A company budgets overhead cost of $8,476,000 for the next year. The company uses machine hours as its overhead allocation base. If 400,000 machine hours are planned for the next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) Multiple Choice $0.05 per machine hour $2119 per machine hour. $20.80 per machine hour $0.39 per machine hour 257 nor marine hair

Answers

Answer 1

According to the question the answer is $20.80 per machine hour.

What is machine hour?

Machine hour is a unit of measurement used to describe the amount of time a machine is in operation. It is typically used to track the amount of work that a particular machine can produce over a given period of time. It is also used to measure the efficiency of a machine, or the amount of work it can produce in a given amount of time. Machine hours can be used to compare the performance of different machines and to determine the cost of production. Additionally, machine hours are often used to calculate the cost of labor associated with the operation of a particular machine.

To calculate the company's plantwide overhead rate, we need to divide the total overhead cost by the number of machine hours planned for the next year.
Plantwide overhead rate = Total overhead cost / Number of machine hours
Plantwide overhead rate = $8,476,000 / 400,000 machine hours
Plantwide overhead rate = $20.80 per machine hour


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Related Questions

according to keynes, the level of economic activity is predominantly determined by the level of

Answers

Answer:

Aggregate demand

Explanation:

I hope this helps.

which of the following statements is true regarding independent contractors? which of the following statements is true regarding independent contractors? using an independent contractor increases the employer's exposure to laws and regulations governing the employment relationship. using an independent contractor substantially increases the right of the employer to control the contractor. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees. an independent contractor is a legal employee of the company which hired him/her.

Answers

The true statement regarding independent contractors is c. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees.

Employers who use independent contractors are relieved of their need to withhold and pay employee taxes. Regarding independent contractors, this is accurate. An independent contractor is regarded as self-employed and is in charge of paying their own taxes, including Social Security and Medicare taxes, when an employer hires them. As they would for a normal employee, the employer is not required to withhold or pay employment taxes on behalf of the independent contractor.

The other claims made about independent contractors are untrue. Utilizing an independent contractor doesn't expose the employer to more of the rules and laws that regulate the employment relationship; in fact, independent contractors are frequently exempt from legislation like minimum wage and overtime requirements. Because independent contractors frequently have more freedom and authority over their work than normal workers, using them does not significantly boost the employer's ability to manage the contractor.

Complete Question:

which of the following statements is true regarding independent contractors?

a. using an independent contractor increases the employer's exposure to laws and regulations governing the employment relationship.

b. using an independent contractor substantially increases the right of the employer to control the contractor.

c. using an independent contractor frees an employer from the tax withholding and tax payment obligations it has for its employees.

d. an independent contractor is a legal employee of the company which hired him/her.

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what factors must be considered when a contractor develops the proposal price? why is this not an easy task?

Answers

The contractor must take these elements into account when developing the proposal price.

Reputation In today's competitive marketplace, it is essential for the contractor to protect both his own reputation and the reputation of his clients because word of mouth plays a crucial role in business.

Capital This aspect must be evaluated at the beginning of doing business with customers because there are instances in which projects are abandoned midway due to a lack of capital.

The contractor's ability to win the project must be evaluated and taken into account in the proposal.

We can easily determine, based on the aforementioned factors, that it will be difficult to develop and win the proposal framework due to the fact that price is generated by the effort put in to produce high-quality goods that meet the highly uncertain needs of the general public.

What is a sign of a market that is competitive?

characteristics of a market with perfect competition. Firms can enter or exit the industry regardless of their location or business needs. Assets are allowed to move and makers can sell their result in a market. Exceptional data.

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Create a simple flowchart showing how a tax can result in a deadweight loss. Please I need help!

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The simple flowchart that illustrates how tax results in a deadweight loss is Tax on a good → Price increase for consumers and decrease for producers → Reduction in quantity transacted in the market → Deadweight Loss → Inefficient allocation of resources.

The simplified flowchart to show the basic mechanism behind the deadweight loss caused by a tax. In reality, the size and shape of the deadweight loss can be influenced by various factors, such as the demand and supply elasticities, the size of the tax, the market structure, and the presence of externalities or public goods.

The flowchart is attached.

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Create a simple flowchart showing how a tax can result in a deadweight loss. Please I need help!

Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?

Answers

The value of each share if you calculate it as $1,000,000/2,000 =500.

What is stock?

A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.

The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.

The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.

