Answer:
Fixed cost = $1100
Explanation:
given data
Highest bill = $3,800
lowest bills = $2,000
dog washed in May = 600
dog washed in November = 200
to find out
fixed cost associated with the company's water bill
solution
first we get here variable cost that is express as
variable cost = (Highest bill - Lowest bill) ÷ ( Dogs washed may - Dogs washed November ) ...........1
put here value we get
variable cost =
variable cost = $4.5 per dog
so fixed cost will be here as
Fixed cost = Total cost to wash 600 dogs - Variable cost to wash 600 dogs
Fixed cost = $3800 - $4.5 × 600 dogs
Fixed cost = $3800 - $2700
Fixed cost = $1100
Answer:
As soon as a written document leaves your hands, whether electronic or hard copy, it has actually been "published." Anyone may read it, copy it, and distribute it to others. Many business and other writers fail to consider what can happen to their written words. A memo intended for a colleague is seen by the boss, an e-mail gets sent to the wrong person, or a letter to a customer is seen by a competitor. Sensitive messages that could cause trouble for you or your organization should probably not be put into print. Every message should be written with the knowledge that it may travel much farther than originally intended. Nothing can expunge a poorly written memo or an e-mail sent in anger.
Explanation:
hope it helps
Answer:
According to the Interstate Land Sales Full Disclosure Act of 1968, Alex must obtain a public report from HUD and deliver a copy of this report to each prospective purchaser.
Explanation:
The Interstate Land Sales Full Disclosure Act of 1968 was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land. The Act was patterned after the Securities Act of 1933 and required land developers to register subdivisions of non-exempt lots or condominium units. Currently, the responsibility for administering the Act and its regulations is with the Consumer Financial Protection Bureau. A regulated developer is to provide each buyer with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each buyer before the signing of the contract or agreement and gives the buyer a minimum period of 7 days to cancel the purchase agreement.
Answer:
$91,500
Explanation:
Given that cash collection pattern is as follows; month of sale, 75%; month following the month of sale, 20%; and a 2% discount for cash collections in the month of sale, it means that cash estimated for collection in December will include;
- 75% sales in December (net of the 2% discount to be given)
- 20% sales in November
Discount for December cash collection
= 2% * 75% * $100,000
= $1500
Hence, net cash estimated to be collected in December
= 75% * $100,000 + 20% * 90,000 - $1500
= $75,000 + $18,000 - $1500
= $91,500
Answer:
a. Net income in 2014 is $5.00 million; Net income in 2015 is $11.25 million; and Net income in 2016 is $8.75million.
b. The best summary is that under generally accepted accounting principles (GAAP), the cost-to-cost method is a method that is acceptable to be applied to contracts that span more than one accounting period.
Therefore, the cost-to-cost method is employed in calculating the revenue and net income for Frankel Construction for each of the years 2014, 2015 and 2016.
Explanation:
a. Calculate the amount of revenue, expense, and net income for each of the three years 2014 through 2016 using the cost-to-cost method.
Note: See the attached excel file for the calculations.
Cost-to-cost method can be described as a cost and revenue recognition approach in which all costs recorded to date on a project are divided by the total expected costs to be incurred on the project in order to obtain the overall percentage of completion of the project which is employed in estimating revenue and net income.
b. What best summarizes our conclusion about the usefulness of the cost-to-cost method for this company?
The best summary is that under generally accepted accounting principles (GAAP), the cost-to-cost method is a method that is acceptable to be applied to contracts that span more than one accounting period.
In this question, the cost-to-cost method is employed in calculating the revenue and net income for this company for each of the year 2014, 2015 and 2016.