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2 years ago

Greg needed to earn some money to help pay for

Business

1 answer:

son4ous [18]2 years ago

5 0

It would depend on which Greg you are referring to.

<span>If it’s Greg from Cabin Fever, he needed more money to buy gifts.</span>

If it Greg from the Diary of a Wimpy Kid, he needed more money to buy food, more specifically cookies.

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Strait Co. manufactures office furniture. During the most productive month of the year, 3,300 desks were manufactured at a total

Elza [17]

Answer:

Using the high-low method of cost estimation, total fixed costs are $47,020

Explanation:

Cost at highest level of activity = $82,000.00

Cost at Lowest level of activity = $59,000.00

Highest level of activity = 3,300

Lowest Level of activity = 1,130

Variable cost per unit = $(82,000 - 59,000) ÷ (3,300 -1,130)

Variable cost per unit = $23,000 ÷ 2,170

Variable cost per unit = $10.60

Fixed Costs = $82,000 - (3,300 × 10.60)

Fixed Costs = $47,020

6 0

2 years ago

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of:_____

OlgaM077 [116]

The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.

According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.

#SPJ4

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10 months ago

Kenneth wants to start a new business. To get start-up capital, he takes a short-term loan from a bank. The bank agrees to provi

Scilla [17]

Option D

Revolving credit agreement short-term financing sources Kenneth utilizes to fund his business in the given scenario

<h3><u>Explanation:</u></h3>

Revolving credit means is a line of credit that is established among a bank and a business. It has an organized peak amount, where the firm has a way to the funds at any time when demanded. It is required for companies that may seldom hold low cash surpluses to continue their networking capital demands.

Because of this, it is frequently regarded as a kind of short-term funding that is normally paid off suddenly. To begin the loan, a bank may impose a commitment fee. This remunerates the bank for holding an open way to a potential loan, where interest fees are only initiated when the revolver is carried.

6 0

2 years ago

A group of processes that seeks to combine the characteristics and advantages of more than one of the classic processes is known

olga55 [171]

Answer:

B. Hybrid manufacturing process

Explanation:

A group of processes that seeks to combine the characteristics and advantages of more than one of the classic processes is known as a <u>Hybrid manufacturing process</u>. In a hybrid manufacturing process, two types of processes are being combined in a single machine. The combined process consists of the features of the both of the processes being performed simultaneously.

5 0

2 years ago

Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. John

tia_tia [17]

Answer:

Addition to operating income by sepcial order is $22,500

Explanation:

As the fixed cost is covered by other production. It is not been accounted for in this order. It is an avoidable cost regarding this project.

Special order 15,000 pairs

Sale receipt = 15,000 pairs x $7.50 = $112,500

Variable cost = 15,000 pairs x $5 = $75,000

Gross Income = $112,500 - $75,000 = $37,500

Variable Selling Expense = 15,000 pairs x $1

Variable Selling Expense = $15,000

Operating Income = Gross Income - Variabe selling price

Operating Income = $37,500 - $15,000

Operating Income = $22,500

3 0

2 years ago