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The complete question is Probably

Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =

on october 25, yacht doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. during november, the yacht was delivered and 1 month of the service contract was performed. the remaining services are to be performed evenly over the next 3 months. in what month should the $180,000 for the yacht be recognized as revenue?

Answers

In November the $180,000 for the yacht be recognized as revenue.

In average, yacht models may cost anywhere from $500,000 to $10,000,000, depending on size, year, and model. According to the Boats Group market index, the average cost of a yacht in the 56′-79′ range in the United States for 2021 was $1.1 million.

Many luxury megayachts and superyachts can traverse the ocean, but not all are equipped or designed to do so. It is approximately 3,000 nautical miles. If the yacht lacks this range, there are alternative options for transporting it across the ocean on a cargo ship or huge container ship.

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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1

Answers

Answer:

I hope this helps

Explanation:

216-258 0

Mary's baby was born at 28 weeks, and now part of her medical care includes massage several times a day.What are the benefits of the massage?

Answers

The benefits of massage for Mary's baby born at 28 weeks include improved weight gain, enhanced motor development, and reduced stress levels.

Massage therapy has been shown to have numerous positive effects on premature infants. One of the main benefits is improved weight gain. Regular massage can stimulate the release of growth hormones and increase the production of insulin, leading to better weight gain in premature babies. Additionally, massage can help enhance motor development by promoting muscle strength, coordination, and flexibility. It can stimulate the nervous system and encourage the development of motor skills.

Furthermore, massage therapy can help reduce stress levels in premature infants. Premature babies often experience high levels of stress due to their early entry into the world and the unfamiliar environment of the neonatal intensive care unit. Gentle massage techniques can provide comfort and relaxation, soothing the baby's nervous system and promoting better sleep patterns.

Overall, incorporating massage therapy as part of Mary's baby's medical care can offer various benefits, including improved weight gain, enhanced motor development, and reduced stress levels.

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If new firms enter a monopolistically competitive market, the demand curves for the existing firms will:
A)
Shift to the left and become more price inelastic.
B)
Shift to the left and there will be no change in price elasticity.
C)
Shift to the left and become more price elastic.
D)
Shift to the right and there will be no change in price elasticity.

Answers

If new firms enter a monopolistically competitive market, the demand curves for the existing firms will: C) Shift to the left and become more price elastic.

When new firms enter a monopolistically competitive market, it increases the number of substitutes available for consumers to choose from. This leads to a decrease in demand for the existing firms' products, causing their demand curves to shift to the left. Additionally, with more substitutes available, consumers have more options to compare prices and may become more price sensitive, making the demand curve more price elastic.

When new firms enter a monopolistically competitive market, the demand curves for the existing firms will:

C) Shift to the left and become more price elastic.

This occurs because the increase in competition from new firms leads to a decrease in demand for the existing firms' products, causing the demand curve to shift to the left. Additionally, the increased competition makes consumers more sensitive to price changes, resulting in a more price elastic demand curve.

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Question:What is the main causes of a change in quantity demanded?Demand:Competition and technology can revolutionize the way a product or service is delivered and can cause the price for a product to fall as it becomes profitable at lower prices to make the product. The change is supply can rise in the event of a natural disaster or a government trade war can make the prices rise to reflect a greater scarcity in supply than beforehand.

Answers

A change in the exact quantity of a product that customers are willing and able to purchase is referred to as a shift in the quantity demanded. A change in pricing is what led to this shift in the quantity demanded.

What is the main cause of a change in quantity demanded?

Demand: A product's price may drop when it becomes more profitable to produce the product at lower prices as a result of competition and technology, which may also alter the way a good or service is delivered.

In the event of a natural disaster or a government trade war, supply may increase, causing prices to increase to reflect a higher shortage in supply than before.

An entire demand curve might shift right or left due to changes in variables like average income and preferences. As a result, the quantity demanded at a given price can be larger or lower. The prevailing view presumption. Assuming no other parameters change, demand curves link the prices and quantities required.

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A benefit of using association is that it allows the learner to be creative and have fun

Answers

Answer: True

Explanation:

Answer:

True

Explanation:

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:

Answers

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

What is optimal-wage theory?

Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.

Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

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True or false: how audience members perceive a business presentation speaker's authenticity impacts how they regard the speaker's message

Answers

Definitely true. If the speaker doesn’t seem authentic, the message doesn’t seem as important to listen to.

NEED HELP ASAP, WILL GIVE BRAINLIEST


The chart below shows a production possibility schedule for a pastry shop that makes $0.50 profit per donut and $0.75 profit per bagel. Choice __ yields the largest profit.

