Answer:
$7,816.9943
Explanation:
Using the high-low method;variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)
= $16,700 - $15,850 / 951 - 860
= $850 / 91
= $9.340659340659341
= $9.3407
Hence, total fixed cost = $16,700 - ($9.3407*951) = $16,700 - $8,883.0057 = $7,816.9943
Since no choices are presented, I'll just list down the parts of a cover letter.
A cover letter is a one page document that is attached to a resume. It has 5 parts.
1) The Salutation : Dear Hiring Manager,
2) The Grab - Opening Paragraph - introduction about yourself and your immediate qualification on the position you are applying
3) The Hook - Second Paragraph - examples of work performed and its results
4) Paragraph of Knowledge - Third Paragraph - knowledge you have about the company and its needs in connection with your application.
5) The Close - Fourth Paragraph - quick summary of what you are offering and how they can contact you.
The answer is $48.
The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. $48 is the opportunity cost, assuming the seller sells internally
It is calculated as follows:
Opportunity cost= Production cost- Outlay cost
= 60-12
=$48
Opportunity costs represent the potential benefits which any individual or investor, or any business misses out on when choosing one alternative over another.
Because the opportunity costs are generally unseen by definition, they can be easily overlooked. Understanding of the potential missed opportunities when any business or any individual chooses one investment over another investment allows for better decision making.
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Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
Dr. Beswick was writing questions for a test, but found herself listening to reggae music coming from an adjoining office, and thinking about her upcoming trip to the Caribbean. She is experiencing <u>attentional deficit</u>.
<u>Explanation</u>:
Attention deficit disorder (ADD) is a kind of neurological disorder that causes difficulty in concentration, lacking attention and facing many problems in completing tasks and social interaction.
Brain injury, genes and exposure to environment toxins are some of the causes of the attention deficit disorder.
In the above scenario, Dr. Beswick was attending a test. She was distracted by the reggae music that was coming from the adjoining office. After listening to the music she started thinking about her upcoming trip to Caribbean. Dr. Beswick was affected by attentional deficit disorder.
