Answer:
A) $0.075 variable and $450 fixed
Explanation:
to calculate Kendra's fixed and variable components using the high-low method we can use two separate formulas:
variable costs = (highest utility cost - lowest utility cost) / (highest output - lowest output) = ($1,200 - $600) / (10,000 - 2,000) = $600 / 8,000 = $0.075 per unit
fixed costs = highest cost - (highest output x variable cost) = $1,200 - (10,000 x $0.075) = $1,200 - $750 = $450
Id take buyer 2 offer because hes doubling what your asking for it
Answer:
29.69%
Explanation:
Franklin corporation just paid taxes of $152,000
The taxable income is $512,000
Therefore, the average tax rate can be calculated as follows.
= Amount of taxes paid/amount of taxable income
= $152,000/$512,000
= 0.2969×100
= 29.69%
Hence the average tax rate for Franklin's corporation is 29.69%
Answer:
Benjamin put together a ad hoc committee
Explanation:
Answer:
Estimate merchandise purchases for the third quarter is $2.8 billion
Explanation:
The computation of the merchandise purchases for the third quarter is shown below:
= Ending inventory + Cost of goods sold - Beginning inventory
= $3.5 billion + $2.4 billion - $3.1 billion
= $2.8 billion
We simply apply the cost of goods sold formula which is shown below:
Cost of goods sold = Opening inventory + Purchase - ending inventory