Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. he expects the branch to attract 1,000 new customer accounts in the first year, each of which will cost $50 per year to service. he also expects to generate $100,000 per year in revenue. for raymond, the total cost of opening the new branch and remaining open for one year will be
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. he expects the branch to attract 1,000 new ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A $22 credit to sales was posted as a $220 credit by what amount is the sales account in error
Answers (1)
Atlas Company builds swimming pools. Atlas budgets that they will sell 14 pools during the month of April at a price of $20517 per pool. Actual pools sold by Atlas during April were 12 pools at a price of $21771 per pool.
Answers (1)
On the balance sheet, the amount shown for the Allowance for Doubtful Accounts is equal to the A. Uncollectible accounts expense for the yearB. total of the accounts receivables written-off during the year C.
Answers (1)
Alpha Company has budgeted activity for October to reflect net income $120,000. All sales are credit sales. Receivables are planned to increase by $35,000, payables to decrease by $25,000 and Depreciation Expense is $55,000.
Answers (1)
Robbinsdale, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information:Sales Revenue $593,000Purchases (excluding freight in) 300,000Selling and Administrative
Answers (1)
New Questions in Business
If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?
Answers (1)
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)
Avido Inc. is expected to pay a $2.00 dividend at year end (D1 = $2.00), the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $47.00 a share. The before-tax cost of debt is 6.
Answers (1)
Subsidizing medical services through medicare a. makes medical services available to a large percentage of the? population, who otherwise could not afford them. b.
Answers (1)
The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share. a. What is Evanec's cost of retained earnings? b.
Answers (1)