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baherus [9]
4 years ago
11

Utility cost is a mixed cost with both fixed and variable components. using the highlow method, the cost formula for utility cos

t is:
Business
1 answer:
777dan777 [17]4 years ago
7 0
Based on the question, a table was found to supplement the needed data.

Problem: Found the utility cost

Given: 
Based on the given table             Units           Utility Cost

High-Level Activity                      $8,000         $8,000            
Low-level Activity                        $5000          $1,500

Mathematical Operation: multiplication, addition, subtraction and division

Solution:  Variable cost per unit (VSU), Change in Cost (CC), Cost in Activity (CA),  Fixed Cost  (FC), Variable Cost Element (VCE), Total Cost (TC) High-Level Activity Unit (HLAU)

VCU=  CC÷ CA
        = $1,500 ÷ 3,000 units
        = $0.50 per unit
Fixed cost = TC- (VCE [VCUx HLAU])
                  =  $8,000 - ($0.50 per unit × 8,000 units)
                  = $8,000 - $4,000
<span>                  = $4,000
</span>
The Choices are:
A.Y = $1.00 X
B.Y = $1.25 X
C.Y = $4,000 + $0.50 X
D.Y = $1,500 + $1.25 X

The answer is A.
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Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide
just olya [345]

Answer:

                               Skysong Corporation

                       Statement of Retained Earnings

Retained earnings balance January 1, 2020               $691,300

Add:

Adjustments to 2019 Income Statement                       $88,390

Net profits 2020                                                          $1,552,100

Less:

<u>Dividends declared and distributed                            ($82,000) </u>

Retained earnings balance December 31, 2020      $2,249,790

Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.

4 0
4 years ago
Suppose you like to make, from scratch, pies filed with banana cream and vanila pudding. You notice thai the ce of bananas has i
Mumz [18]

Answer:

A. Decrease

Explanation:

In this case, Banana cream and Vanilla pudding are complementary goods which means that they are products used together. Complementary goods are goods with negative cross elasticity of demand. This means than an increase in the price of one good will lead to a decrease in the demand for the other good and a decrease in price for one good will lead to an increase in demand for the other good.

Here, the prices of bananas increased, as a result the demand for vanilla pudding decreases because they are goods with negative cross elasticity of demand.

5 0
3 years ago
A certain bank assigns a unique number to each savings account. the amount of savings in each account depends on how much the ow
lianna [129]
Based on the scenario,
I think the relations that is not a function is :
B. (interest paid, amount in saving account)
The last two options are definitely a function

Hope this helps
7 0
3 years ago
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending bal
lakkis [162]

Answer:

The Return on total assets is 7.3%. The right answer is c

Explanation:

In order to calculate the the return on total assets we would have to calculate the following formula:

Return on total assets = Earnings before interest and taxes / Average total assets

Earnings before interest and taxes=Net income + Interest expense

Net income=$21,643

Interest expense=$4,450

Average total assets =$359,218

Return on total assets= ($21,643 + $4,450) / $359,218

Return on total assets=0.0726=7.3%

The Return on total assets is 7.3%

6 0
4 years ago
What is the​ government's policy on collusion in the United​ States? Explain the rationale for this policy. In the United States
STatiana [176]

Answer:

The correct answer is letter "E": the government makes collusion illegal with antitrust laws because monopolies reduce economic efficiency.

Explanation:

Antitrust laws regulate competition between companies. To protect consumers from price manipulation and unfair competition by making sure trade remains unrestrained. When businesses conspire to turn competition to their favor, they violate antitrust laws.

Those regulations prohibit business practices such us <em>monopolies </em>since those types of organizations take control over a certain market, making almost impossible the entry of competitors and consumers have fewer choices and higher prices.

4 0
3 years ago
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