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Vsevolod [243]
4 years ago
5

​zelia, inc. has prepared the operating budget for the first quarter of the year. the company forecast sales of $ 50 comma 000 i

n​ january, $ 60 comma 000 in​ february, and $ 70 comma 000 in march. variable and fixed expenses are as​ follows: variable​ expenses: power cost ​(20​% of​ sales) miscellaneous​ expenses: ​(15​% of​ sales) fixed​ expenses: salaries​ expense: $ 10 comma 000 per month rent​ expense: $ 4 comma 000 per month depreciation​ expense: $ 1 comma 400 per month power​ cos
a. True


b. Falseixed portion: $ 800 per month miscellaneous​ expenses/fixed portion: $ 1 comma 000 per month using the information​ above, calculate the amount of budgeted selling and administrative expenses for the month of february.
Business
1 answer:
slamgirl [31]4 years ago
7 0

Answer:

25

Explanation:

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If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

Explanation:

The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

Interest payment = 8,000 * 6% = 480 dollars

8 0
4 years ago
Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reser
klio [65]

Answer: The correct answer is "a. decrease; decrease; decrease".

Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.

8 0
3 years ago
Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at ea
ollegr [7]

Answer:

In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.

If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.

Explanation:

4 0
3 years ago
An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is
KIM [24]

Answer:

12.5%

Explanation:

We are estimating the probability to be greater than or equal to $337,500

This probability will be

P(X > $337,500) = (high-end estimate - 337500) / (337500 - low-end estimate)

P(X > $337,500) = (350000-337500) / (350000-250000) = 0.125

                           = 0.125*100

                           = <em>12.5%</em>

8 0
4 years ago
On March 3, Mauer Moving buys $7,500 of supplies from General Products. Mauer does not provide any payment at the time of purcha
Sav [38]

Answer:

B : In Mauer’s general ledger, the ending balances for both the Supplies account and the Accounts Payable account will be too low.

Explanation:

Supplies is an asset account, increase from debit and decrease from credit.  In this cae the purchase of supplies increase the balanc but, a mistake is made and is credited thus, decreases.

Account payableis an liability account, increase from credot and decrease from debit .  In this cae the purchase on account  increase the balance but, a mistake is made and is debited thus, decreases.

This makes b statement correct, both are lower than it should

8 0
3 years ago
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