Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up to 12 million cans of paint per year. Current annual production is 10 million cans. Fixed manufacturing, selling, and administrative costs total $15 million per year. The variable cost of making and selling each can of paint is $6.00. Stockholders expect a 15% annual return on the company's $40 million of assets Read the requirements Requirement 1. What is Jamison's current total cost of making and selling 10 million cans of paint? What is the current cost per can of paint? Select the formula labels and enter the amounts to calculate Jamison's current total cost and current cost per can of paint. (Enter currency amounts in dollars, not in millions. Enter unit values as whole numbers, not in millions. Round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest cent, $X. XX.) Plus: Divided by Total cost per unit
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:30, nickespinosa11
Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.
Answers: 3
Business, 22.06.2019 09:40, Tyrant4life
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
Business, 22.06.2019 09:50, niele123
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
Business, 22.06.2019 20:30, brooklyn5150
Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased. b. the company's times interest earned ratio decreased. c. the company's basic earning power ratio increased. d. the company's equity multiplier increased. e. the company's debt ratio increased.
Answers: 3
Do you know the correct answer?
Jamison Paints makes and sells paint to home improvement stores. Jamison's only plant can produce up...
Questions in other subjects:
Spanish, 04.12.2020 16:30
