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Dafna1 [17]
3 years ago
6

Alcohol-related accidents and violence are the leading cause of death for americans under the age of 35. if you drive with a bac

in the .10 to .14 range, your chances of being killed in a single-vehicle crash are:
Business
1 answer:
adelina 88 [10]3 years ago
3 0
Your chance of being killed in a single vehicle crash are 48 times more likely. The more drinks a person takes, the more the level of alcohol in his blood. The higher the level of alcohol in one's blood the less coordinated they are and the more the probability of them getting involved in accidents. 
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Bay City Company’s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 var
vredina [299]

Answer:

Bay City Company

Flexible Budget Performance Report:

                                         Flexible Budget    Actual Results    Variances

Sales (in units)                            4,900                4,900

Sales (in dollars)                  $392,000          $431,200        $39,200 F

Total expenses:

Variable expenses                245,000           276,000           31,200 U

Fixed expenses                     140,000            130,000            10,000 F

Total expenses                     385,000           406,000            21,200 U

Income from operations        $7,000           $25,200          $18,200 U

Explanation:

a) Data and Calculations:

Variable expenses = $300,000

Fixed expenses =      $140,000

Budgeted total expenses = $440,000

Actual expenses:

Fixed expenses = $130,000

                                         Fixed Budget    Actual Results    Variances

Sales (in units)                            6,000                4,900

Sales (in dollars)                  $480,000          $431,200        $48,800 U

Total expenses                     440,000           406,000           34,000 F

Income from operations      $40,000           $25,200         $14,800 U

Flexing the budgets:

Sales revenue = $392,000 ($480,000/6,000 * 4,900)

Variable expenses = $245,000 ($300,000/6,000 * $4,900)

Actual variable expenses = $276,000 ($406,000 - $130,000)

6 0
2 years ago
Flounder Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
ipn [44]

Answer:

a.

Journal Entries

Dr. Cash ___________________$104,000

Cr. Common Stock ___________$5,000

Cr. Preferred stock ___________$10,000

Cr. Paid in capital Common Stock $78,200

Cr. Paid in capital Preferred stock $10,800

b.

Dr. Cash ___________________$104,000

Cr. Common Stock ___________$5,000

Cr. Preferred stock ___________$10,000

Cr. Paid in capital Common Stock $84,000

Cr. Paid in capital Preferred stock $5,000

Explanation:

a.

First, we need to calculate the fair value of each type of shares using the following formula

Fair value  = Numbers of shares x Fair value per share

Fair Value of Common Share = 500 shares x $164 per share = $82,000

Fair value of preferred share = 100 shares x $205 per share = $20,500

Total value of shares = $82,000 + $20,500 = $102,500

Now allocate the Value of $104,000 bases on the fair value

Allocation to

Common stock = $104,000 x $82,000 / $102,500 = $83,200

Preferred stock = $104,000 x $20,500 / $102,500 = $20,800

Now calculate the par values

Par Values

Common stock = 500 shares x $10 = $5,000

Preferred stock = 100 shares x $100 = $10,000

Now calculate the additional paid-in capital

Additional paid-in capital

Common stock = $83,200 - $5,000 = $78,200

Preferred stock = $20,800 - $10,000 = $10,800

b,

Value of common stock = $178 per share x 500 shares = $89,000

Additional paid in capital

Common stock = $89,000 - $5,000 = $84,000

Preferred stock = $104,000 - $89,000 - $10,000 = $10,000

6 0
2 years ago
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

Administrative expenses = $37,100

Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
3 years ago
The marketing manager at Widgets R Us became aware that a leading competitor was conducting an extensive customer survey. Somewh
muminat

Answer:

Problem definition.

Explanation:

Problem definition is the process of identifying an area for improvement, a difficulty that needs eliminating, or problem to be solved.

The marketing manager at Widgets R Us did not define a problem before starting their own survey.

Problem definition directs the focus of the survey, without a defined problem the survey will be of no use.

3 0
3 years ago
Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $7
netineya [11]

Answer:

$367,500

Explanation:

Estimation of the family’s life insurance needs

Using the easy method

Based on the information given we were told that Mark gross salary is $75,000 while is wife

Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.

Insurance need =$75,000 x 7 years x 70%

Insurance need = $367,500

Therefore the family’s life insurance needs will be $367,500

5 0
3 years ago
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