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Leno4ka [110]
4 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]4 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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6 0
3 years ago
D.v.g. (a minor) was injured in a one-car auto accident in hoover, alabama. the vehicle was covered by an insurance policy issue
diamong [38]

Answer:

Yes, the court ruled in favor of D.V.G.'s mother, because of the principle that contracts entered by minors are not void, but voidable, and that they do have an effect on the parties, but if voided, they cannot be enforced.

In this case, the minor died before the contract was ratified by the court, but the minor hadn't voided the contract, so it was still good at the moment of his death. The minor had the chance of either approving or rejecting the contract while still living, and decided not to revoke it.

Explanation:

NATIONWIDE MUTUAL INSURANCE COMPANY and State Farm Mutual Automobile Insurance Company v. Barbara Walker WOOD, as administratrix of the estate of D.V.G., a minor, deceased, and K.C.T., a minor, by and through Earnest T., his father and next friend.  1111486. Decided: February 22, 2013

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The final ruling was:

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6 0
3 years ago
Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s
Marta_Voda [28]

Answer:

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Calculation to determine the amount and character of his gain

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Let plug in the formula

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Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

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Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0
3 years ago
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madam [21]

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