the correct answer, i believe is d fixed expenses
Answer:
$189,700
Explanation:
The computation of budgeted net income is shown below:-
Calgary Industries
Budgeted Income Statement
(For the year- 2018)
Sales $740,000
Less:- Cost of Goods Sold $296,000
($740,000 × 40%)
Gross income $444,000
Selling Expenses $82,000
General & administrative
Expenses (including $24,000
depreciation $91,000
Profit from Operations $271,000
Less:- Income Tax (30%) $81,300
($271,000 × 30%)
Net income $189,700
Therefore the budgeted net income for 2018 is $189,700
Answer:
total output.
Explanation:
for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.
The average variable cost = $50,000 / 10,000 = $5 per unit of A
The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A
The average total cost = $75,000 / 10,000 = $7.50 per unit of A
Answer:
Failure to maintain proper paperwork evidencing the right to work.
Answer: $7500
Explanation:
The following can be deduced from the question:
Accounts Receivable balance= $100,000
Allowance for Doubtful Accounts = $500
Net credit sales = $150,000.
Percentage-of-sales approach states that the amount of bad debt expense that is recognized by a company will be calculated as a percentage of the credit sales that are generated during the current accounting period.
Using the percentage of credit sales method, the ending balance in the "Allowance for Doubtful Accounts" will be:
= Net credit sales × percentage of credit sales uncollected in the past
= $150,000 × 5%
= $150,000 × 0.05
= $7500