Answer:
Fixed costs are those costs that do not vary with the level of production. While, variable cost are those costs that change with the level of production or per unit consumption.
(a) Repairs to a leaking roof- Fixed cost as it has nothing to do with the level of production.
(b) Cotton- Variable cost as it depends on the number of units produced.
(c) Food for the miller's cafeteria- Variable as it depends on production. The more you produce the more workers you need and thus more is the food requirement.
(d) Night security guard- Fixed cost as it does not change with the number of units produced by the textile mill.
(e) Electricity- Variable cost as it depends on the units of electricity consumed. The more you produce the more electricity will be consumed.
Answer:
<em>Flat </em>
Explanation:
<em>Flats </em>are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is called wings. Flats are made of wood.
Answer: Please refer to Explanation
Explanation:
DR Bonds Payable ............... $ 72,100
DR Premium on Bonds Payable (74,950 - 72,100) ...... $2,850
CR Cash ...................................... $70,100
CR Gain on Discharge of Bonds ($74,950 - $70,100) $4,850
(To record retirement of premium bond before time)
If you need any clarification do comment.
A=p(1+rt)
A=future value
P=present value
R=interest rate
T=time
If you want to find present value
P=A/(1+rt)
If you want to find interest rate
R=[(A/p)-1]divided by t
Finally if you want to find time
T=[(A/p)-1]divided by r
