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
jarptica [38.1K]
3 years ago
7

Problem 21-3a part 1&2 required: 1&2. prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 uni

ts and classify all items listed in the fixed budget as variable or fixed.

Business
1 answer:
Arada [10]3 years ago
7 0

<span>Below is the flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.</span>

You might be interested in
Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company tha
lora16 [44]

Answer:

Amoun of sales Revenue for the first quarter of 2019

Jan                              $120,000

Feb ( 120,000*1.05)       126,000

March ( 126,000* 1.05)    <u>132,300</u>

                                         <u>378,300 </u>

<u> Cash Receipt schedule for the first quarter of 2019</u>

                                             Jan               Feb               March

Jan sales                            $84,000       24,000          12,000

Feb sales                                 -                88,200         25,200

March sales                         <u>    -      </u>           <u>   -          </u>        <u>92,610</u>

                                           <u>84,000</u>           <u> 112,200</u>        <u>129,810</u>

<u />

<u>Amount of Account Receivable as of MArch 2019</u>

Feb sale   10%* 126,000                                 $12,600

March sales( 20%* 132,300) + (10%*132300)   <u>39,690</u>

                                                                          <u>  52,210</u>

Explanation:

cash receipt

Jan Sales :   Jan     70% * 120,000 = 84,000

                    feb      20%* 120,000   = 24,000

                  March    10% * 120,000  = 12,000

Feb sales  :   Feb   70%*126,000 =  88,200

                      March 20% * 126,000 = 25,200

                      April   10%* 126,000 =     12,600

March sales :    March   70%* 132300 = 92,610

                         April      20%*132300 =  26,460

                        May         10%*132300 =   13,230

5 0
3 years ago
Which of the following bank services pays the customer compound interest?
Gnom [1K]
Based on the given question above, the correct answer for this would be option C. The bank service that pays the customer compound interest is a saving account. <span>A </span>savings account<span> is an interest-bearing deposit </span>account<span> held at a </span><span>bank. Hope this is the answer that you are looking for. Have a great day!</span>
4 0
3 years ago
Tiptoe shoes had annual revenues of $201,000, expenses of $111,700, and dividends of $24,400 during the current year. the retain
Andreyy89

Entry to close the income summary account at the end of the year:


At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:


Net income =  Revenue – Expenses  = 201,000-111,700 = $89,300


Hence the entry to close the income summary account at the end of the year shall be as follows;


Income Summary Debit  $89,300

Retained earnings Credit $89,300





4 0
3 years ago
Which of the following functions of money would owning a house in a stable market be classified under?
adell [148]

Answer:

medium of exchange hope this helps

6 0
3 years ago
Two firms examined the same capital budgeting project which had an IRR of 16%. One firm accepted the project but the other rejec
Mrrafil [7]

Answer:

the statement is not valid. A company can reject the 16% IRR project if it is less than its discount rate. the discount rate is the minimum acceptable rate at which a project can be accepted. so, if 16% is less than than the discount rate, the project would be rejected.

on the other hand, if the discount rate is less than 16%, the project should be accepted because the return of the project would be greater than the discount rate.

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

7 0
3 years ago
Other questions:
  • What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years?
    12·1 answer
  • A console game, ZOMBIES!, has come out recently. It sells for $60. Which of these might lower the price of the game?
    11·1 answer
  • MotorCar, a major automobile company headquartered in Detroit, is concerned about being left behind in the race to produce auton
    10·1 answer
  • What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents
    8·2 answers
  • In the instrumental exchange stage, _____. A.your primary concern will be to avoid trouble for yourself B. you will stick to you
    13·1 answer
  • PLSSSSSS I NEED THIS ASAP
    7·2 answers
  • Youngstown Rubber reports the following data for its first year of operation.
    10·1 answer
  • While people and societies do, indeed, respond to the opportunities and constraints of their physical environments, ________ tak
    12·1 answer
  • Given the following data: Average Operating Assets $250,000 Total Liabilities $100,000 Sales $600,000 Contribution Margin $150,0
    9·1 answer
  • In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How m
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!