Explain which of the following is a fixed cost or a variable cost for General Motors. a.

Question:

Explain which of the following is a fixed cost or a variable cost for General Motors.

a. The cost of aluminum used for its automobiles.

b. The property taxes on its Bowling Green, Kentucky assembly plant.

c. The cost of labor for its assembly line workers.

d. The yearly payments for the naming rights for the General Motors Centre sports arena in Oshawa, Ontario, Canada.

e. The salary paid to Mary Barra, the Chief Executive Officer of General Motors.

f. The cost of tires it purchases from Goodyear for its trucks and SUVs.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mylab Economics With Pearson Access Code For Principles Of Microeconomics

ISBN: 9780135197141,9780135197103

13th Edition

Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster

See More Books

Question Posted: Feb 16, 2024 11:00 PM

See More Questions

For Jill Johnson's pizza restaurant, explain whether each of the following is a fixed cost or a variable cost: a. The payment she makes on her fire insurance policy b. The payment she makes to buy...
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
Equipment acquired on October 1, 2022, at a cost of $770,000, has an estimated useful life of 10 years. The residual value is estimated to be $83,480. Calculate the depreciation expense for the first...
Identify possible opportunities for denormalizing these relations as part of the physical design of the database. Which ones would you be most likely to implement
The Philips Curve in the Ten Principles video, Dr. Todd Buchholz and Dr. Caroline Hoxby debated the very existence of the Phillips Curve. Dr. Hoxby indicated she was taking bets that the Phillips...
Euro Corporation, a U.S. corporation, operates through a branch in Germany. During 2022, the branch reported taxable income of $1,000,000 and paid German income taxes of $300,000. In addition, Euro...
Explain the difference between design, analysis, and patterns.
On December 1, Showcase Interiors purchased a shipment of furniture from Colonial House by paying $10,500 cash and issuing an installment note payable in the face amount of $28,800. The note is to be...
Little Books Inc. recently reported $220,000 of net income. Its EBIT was $420,000, and its tax rate was 42.00%. What was its interest expense?
Use the information in the graph to find the values for the following costs at an output level of 500. a. Total fixed cost b. Total variable cost c. Total cost d. Marginal cost. Cost per unit (S) $35...
For each of the following businesses, what is the likely fixed factor of production that defines the short run? a. Golf course b. Movie theater c. Law office d. Brewery e. Amusement park.
Use the following information to answer parts (a) through (f). Describe what the results of each calculation mean to you as a project manager. What do you propose to do? PV = $25,000 EV = $30,000 AC...
Two HR managers are discussing how to manage job satisfaction in the workplace. One HR manager claims that organisations can manage job satisfaction using both job design and personnel selection ....
Why are traditional databases called operational or transactional? Why are these databases inappropriate for data analysis? ________________________________________________________________________...
Three determinates of job satisfaction: job characteristics, social information processing and dispositions. Choose 1 of these determinates and answer the following: 1. Define the determinate...
Given data table below. Data table Sales $ 1,264,200 Variable Cost of Goods Sold $ 212,592 Variable Operating Expenses .... $ 127,968 Direct Fixed Manufacturing Overhead .... $ 103,550 Direct Fixed...
3. Define the following terms in 20-50 words? A. Empowerment B. Best practice approach C. Person centred practice
Short-term automobile rentals are the specialty of ASAP Auto Rentals, Inc. Average variable operating costs have been $12.50 per day per automobile. The company owns 60 automobiles. Fixed operating...
If (x) 0 on the interval [a, b], the definite integral gives the exact area under the curve between x = a and x = b.
The prisoners dilemma is a two-person game illustrating that a. the cooperative outcome could be worse for both people than the Nash equilibrium. b. even if the cooperative outcome is better than the...
As the number of firms in an oligopoly grows, the industry approaches a level of output _________ the competitive level and _________ the monopoly level. a. less than; more than b. more than; less...
If an oligopoly does not cooperate and each firm chooses its own quantity, the industry will produce a quantity of output _________ the competitive level and _________ the monopoly level. a. less...
For the rest of the problems, you will be given a pair of vectors v and win R", and you must find the following information: a) (3pt) The length ||v|| b) (3pt) The length ||w||| c) (3pt) The distance...
How can the application of intricate conflict management frameworks facilitate the amicable reconciliation of divergent interests and objectives?
How can the integration of interdisciplinary perspectives enhance the effectiveness of conflict resolution initiatives in addressing multifaceted challenges ?

Explain which of the following is a fixed cost or a variable cost for General Motors. a.

Question:

Step by Step Answer:

In the context of a manufacturing company like General Motors the following costs would be considere...View the full answer

Mylab Economics With Pearson Access Code For Principles Of Microeconomics

Students also viewed these Business questions