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stepan [7]
3 years ago
7

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in Au

gust. The company’s flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,600 Revenue ($4.10q) $ 31,160 Expenses: Packing supplies ($0.40q) 3,040 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,400 $0.45q) 5,820 Shipping ($0.70q) 5,320 Utilities ($1,250) 1,250 Other ($410 $0.01q) 486 Total expense 18,916 Net operating income $ 12,244 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27,400 Expenses: Packing supplies 3,210 Oyster bed maintenance 2,860 Wages and salaries 6,230 Shipping 5,050 Utilities 1,060 Other 1,106 Total expense 19,516 Net operating income $ 7,884 Required: Calculate the company’s revenue and spending variances for August
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

B

Explanation:

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Mika has borrowed $5,000 from her cousin Jun and not repaid it. Now, Mika is selling her house to Jun’s nephew, Cheong. As Mika
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Jun's pressure and influence has invalidated Mika's consent.

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By threatening Mika with prosecution if she doesn't set a discount for the sale of her house on the grounds of her debt to her, she has influenced Jun's consent or rather coerced it and therefore Mika's consent is invalidated in the agreement. Consent is free under law if contract and should be given under undue influence, duress or any other vitiating factor that will render the contract null and void such as the example above

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4 years ago
The basic competencies of selling that are required of top professional salespeople include selling skills and _________.a. Acco
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The correct answer is (d)

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3 years ago
Marigold Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 4000
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8 0
3 years ago
On an average day, Campus Cafe receives $26,482 in checks from customers. These checks clear the bank in an average of 1.3 days.
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The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

<h3>What is a Collection Float?</h3>

Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:

  • Concerning the Shares
  • Concerning the Bank Deposits    

Given,

Average Daily Receipt = $26,482

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Calculation,  

Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.

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Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

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