NEED HELP ASAP, WILL GIVE BRAINLIEST The chart below shows a production possibility schedule for a pastry

Answers

The answer is Choice B

Answer:

its B

Explanation:

if you take how much he makes per donut and per bagel and multiply it by the quantity of each it will give you a total and you just add both the donut total and the bagel total it will give you the final profit and you do that to all of them and see which one has the most money

in identifying a best-selling item, advertisers are hoping to appeal to which psychological trigger?

Answers

Advertisers want to trigger the psychological effect of social proof when recognising a best-selling product.

According to the concept of "social proof," people are more inclined to adopt a specific behaviour or belief if they observe that others are already doing so. An advertiser uses social proof to sway consumer behaviour when they portray a product as a best-seller. The advertising implies that the product is a good choice by showcasing its popularity by pointing out how many people have already made the same decision. This fosters a sense of security and lowers the perceived risk of making a transaction, increasing the likelihood that the customer would acquire the good. Advertisers can produce a potent psychological impact by appealing to the psychological trigger of social proof.

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loukas is the ceo of a company that makes laundry detergent. even in this very competitive market, loukas acts with ________ to take actions that benefit the interests of society as well as the organization.

Answers

Loukas acts with social responsibility to take actions that benefit both the interests of society as well as his organization.

It is only acting with social responsibility that balances the interests of society with the interests of the laundry detergent organization.

Social responsibility involves checking the resources organizational resources, dealing with social issues, and tackling social problems.

Thus, when Loukas acts with social responsibility, it becomes for him to recruit and retain productive employees and achieve profit motives.

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Define and compute opportunity cost

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Answer:

opopportunity cost is the value of the next best alternative or option. this value may not be measure on money

value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going

If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers

Answers

Answer:

C.   proper technology to keep the person connected

Explanation:

Answer:

C

Explanation:

Edge 2021

Recently the price of a popular perfume has increased by $10. How will the price change likely affect the quantity demanded and supplied?.

Answers

Supply will increase, and demand will decrease if the price of a popular perfume increase.

What is supply?

Supply is the quantity of goods and services, a supplier is willing to supply to the market at a particular price. Suppliers are willing to sell more quantity of a good when the price increases than when the price decreases to maximize their revenue and profits.

A supplier will be willing to supply more goods if there is an increase in price of such goods.

However, the opposite is the case for a buyer whereas a buyer would reduce the quantity of goods he or she purchase due to the increase in price.

Hence, supply will increase and demand will decrease if the price of a popular perfume increase.

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Is General accounting difficult?

Answers

While there are some difficult concepts within accounting, such as debits and credits, double-entry bookkeeping, and accruals, these can be learned and understood with time and practice.

In general, accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

The main challenge in accounting is understanding and correctly applying the debits and credits principle. This principle states that every financial transaction has two sides, a debit side, and a credit side.

The transaction will increase one account and decrease another account by the same amount. For example, when a business owner withdraws cash from the business bank account, the account will be debited for the amount of cash withdrawn and the owner’s personal bank account will be credited.

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If someone pretends to be your banking institution in order to convince you to tell them your password information, this is called

Answers

Spoofing occurs if someone pretends to be a bank to obtain passwords or any other important piece of information.

Spoofing describes a type of scam or cyber attack that involves:

A person or group of people pretending they are a trusted organization.Scammers obtaining important information such as passwords, bank account numbers, etc.

Nowadays, spoofing is rather common and it can be done through phone calls, e-mails, websites, and even texts.

Based on this, an example of spoofing is if someone pretends to be your bank just to access private information for malicious purposes.

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a) Which talent management approach better fits the SMEs context and
why?

b) Why do Greek SMEs adopt a less strategic approach to talent acquisition?

c) What implications does this academic article make for SMEs, HR
practitioners and policymakers in terms of talent management?

Answers

It should be noted that talent management is important in businesses as it helps in the management of the important assets of the company.

Talent management.

Your information is incomplete as you didn't provide the article or the SME in question. Therefore, an overview will be given. Some of the examples of talent management approaches include:

Employer branding.Employer reputation.Selection.Referrals.Onboarding and Inboarding.Engagement.Retention.Learning and development.

For a SME, the important approaches will be employer branding and reputation. It's important for companies to build their reputation.

In conclusion, talent management helps in getting high potential employees and therefore, provides organizations with the managerial talent source and also a competitive resources advantage.

