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3 years ago

Which of the following statement is TRUE about variable expenses?

Business

1 answer:

german3 years ago

6 0

Answer:

B. The amount you spend on variable expenses changes from month to month.

Explanation:

A variable expense is an expense which is bond to fall or rise in its totality given the status of factors such as; a change in the total sales, change in the ammount of supply or production.

Hense, this ammount is bond to change from time to time.

Some examples of variable expenses include; Labor, expense of raw materials, e.t.c

The expenses which are fixed are known as fixed expenses, they do not change. Some examples are; Insurance, rent and such like expenses.

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The answer is A.) true

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3 years ago

As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

Artemon [7]

Answer: Sharing information across the organisation

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

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3 years ago

Dyson cordless vacuum cleaners offer heavy-duty performance for cleaning all floor types. The Dyson is also very lightweight and

pav-90 [236]

Because the Dyson provides the user with really clean floors and carpets, the Dyson is an example of utilitarian value

<h3>What is a Utilitarian Value?</h3>

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2 years ago

Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and

umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income

Abby's Budget Line : 5I + 8N = 80
Bobbi's Budget Line : 5I + 8N = 60
Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]

Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

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3 years ago

You are given the following information for O'Hara Marine Co.: sales = $75,500; costs = $35,200; addition to retained earnings =

pshichka [43]

Answer:

O'Hara Marine Co.

Depreciation Expense is:

$13,903

Explanation:

a) Data and Calculations:

sales = $75,500;

costs = $35,200;

addition to retained earnings = $9,580;

dividends paid = $8,420;

interest expense = $2,620;

tax rate = 23 percent

Net Income:

addition to retained earnings = $9,580;

dividends paid = $8,420

Total net income = $18,000

Pre-tax Income = $18,000/0.77 = $23,377

Income tax (23%) of $23,377 = $5,377

After Tax Income = $18,000 ($23,377 - 5,377)

Depreciation:

sales = $75,500

costs = $35,200

Gross profit = $40,300

Less interest (2,620)

Less net income (23,777)

Depreciation = $13,903

6 0

3 years ago