Answer:Mediocre skills required.
Explanation:
Answer:
fixed costs = $255,000
variable costs = (15,000 / 17,000) x $216,750 = $191,250
Explanation:
A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.
Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.
Answer:
Quarterly interest payment= $11.25
Explanation:
<em>T</em><em>he coupon rate is the proportion of the nominal value of a bond that is paid as interest . This proportion is always as a quoted as percentage . And the payment can be made annually, semi-annually or even quarterly</em>
<em>Here the quarterly payment implies that the investor would receive the interest payment every three months</em>
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Annual Interest payment = coupon rate × nominal value
= 4.5% × 1,000 = 45
Quarterly interest payment = 45 × 3/12 = 11.25
Quarterly interest payment= $11.25
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Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below: