All categories

3 years ago

Which of Ahmad’s expenses will most likely be ranked as variable expenses? Check all that apply.

Business

1 answer:

stepan [7]3 years ago

6 0

Answer:

The correct answers would be options B, C, E and F.

Explanation:

Variable expenses are the expenses that change with the increase or decrease of the use of product or service. Variable expenses are usually unpredictable.

In the given question, the discretionary spending, groceries, electricity bill and water bill are variable expenses, as they will increase or decrease with the use of them. For example, the more electricity you consume, the more bill you get and vice versa. Similarly, the more items you purchase in the grocery, the more you will have to pay and vice versa.

You might be interested in

Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial s

Anettt [7]

Answer:

The calculations are shown below:

Explanation:

The computation is shown below:

As we know that

Inventory turnover ratio is

= Cost of goods sold ÷ Average inventory

For year 2015, it is

= $1,270 ÷ $210

= 6.05 times

For year 2014, it is

= $1,560 ÷ $220

= 7.09 times

For year 2013, it is

= $2,000 ÷ $380

= 7.14 times

1-b Average days to sell inventory is computed by considering the

= Total number of days in a year ÷ inventory turnover ratio

For year 2015, it is

= 365 ÷ 6.05

= 60.33 days

For year 2014, it is

= 365 ÷ 7.09

= 51.48 days

For year 2013, it is

= 365 ÷ 7.14

= 51.12 days

2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015

7 0

3 years ago

Jack and Jill are married and have no dependent children. They are both over 65 and Jill is blind. Their gross income is $45,000

yan [13]

Answer:

They are exempt from paying tax

Explanation:

Taxable income is the amount of an individual's gross income that the government deems subject to taxes.

However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.

8 0

3 years ago

Breezy Company is considering the replacement of equipment that has a current book value of $340,000. Breezy has an oppprtunity

Rzqust [24]

Answer:

$340,000

Explanation:

A sunk cost is a cost that has already been incurred and cannot be affected by any decision that someone makes. E.g. once you pay an expense like rent, the cost will not be recovered or altered by any decision that you make. Sunk costs is simply money that has been spent and cannot be recovered.

7 0

3 years ago

Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate t

Neko [114]

1.34 over 3.86 xxxxxxxxxxxxxxxxxx

5 0

3 years ago

Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca

max2010maxim [7]

Answer: Balance of Trade

Explanation:

Balance of trade is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a trade surplus. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a trade deficit.

In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

7 0

3 years ago