantee of $2,000. Write out the equation for the income she could receive from TANF if she enrolled. Draw her new budget constraint. What is her new effective wage if she participates in TANF? c) d) Suppose that the government decides to reduce the benefit reduction rate to 0.25 to encourage work (benefit guarantee remains the same). Draw the new budget constraint. e) Draw examples of indifference curves for a single mother who participates in TANF both before and after the reform. Display…
- INCREMENTAL COST-HOMEWORK Please answering the following given the facts below Marie wants to complete a 2 year master's program that will cost $16000. She currently has a job that pays $25,000. If she complete's her master's she would make $60,000. She has a job offer that is in another state and away from her family that will pay $50,000. There will be $5, in moving expenses that the company would pay. Her current rent is $600 and her new rent would be $800. What is the differential amount for the following? Please solve and explain. 1) Salary per year for the next 2 years 2) Salary per year after 2 years 3) Moving ExpensesProjects with different lives: Your company is deciding whether to purchase a high-quality printer for your office or one of lesser quality. The high-quality printer costs $40,000 and should last four years. The lesser quality printer costs $30,000 and should last three years. If the cost of capital for the company is 13 percent, then what is the equivalent annual cost for the best choice for the company? Round to the nearest dollar. $10,000, either vehicle $10,000, short-term vehicle $12,706, short-term vehicle $13,448, long-term vehicle1. A recently retired professor, Melinda Marketing, plans to establish the Hot-Air FanCompany and manufacture circulating fans. She estimates the fixed cost of operations tobe $357,500 annually. The variable cost of producing the fans is forecasted to be $85 perunit.a. How many fans must be sold to break even if the fans are priced at $150?b. If Hot-Air sells 6,000 fans, what will be the EBIT?c. If Hot-Air sells 6,000 fans and has interest expense of $8,125, what is Hot-Air’stimes-interest-earned? Hot-Air does not have any nonoperating expenses.d. If the fans are priced at $150, what is Hot-Air’s breakeven sales? 2. Vapor Lock Motors’ EBIT is $7,000,000, the company’s interest expense is $2,000,000, and its tax rate is 40 percent. Vapor Lock’s beta is 1.5. a. What is Vapor Lock’s DFL? b. If Vapor Lock were able to grow its EBIT by 50%, what would be the percentage increase in net income? c. If Vapor Lock were able to grow its EBIT by 50%, what would be the resulting net income? 3. A…
- Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.An individual is planning to take an 800-mile trip between two large cities. Three possibilities exist: air, rail, or auto. The person is willing to pay $30 for every hour saved in making the trip. The trip by air costs $600 and travel time is 8 hours, by rail the cost is $450 and travel time is 16 hours, and by auto the cost is $250 and travel time is 22 hours.(a) Which mode is the best choice?