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Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If Tinker Bell has 9,000 units on hand on December 31, the cost of the ending inventory under LIFO is a. $113,000. b. $100,000. c. $108,000. d. $99,000. a. . b. . c. . d. . 3.33333 points Save Answer QUESTION 2 Which of the following should not be included in the physical inventory of a company? a. Goods held on consignment from another company b. Goods shipped on consignment to another company c. Goods in transit from another company shipped FOB shipping point d. None of the answer choices are correct

Answers

Answer:

Question 1

b. $100,000

Question 2

(a) Goods held on consignment from another company.

Explanation:

Question 1

Calculation to determine what the cost of the ending inventory under LIFO is

Using this formula

Cost of the ending inventory =(Inventory, Jan. 1 Units*Cost )+[(Dec 31 Units on hand- Inventory, Jan. 1 Units)*Purchase, June 19 Cost ]

Let plug in the formula

Cost of the ending inventory =(8,000 * $11) + (1,000 *$12)

Cost of the ending inventory =$88,000+$12,000

Cost of the ending inventory =$100,000

Therefore the cost of the ending inventory under LIFO is $100,000

Question 2

GOODS HELD ON CONSIGNMENT FROM ANOTHER COMPANY should NOT be included in the PHYSICAL INVENTORY of a company but rather be included in the inventory of the sender of the goods which is the CONSIGNOR.

The departmentalization that is notorious for confusion and conflict between project managers in different areas of the organization is ________.

Answers

The matrix system of departmentalization is notorious for confusion and conflict.

This is because team members have to report to two leaders under a matrix form of departmentalization. The team members have both a project manager as well as a departmental head. So this type of system will definitely lead to confusion.

The matrix form of departmentalization is against the traditional form of the boss-employee relationship. In those types of relationships, there used to be only one employee who had to report only to one boss. Now there is the same employee that has to report to two bosses. So definitely, this is going to lead to confusion.

So under the matrix type of departmentalization, there will definitely be conflicts between the project managers. This confusion and conflict will also be there between different areas of the organization. The plus point of the matrix system of departmentalization is that it will lead to innovations in the company or business.

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A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

Answers

There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).

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Which of the following combines a cooktop and oven into one appliance?

Answers

Answer:

A freestanding range, great for both large and small kitchens, combines a cooktop and oven into one versatile appliance. Whether you're baking, roasting, boiling or frying, a range lets you do it all.

Jarden Company has credit sales of $3,600,000 for year 2017. On December 31, 2017, the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here. December 31, 2017 Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible $ 830,000 Not yet due 1.25 % 254,000 1 to 30 days past due 2.00 86,000 31 to 60 days past due 6.50 38,000 61 to 90 days past due 32.75 12,000 Over 90 days past due 68.00 Problem 7-3A Part 1 Required: 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2017, using the aging of accounts receivable method.

Answers

Answer:

$41,650

Explanation:

The computation of Estimate the required balance of the Allowance for Doubtful Accounts is shown below:-

Particulars     Account receivable    %       Estimated uncollectible

Not yet due       $830,000           1.25%            $10,375

1 to 30 days       $254,000             2%                $5,080

31 to 60 days    $86,000             6.50%             $5,590

61 to 90 days   $38,000               32.75%           $12,445

Over 90 days    $12,000               68.00%           $8,160

Estimated balance                                                $41,650

In of the marketing planning process, marketing managers decide which markets to target and develop the marketing mix strategies to support how they want to position the product in the market?

Answers

Yes, that is correct. The step you are referring to is called market targeting and involves evaluating different market segments and selecting which ones to target with marketing efforts.

Once the target market is selected, marketing managers develop a marketing mix, which includes the four Ps (product, price, promotion, and place), to create a product offering that will appeal to the target market and differentiate it from competitors. Market targeting is an important step in the marketing planning process that involves evaluating different market segments and selecting which ones to target with marketing efforts. Once the target market is selected, marketing managers develop a marketing mix, which includes product, price, promotion, and place, to create a product offering that will appeal to the target market and differentiate it from competitors.

By targeting a specific market segment, a company can focus its resources and efforts on the customers who are most likely to be interested in its products or services. Developing a marketing mix that is tailored to the target market's needs and preferences can increase the effectiveness of marketing efforts and lead to greater customer satisfaction and loyalty.

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It costs a computer firm, on average, $24 to produce a single computer. This firm makes $176 in revenue from each computer it sells. Assume this firm sells 15 computers, what is its total profit

Answers

The total profit of the computer firm from selling 15 computers is $2,280 dollars.

