Consider a local business that is uniquely selected by you. What are 3 examples of each...
Consider a local business that is uniquely selected by you. What are 3 examples of each - fixed and variable costs. (so provide 6 cost examples).
Homework Answers
vehicle component manufacturing
Fixed Costs -
- Rent of factory set-up
- Salary of employees
- Insurance cost of the equipment
Variable cost
- Raw materials
- Direct contact labor
- Selling expenses (Trade discounts)
Add Answer to:
Consider a local business that is uniquely selected by you. What
are 3 examples of each...
1. Discuss some differences between a service business and a merchandising business. Provide unique examples of...
1. Discuss some differences between a service business and a merchandising business. Provide unique examples of each in your discussion. Are there some businesses that incorporate both approaches and have products and services? If so, provide examples of these also. 2. Define Cost of Merchandise Sold in the context of an example of a business. In other words, define it by illustrating it as it pertains to a business you have chosen. As always, make your choice unique from your...
Explain in detail your dream business. What is the name of your business? What would you...
Explain in detail your dream business. What is the name of your business? What would you sell? Where is your business located? What is your role in your business? Do you have any employees? If so, what are their job titles and their responsibilities? What other businesses would be considered your competition? Who will your customers be? How will people know about your business? Part 2: Select one product your business will be selling. List all the items you would...
Consider a day for a local junk removal company. The inputs the company uses to haul...
Consider a day for a local junk removal company. The inputs the company uses to haul junk are two employees each paid an hourly wage of $15 per hour and a moving truck, which costs $100 (splitting the cost of ownership over periods). Each hauling job takes 1 hour. Are labor hours a fixed or variable input? Explain. Is the moving truck a fixed or variable input? Explain. Determine the total cost (TC), total fixed cost (TFC), total variable cost...
Please provide the references for the examples. Question: (a) What is meant by the term agency...
Please provide the references for the examples.
Question: (a) What is meant by the term agency cost? Discuss a real incident where the executives or managers of a business grganisation may have undertaken some actions that you feel have led to agency costs. Then, discuss any two measures that can be adopted to avoid similar agency costs. [2 + 3 + 5 = 10 marks] (b) Does agency cost occur in all 3 legal forms of businesses (.e., sole-trader, partnership,...
Define (in your own words) business model. what is a business model? Gives Examples 2. Define...
Define (in your own words) business model. what is a business
model? Gives Examples
2. Define (in your own words) business model. What is a business model? Give examples. • Remove this instructional/explanatory text before submitting assignment. • Use this slide (or create 1-4 additional slides) to define business model – what is it? Make sure you provide examples. This is NOT a data dump, so do NOT fill these slides with an overload of data. Your job is to...
provide explanation how you would complete a milestone with the given time period Your group has...
provide explanation how you would complete a milestone with
the given time period
Your group has already selected a business in Assignment #1 and 2 that you want to start and The Pas, Thompson or your community. Explain the following terms considering your selected business using real-life data/information as required 1. Implementation Schedule This section of the feasibility study explains a detailed schedule for implementation of the product or service that you have considered in Assignment #1 and 2. This...
12. What is a variable cost? Provide two examples of variable costs. 13. What is a...
12. What is a variable cost? Provide two examples of variable costs. 13. What is a semi variable cost? Provide two examples of semi variable costs. 14. Your department purchased $10,000 of supplies on 6/30/20. All of these supplies were used by your department in July 2020. How would the supplies be recorded on the balance sheet and income statement in June 2020 and July 2020? 15. Your department purchased a $50,000 ultrasound machine on August 31, 2020 with cash....
1) What are the fixed costs of this business? 2) What are the variable costs? 3)...
1) What are the fixed costs of this business?
2) What are the variable costs?
3) Develop a monthly total cost function for this business of
the form:
C(x) = Vx + F
Where C(x) represents the total cost for the month to produce x
tons of feed, V represents the variable costs per ton of feed
produced based on monthly averages, and F is the total of all
average monthly fixed costs.
4) Use Desmos to graph the monthly...
Consider the cost of a wedding reception. What costs are fixed? What costs are variable? What output measure did you use...
Consider the cost of a wedding reception. What costs are fixed? What costs are variable? What output measure did you use in classifying the costs as fixed or variable?
Kate Chen, owner of Flowers 4 You, operates a local chain of foral shops. Each shop...
Kate Chen, owner of Flowers 4 You, operates a local chain of foral shops. Each shop has its own delivery read of charging a fost delivery fee Che wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wars to or the food and variable portions of her van opening that she has a better idea how delivery distance atect those costs. She has a flowing data from the past seven months (Click the...
Please provide the references for the examples.
Question: (a) What is meant by the term agency cost? Discuss a real incident where the executives or managers of a business grganisation may have undertaken some actions that you feel have led to agency costs. Then, discuss any two measures that can be adopted to avoid similar agency costs. [2 + 3 + 5 = 10 marks] (b) Does agency cost occur in all 3 legal forms of businesses (.e., sole-trader, partnership,...
Define (in your own words) business model. what is a business
model? Gives Examples
2. Define (in your own words) business model. What is a business model? Give examples. • Remove this instructional/explanatory text before submitting assignment. • Use this slide (or create 1-4 additional slides) to define business model – what is it? Make sure you provide examples. This is NOT a data dump, so do NOT fill these slides with an overload of data. Your job is to...
provide explanation how you would complete a milestone with
the given time period
Your group has already selected a business in Assignment #1 and 2 that you want to start and The Pas, Thompson or your community. Explain the following terms considering your selected business using real-life data/information as required 1. Implementation Schedule This section of the feasibility study explains a detailed schedule for implementation of the product or service that you have considered in Assignment #1 and 2. This...
12. What is a variable cost? Provide two examples of variable costs. 13. What is a semi variable cost? Provide two examples of semi variable costs. 14. Your department purchased $10,000 of supplies on 6/30/20. All of these supplies were used by your department in July 2020. How would the supplies be recorded on the balance sheet and income statement in June 2020 and July 2020? 15. Your department purchased a $50,000 ultrasound machine on August 31, 2020 with cash....
1) What are the fixed costs of this business?
2) What are the variable costs?
3) Develop a monthly total cost function for this business of
the form:
C(x) = Vx + F
Where C(x) represents the total cost for the month to produce x
tons of feed, V represents the variable costs per ton of feed
produced based on monthly averages, and F is the total of all
average monthly fixed costs.
4) Use Desmos to graph the monthly...
Kate Chen, owner of Flowers 4 You, operates a local chain of foral shops. Each shop has its own delivery read of charging a fost delivery fee Che wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wars to or the food and variable portions of her van opening that she has a better idea how delivery distance atect those costs. She has a flowing data from the past seven months (Click the...
Most questions answered within 3 hours.
-
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 1 hour ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 1 hour ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 2 hours ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 2 hours ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 2 hours ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 3 hours ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 3 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 4 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 4 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 4 hours ago -
By using Arduino write a code that connects two LEDs to two
push-buttons. Each button controls...
asked 5 hours ago -
Bank of America has bonds that pay a coupon interest rate of 5.5
percent and mature...
asked 6 hours ago