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4 years ago

What is a fixed expense? A. Food B. Utilities C. Clothing. D. Rent

1 answer:

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Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.

D. is the answer
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Bret contracts to work for City Construction Corporation (CCC) during July for $4,500. On June 30,CCC cancels the contract. Bret

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Answer:

c) 500

Explanation:

4500 - 4000 = 500

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3 years ago

Read 2 more answers

He average collection period is computed by dividing

zheka24 [161]

Answer:

B). 365 days by the accounts receivable turnover.

Explanation:

This is said to be the time it takes for a business to receive money owed by its client in its amount receivable(AR).

The average collection period formula is the number of days in a period divided by the receivables turnover ratio. The numerator of the average collection period formula shown at the top of the page is 365 days. For many situations, an annual review of the average collection period is considered.

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4 years ago

A regional supermarket chain runs print, radio, and television advertisements announcing that 1 percent of its sales is donated

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Answer: The correct answer is "Cause-related marketing".

Explanation: This is an example of Cause-related marketing.

Cause-related marketing is a type of corporate social responsibility activity, for which a business promotion campaign has a dual purpose: to increase profitability and improve society.

In this case, the supermarket chain seeks to increase its sales, promoting that 1% of these will be donated to local after-school programs for underprivileged youth.

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3 years ago

Martin Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Martin has received a

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Answer:

Sales price = $8.1

Explanation:

The units sale price should be that that equated the total revenue to the the total relevant cost of the special order

The relevant cost of the special order includes;

1. Variable cost

2. Additional shipping cost

Note the fixed costs are irrelevant for this decision because they would be incurred either way

Variable cost per unit = Total variable cost /Number of unit

= 420,000/70,000 units = $6 per unit

Total variable cost of special order

( 3,000× $6) = $18,000

Shipping cost 6,300

Total relevant costs of special order. 24,300

Minimum Sales price = Total relevant cost /number of units

Sales price = $24,300/3,000 units =$8.1

Sales price = $8.1

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4 years ago

On January 2, 2020, Pearl Company sells production equipment to Fargo Inc. for $52,000. Pearl includes a 2-year assurance warran

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Answer: so when you think about it just know you can do it

Explanation:

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3 years ago