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Leno4ka [110]
3 years ago
9

Pauley Company provides home health care. Pauley charges $35/hour for professional care. Variable costs are $21/hour and fixed c

osts are $78,000. Next year, Pauley expects to charge out 12,000 hours of home health care.
What is the variable cost ratio?
a. 40%
b. 33%
c. 67%
d. 60%
e. 50%
Business
1 answer:
Lyrx [107]3 years ago
8 0

Answer:

the variable cost ratio is 60 % (option d)

Explanation:

The variable cost ratio (VCR) represents the ratio of variable costs to sales. Therefore

VCR = (total variable costs)/(total sales)

since

total variable costs = variable costs * services provided = $21/hour * 12000 hours/year = $252000 /year

total sales = price of service * services provided = $35/hour * 12000 hours/year = $420000 /year

thus

VCR = ($252000 /year) / ($420000 /year) = 0.6 = 60 %

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A(n) _____ is the combination of advertising, personal selling, sales promotion, social media, and public relations that are use
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Answer:

Promotional mix

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The key accounting issue related to bundled (multiple-element) sales transactions is the amount of revenue to be recognized over
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The fundamental principle is that an entity recognizes revenue to reflect the transfer of goods or services committed to customers for an amount that reflects the consideration to which the entity expects to be entitled in exchange for such goods or services.

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3 years ago
Corentine Co. had $154,000 of accounts payable on September 30 and $133,500 on October 31. Total purchases on account during Oct
cupoosta [38]

Answer:

Explanation:

a.                                        Accounts Payable

Payments on account   $303,500 | Beginning balance  $154,000

                                                          | Purchases on account $283,000

                                                          |

                                                          | Ending balance             $133500

b.                                     Accounts Receivable

Beginning balance   $103,500  | Cash receipts on account  $103,890

Sales on account      $91,390  |

                                                    |

Ending balance         $91,000   |

 

c.                                             Cash

Cash receipts           $104,500  |  Cash disbursements  $105,150

Beginning balance   $20,250 |

                                                   |

Ending balance         $19,600  |

8 0
3 years ago
Rayya Co. purchases a machine for $184,800 on January 1, 2019. Straight-line depreciation is taken each year for four years assu
gizmo_the_mogwai [7]

Answer:

Refer explanation

Explanation:

A. Straight-line depreciation is whereby the same amount is depreciated every year throughout the life of the asset. It is calculated as:

(Cost of asset - Salvage Value) / Estimated total number of life years of asset.

The depreciation per year for the machine would be: ($184800 - 0) / 8

= $23,100

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Credit : Accumulated depreciation account : $11550

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(B2) Machine is sold for $77616

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Credit : Machinery Account : $184800

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