Answer:
Q. Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?
February 2018 $90,000, March 2018 92,000, April 2018 101,000, May 2018 98,000, June 2018 99,500.
Answer) $440,775
Explanation:
Cash payments to be made in 2018 for the purchases given in question are:
Feb 2018 Mar 2018 Apr 2018 May 2018 June 2018
Cash Payments
65% of $90,000 58,500
30% of $90,000 27,000
5% of $90,000 4,500
65% of $92,000 59,800
30% of $92,000 27,600
5% of $92,000 4,600
65% of $101,000 65,650
30% of $101,000 30,300
5% of $101,000 5,050
65% of $98,000 63,700
30% of $98,000 29,400
65% of $99,500 64,675
Total $58,500 $86,800 $97,750 $98,600 $99,125
Total payments in 2018=$440,775
(58,500+86,800+97,750+98,600+99,125)
Answer:
<h2><u>
Credit Card Statements</u></h2><h2><u>
Tax Returns </u></h2><h2><u>
Bank Statements</u></h2>
Explanation:
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Answer:
obstacle course
Explanation:
An obstacle course helps your mind to focus on your project or activities and gets your thought process going.
Answer:
D. $33.47
Explanation:
The computation of overhead cost per skateboard using an activity-based costing system is shown below:-
Total Expected Activity
Activity pool cost Overheads Activity Rate
Setup cost $6,550 665 9.85
Engineering cost $16,000 1,120 14.29
maintenance cost $91,450 4,353 21.01
Activity pool cost Rate Driver Overhead cost
Setup cost 9.85 320 3,152
Engineering cost 14.29 630 9,002.7
maintenance cost 21.01 2,178 45,759.78
Total Overheads cost 57,914.48
Number of units 1,730
Overhead cost per unit $33.48
Therefore for computing the overhead cost per unit we simply divide the total overhead cost by number of units.