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yKpoI14uk [10]
3 years ago
11

If staff salaries were $44,000/month last year, and the yearly cost increase from last year to this year $108,000, what is the m

onthly labor cost this year?
Business
1 answer:
andre [41]3 years ago
8 0

Answer:

The monthly labor cost this year=$53,000

Explanation:

<em>Step 1: Determine yearly cost of labor last year</em>

T=C×N

where;

T=total cost of labor last year

C=labor cost per month

N=number of months in a year

In our case;

T=unknown, to be determined

C=$44,000 per month

N=12 months

Replacing;

T=(44,000×12)=$528,000

<em>Step 2: Determine yearly cost of labor this year</em>

This years cost of labor can be expressed as;

Y=T+I

where;

Y=this year's labor cost

T=last years labor cost

I=the increase in cost from last year to this year

In our case;

Y=unknown to be determined

T=$528,000

I=$108,000

Replacing;

Y=(528,000+108,000)=$636,000

<em>Step 3: Determine monthly cost of labor for this year</em>

Monthly labor cost this year=this years labor cost/number of months in a year

where;

Monthly labor cost this year=unknown to be determined

this years labor cost=$636,000

number of months in a year=12

Replacing;

Monthly labor cost this year=(636,000/12)=$53,000

The monthly labor cost this year=$53,000

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Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales
Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0
3 years ago
The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed i
GaryK [48]

Answer:

The answer is 20.55 days

Explanation:

Solution

Given that:

Annual sales =$627,200

Average accounts receivable =$35,300

Now

The accounts turnover ratio (receivable) = Sales/Average accounts receivable

Accounts receivable turnover ratio = $627,200/$35.300

=17.76 times

Thus

Number of days payment receives = 365/ Accounts receivable turnover ratio =365 days/17.76 times

=20.55 days

Therefore The company takes 20.55 days to get payment for its services

7 0
2 years ago
Grey owns the surface rights for High Desert Ranch, which includes a house, a bunkhouse, and two barns. Industrial Mining Inc. o
Maslowich

Answer:

Industrial Mining

Explanation:

Industrial Mining is the one who is responsible for the damage as the industrial mining is the company who owns the project for drilling in the surface rights and to extract the oil but due to drilling wrongly, it leads to the surface subsides and the structure collapsed where as the Grey is not responsible as it owns the surface rights for the High desert bunch comprise of bunk house and house.

6 0
3 years ago
A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all i
Hitman42 [59]

A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

<h3>What is a ledger?</h3>

A ledger is a specialized accounting tool.  It can also be described as a financial book or computer program.

In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.

From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.

Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

Learn more about the ledger accounts at brainly.com/question/17143087

4 0
1 year ago
Tobang Company is in the process of setting its target capital structure. The CFO believes the optimal debt ratio is somewhere b
Alex787 [66]

Answer:

The Ideal Capital structure is approximately 20% of Debt and 50% of Equity. Thus, Optimal Capital Structure of Tobang Company is 40:60.

At 40% debt ratio the company’s Weighted Average Cost of Capital (WACC) is minimized.

Explanation:

3 0
3 years ago
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