1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elenna [48]
3 years ago
15

Shelby Boat Wash's cost formula for its cleaning equipment and supplies is $2,940 per month plus $35 per boat. For the month of

September, the company planned for activity of 73 boats, but the actual level of activity was 29 boats. The actual cleaning equipment and supplies for the month was $4,010. The activity variance for cleaning equipment and supplies in September would be closest to:
Business
1 answer:
Vilka [71]3 years ago
5 0

Answer:

$1,540

Explanation:

Calculation for the activity variance for cleaning equipment and supplies in September

First step is to calculate for theFlexible budget

Using this formula

Flexible budget =[Cleaning equipment and supplies +(Amount per boat ×Actual level of activity)

Let plug in the formula

Flexible budget =[$2,940 + ($35 × 29)]

Flexible budget =$2,940+$1,105

Flexible budget =$3,955

Second step is to calculate for the Planning budget using this is formula

Planning budget =[Cleaning equipment and supplies +(Amount per boat ×Planned activity ]

Let plug in the formula

Planning budget= [$2,940 + ($35 × 73)]

Planning budget=$2,940+$2,555

Planning budget=$5,495

Now let calculate for the activity variance

Using this formula

Activity variance=Flexible budget-Planning budget

Let plug in the formula

Activity variance=$3,955-$5,495

Activity variance=$1,540 Favorable

Therefore the Activity variance for cleaning equipment and supplies in September is closest to:$1,540 Favourable reason been that the flexible budget is lesser than the planning budget

You might be interested in
All _____________must become part of the federal reserve system.
grin007 [14]

All  <u>national banks</u> become part of the federal reserve system.

<h3>What is federal reserve system?</h3>

Federal reserve system is a financial institution that is in charge of regulating and controlling  money in circulation so as create a stable economy that will help to prevent of financial crisis.

National banks are also known as commercial bank and this commercial banks are under  central bank supervision.

Therefore all  <u>national banks</u> become part of the federal reserve system

Learn more about Federal reserve system here:brainly.com/question/1997750

#SPJ1

7 0
1 year ago
a secured party who has control will prevail over a secured party who has only filed for these types of collateral:
marshall27 [118]

Deposit accounts, Investment Property, and Letter-of-credit Rights. Thus option (A) is correct

<h3>What is the investment?</h3>

Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.

Whether or not there is a current obligation to be secured, a person who has the benefit of the security interest generated by or provided for under a security arrangement is known as a secured party under UCC law. when the secured party is in possession, a duty of care.] A secured party must take reasonable care to keep the collateral it has in its possession safe unless subsection (d) provides otherwise.

Therefore, Thus option(A) is correct

Learn more about investments here:

brainly.com/question/15353704

#SPJ1

5 0
1 year ago
Which of the following documents will a bank issue in order to secure a loan with your personal assets?
Minchanka [31]
You to do a loan application
6 0
3 years ago
Red Barchetta Co. paid $27,860 in dividends and $28,815 in interest over the past year. During the year, net working capital inc
const2013 [10]

Answer:

the company's cash flow from assets is - $42,880.

Explanation:

Cash flow from assets is also known as cash flow from investment activities.

Prepare <em>a section of cash flow from investing activities </em>to determine the cash flow from assets.

The only cash flow from investing activity is purchase price (cash outflow) of the assets of $42,880.

8 0
3 years ago
On January 1, 2021, Legion Company sold $250,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
notsponge [240]

Answer:

The bond interest expense to be shown in profit or loss as t 30 June 2021

$9,838.56

Explanation:

The bond interest expense is the actual finance cost of using the funds made available by bondholders while the coupon payment is the portion of the finance cost paid to them periodically.

Interest expense=bonds cash proceeds*yield to maturity*6/12

bonds cash proceeds is $163,976

yield to maturity is 12%

interest expense=$163,976*12%*6/12=$9,838.56  

5 0
2 years ago
Read 2 more answers
Other questions:
  • The government has become more actively engaged in regulating the american economy since 1900. question 9 options: 1) true 2) fa
    15·1 answer
  • A shoe manufacturer pays part of the media bill when a local shoe store features the manufacturer's brand in its advertising. wh
    6·1 answer
  • The technological advancement allowing for _____ has created a potential for inappropriate access and/or misuse of information.
    11·2 answers
  • Suppose your local government decided to tax the interest income on its own bonds as part of an effort to rectify serious budget
    11·1 answer
  • A clothing manufacturer makes both shirts and shorts. The sales price for shirts is $24 with variable costs of $10 and shorts ha
    12·1 answer
  • The weekly gathering of friends and family in an Iranian-American home, where rituals, food, and cultural practices from Iran ar
    13·1 answer
  • Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of
    9·1 answer
  • Perry Investments bought 2,000 shares of Able, Inc. common stock on January 1, 20X1, for $20,000 and 2,000 shares of Baker, Inc.
    9·1 answer
  • A proposal that has significant support among policymakers regardless of political party is the need to modernize the nation's i
    6·1 answer
  • jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!