Account inquiry (hours) Account billing (lines) Account verification (accounts) $69,000 $40,000 $15,000 2,100 hours 17,000 lines 22,000 accounts Correspondence (letters) The above activities are carried out at two of its regional offices. $14,000 1,400 letters Activities Northeast Office Midwest Office Account inquiry (hours) 140 hours 300 hours Account billing (lines) Account verification (accounts) 1,900 accounts 14,000 lines 7,000 lines 600 accounts Correspondence (letters) 50 letters 130 letters What is the cost per account for the account verification activity? (Round your answer to the nearest cent.) OA. $10.00 O B. $4.06 OC. $0.68 O D. $32.86

Account inquiry (hours) Account billing (lines) Account verification (accounts) $69,000 $40,000 $15,000 2,100 hours 17,000 lines 22,000 accounts Correspondence (letters) The above activities are carried out at two of its regional offices. $14,000 1,400 letters Activities Northeast Office Midwest Office Account inquiry (hours) 140 hours 300 hours Account billing (lines) Account verification (accounts) 1,900 accounts 14,000 lines 7,000 lines 600 accounts Correspondence (letters) 50 letters 130 letters What is the cost per account for the account verification activity? (Round your answer to the nearest cent.) OA. $10.00 O B. $4.06 OC. $0.68 O D. $32.86

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: How are the current and former CEOS and boards of directerors viewed in the business and/or society…

A: The current and former CEOs and boards of directors at Apple have been viewed with a mix of…

Q: Statement and Balance Sheet. (Remember that Retained Earnings, which was omitted from the Balance…

A: Corrected Tersun Income Statement, Month ended 31 December 2021: Sales revenue 42,000 Share capital…

Q: The accopmanying graph depicts the long-run costs and revenue for a monopolistically competitive…

A: A monopolistic competitive firm maximises its profits, he will produce at a price where Marginal…

Q: Product-Product Analysis Given the following production possibilities when 3 units of X are used: Y2…

A: Intercept can be calculated by using the following formula.

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: what steps are necessary to set up a corporation in your California. How do the fees compare with…

A: A corporation is an organization that is authorized separately from the owner.

Q: Do not use chatgpt

A: The most important part is to complete the table.Please note to use the below formulas to complete…

Q: Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier…

A: CAC is sum of all the costs related to marketing, sales, advertising, and any other expenses…

Q: Choose a current news item about a company enduring a difficult situation such as layoffs,…

A: Two incredible powers are transforming the very nature of work: robotization and ever fiercer…

Q: FIND and graph the TC, AFC, AVC, AC, and MC from the following table. unit FC VC 0 $50 $0 1 $50…

A: The variable costs and fixed costs are given in the table below:Output…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Remember that the profit-maximizing condition is Marginal Revenue equal to the Marginal Cost (MR =…

Q: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal Revenue…

A: Given: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal…

Q: Problem 3. Raymond opened the Muscles Fitness Gym in August. The Following transactions occurred…

Q: 1. Complete (fill in the blanks, number 1 to 10) the table below. All calculations must be clearly…

A: Total Cost = Fixed Cost + Variable Cost MC = Change in Total Cost / Change in Quantity AFC= FC /…

Q: 10

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: QUESTION 18 Lululemon is a extremely successful apparel company with sales of around 8 billion,…

A: Question 18option a is right choice in detail:- Bed Bath & Beyond's decision to declare…

Q: not use ai please

A: Key references: Sufter, M., & binti Samsury, N. (2023). A Comparison Study of The Brand Loyalty…

Q: To earn full credit your graphs must include the following specific graphs: Find the graph for…

A: 1) Short-run economic loss: When the price is less than the average total cost, the firm earns…

Question

$69,000
$40,000
2,100 hours
Account inquiry (hours)
Account billing (lines)
Account verification (accounts)
17,000 lines
$15,000
$14,000
22,000 accounts
Correspondence (letters)
The above activities are carried out at two of its regional offices.
1,400 letters
Activities
Northeast Office Midwest Office
Account inquiry (hours)
140 hours
300 hours
Account billing (lines)
Account verification (accounts) 1,900 accounts
Correspondence (letters)
14,000 lines
7,000 lines
600 accounts
50 letters
130 letters
What is the cost per account for the account verification activity? (Round your answer to the nearest cent.)
DA. $10.00
B. $4.06
OC. $0.68
O D. $32.86

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Dog
None
only typed solution
Please with 2 out of the 3 questions
An LLC can be managed by one or more members, but it can also be managed by a nonmember with a management structure similar to a corporate entity. Group of answer choices True False
Adapt the presentation to meet the unique needs of the customer. Individual client problems priorities are unique which means if we do our job well the solutions will match the customers needs. True False
recently won the lottery and is pursuing his dream to be a photographer. Dick's wife, Janine, is a real estate agent; she believes she has found an old warehouse in the industrial part of town that could be turned into their headquarters. The owner of the warehouse, Jordan, is retiring and open to the idea of selling or renting the space. How might the business be structured? What might be some of the legal issues that could arise in operating the business and selling the product? What are some of the agreements that might be needed?
COVID-19 Lockdown Price FreezeYou have been appointed as the Marketing Manager of Makro, Massmart CEO Mitchell Slape hasassigned you tasks and requires you to write a report that will be presented at the next Massmart Boardmeeting. You are encouraged to conduct further research on the company.Background issues1Massmart . is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse,Cambridge Food and Cash & Carry stores.2Massmart announces a price freeze in all their brands for the duration of the 21-day nationwidelockdown. This will involve. suspending price adjustments that were scheduled, as part of the normalcourse of business, before the lockdown was announced. Fresh produce, which is procured daily fromfresh produce markets around the country, is the only category that is not included in this announcement.3Commenting on the decision, Massmart CEO Mitchell Slape said: “This is an unprecedented time forSouth Africa and the. world. As we all come to…
You are in charge of improving utilization of resources at a restaurant that is taking only online orders for delivery to the specific addresses. There are three kind of orders received: vegetarian, non-vegetarian and gluten free. For every vegetarian order, the chopping and dicing section, the deli-cheese section, the stir fry kitchen, and marination are used. For non-vegetarian orders; the chopping and dicing section, the deli-meat section, the marination section, and the non-veg kitchen is used. In addition to this 50% of non-vegetarian dishes go through the grilling section while the other 50% go through the baking (oven) section. Gluten free dishes go through the chopping and dicing section and the stir fry kitchen only. The typical order size consists of 25 non-veg orders, 12 veg orders and 5 gluten free orders. Marination of vegetarian dishes take 5 minutes while that of non-vegetarian dishes 1 hour. Chopping and dicing for 10 vegetarian/gluten-free dishes take an hour, while…
Ben Hunt operated a farm under the name of S.B.H. Farms. Hunt went to Mollary Bank and Trust and requested a loan to build hog houses, buy livestock, and expand farming operations. The bank agreed to loan S.B.H. Farms $175,000, for which short-term promissory notes were signed by Hunt. At the same time, oral discussions were held with the loan officer regarding long-term financing for the farm operations. No dollar amount, interest rate, or repayment terms were discussed. When Hunt defaulted on the short-term notes, the bank foreclosed on the farm. Hunt counterclaimed for $750,000 damages, alleging that the bank had breached a contract for long-term financing. Was there a valid offer for long-term financing offered by the bank?