To calculate the total profit of the computer firm, we need to subtract the total cost from the total revenue.

Given that it costs $24 to produce a single computer and the firm sells 15 computers, the total cost would be $24 multiplied by 15:

Total Cost = $24 * 15 = $360

Since the firm makes $176 in revenue from each computer it sells, the total revenue would be $176 multiplied by 15:

Total Revenue = $176 * 15 = $2,640

To calculate the total profit, we subtract the total cost from the total revenue:

Total Profit = Total Revenue - Total Cost = $2,640 - $360 = $2,280

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In the sale of a business, if the requirements of the Uniform Commercial Code are not
followed, who would most likely suffer the greatest injury?
Buyer
Broker
Creditors
Lender

Answers

If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

The UCC comprised of rules that applied for the following contracts:

Sale of goodsGoods leasingnegotiable instrumentsbanking transactionsletter of creditinvestment securitiestransactions that are secured

It is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller

So, the parties that do not suffer are:

BrokerCreditorLender

Therefore we can conclude that If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

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Plzzz help I will give you 25 points Which statements describe a Greek religious belief?Select all correct answers.All gods and goddesses were equal.The gods and goddesses helped the good and punished the wicked.The gods and goddesses had human qualities, such as anger and sorrow. Which statement best describes what high inflation indicates about an economy? The purchasing power of a dollar remains the same as 15 years ago, so high inflation has no impact on the economy. A worker's salary today will buy the same amount of groceries for the same price as 10 years ago. Rising costs in housing, food, and utilities will likely have a negative impact on a family's standard of living. The government will not work to manage inflation when it is at high levels since there is no policy that has proven to be effective. ANA or Analovescookies where be you? HURRY PLEASE I AM TIMED What was a result of farming improvements in ancient China? What is 21 in spanish V. N. Murti and V. K. Sastri investigated the production characteristics of various Indian industries, including cotton and sugar. They specified Cobb-Douglas production functions for output (Q) as a double-log function of labor (L) and capital (K): = In Qi = Bo + B1 InLi +B2 InK; ++i and obtained the following estimates (standard errors in parentheses): Industry B. B R? Cotton 0.97 0.92 0.12 .98 (0.03) (0.04) Sugar 2.70 0.59 0.33 80 (0.14) (0.17) (a) What are the elasticities of output with respect to labor and capital for each industry? (b) Murti and Sastri expected positive slope coefficients. Test their hypotheses at the 5-percent level of significance. (Note: there were 125 cotton producers and 26 sugar producers.) I need help with this Has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640. how long, on average, does it take the firm's customers to pay for their purchases? assume a 365-day year. Help me please! I dont understand CO13. According to Model 2, what structure holds the two sister chromatidstogether as they prepare for cell division?O CentromereChromatidChromatinCh What time of year does santa come around? Find an equation of the tangent plane to the graph of F(r, s) at the given point:F(r, s) = 3 1/3^3 - 3r^2 1/s^05, (2, 1,-9)z = When carbohydrate intake is low, which of the following is most likely to result?a. Your ur body will starveb.your body will store more fatc.your energy will use more energyd.your body will break down other nutrients for energy The amplitude of a lightly damped oscillator decreases by 4.3% during each cycle. What percentage of the mechanical energy of the oscillator is lost in each cycle? the sides of a triangle are 3x+2 6x-1 and 7-x express the perimeter in terms of x In the momentum conservation equationP1 + P2 = P'1+P'2the prime indicates those variable are Intro Apple currently trades at $593. You bought a call option on Apple stock with a strike price of $588 for $3.4 three months ago, which expires today. - Attempt 1/2 for 10 pts. Part 1 What is the payoff? 0+ decimals Submit Part 2 - Attempt 1/2 for 10 pts. What is your total profit from buying one (single) option? A lion is running at constant speed toward a gazelle that is standing still, as shown in the top figure above. After several seconds, the gazelle notices the lion and accelerates directly toward him, hoping to pass the lion and force him to reverse direction. As the gazelle accelerates toward and past the lion, the lion changes direction and accelerates in pursuit of the gazelle. The lion and the gazelle eventually each reach constant but different speeds. Which of the following sets of graphs shows a reasonable representation of the velocities of the lion and the gazelle as functions of time? You ran 3.4 miles. Your penpal from Germany ran 5 km. Who ran the greater distance? (1 mile = 1.61 km)YouYour friendPLS HURRY