Smaller bags of items are generally priced lower per unit than larger bags.

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area

zavuch27 [327]

Answer:

Puget Sound Divers

Puget Sound Divers Planning and Flexible Budgets

For the Month Ended May 31

Planning Flexible

Budget Budget

Budgeted diving-hours (q) 350 340

Revenue ($390.00q) $ 136,500 $132,600

Expenses:

Wages and salaries 53,100 51,900

Supplies ($5.00q) 1,750 1,700

Equipment rental 11,250 11,000

Insurance ($4,100) 4,100 4,100

Miscellaneous 1,017 1,003

Total expense 71,217 69,703

Net operating income $ 65,283 $ 62,897

Explanation:

a) Data and Calculations:

Puget Sound Divers Planning Budget

For the Month Ended May 31

Budgeted diving-hours (q) 350

Revenue ($390.00q) $ 136,500

Expenses:

Wages and salaries ($11,100 + $120.00q) 53,100

Supplies ($5.00q) 1,750

Equipment rental ($2,500 + $25.00q) 11,250

Insurance ($4,100) 4,100

Miscellaneous ($520 + $1.42q) 1,017

Total expense 71,217

Net operating income $ 65,283

Flexing the budget with actual activity of 340:

Revenue ($390.00q) $ 136,500/350 * 340 = $132,600

Expenses:

Wages and salaries ($11,100 + $120.00 * 340) = $51,900

Supplies ($5.00q) 1,750/350 * 340 = $1,700

Equipment rental ($2,500 + $25.00 * 340 = $11,000

Miscellaneous ($520 + $1.42 * 340 = $1,003

7 0

3 years ago

Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning

pantera1 [17]

Answer:

Sunland Co.

The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.

Explanation:

a) Data and Calculations:

Cost Retail Cost to Retail Ratio

Beginning inventory $ 318,000 $494,000

Purchases 1,240,000 1,720,000

Freight-in 23,000 —

Employee discounts — 8,500

Net markups — 66,000

Goods available for sale $1,581,000 $2,288,500 69.08%

Less:

Net markdowns — 86,000

Sales revenue — 1,620,000

Estimated ending Inventory at retail $582,500

Estimated ending Inventory

at cost $402,391 ($582,500 * 69.08%)

Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%

3 0

3 years ago

Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?

artcher [175]

Answer:

B. Yes, although it may be breached in most states if there is a court order to do so.

Explanation:

Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so.

3 0

3 years ago

On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold w

laiz [17]

Answer:

1,000 long term capital gain

Explanation:

8 0

4 years ago

EA1.

Akimi4 [234]

Answer:

Explanation:

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5 0

3 years ago