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Afina-wow [57]
4 years ago
15

Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for

the first half of the year: Month Number of Appointments Total Cost January 375 5,050 February 350 5,500 March 200 5,200 April 500 7,000 May 400 5,650 June 300 5,200 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost per Unit" answer to 2 decimal places and "Fixed Cost" answer to the nearest dollar amount.)
Business
1 answer:
Sidana [21]4 years ago
3 0

Answer:

Variable cost per unit= $6.5 per unit

Fixed costs= $3,750

Explanation:

Giving the following information:

Month - Number of Appointments - Total Cost

January: 375 $5,050

February: 350 $5,500

March: 200 $5,200

April: 500 $7,000

May: 400 $5,650

June: 300 $5,200

To calculate the variable and fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (7,000 - 5,050) / (500 - 200)= $6.5 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 7,000 - (6.5*500)= $3,750

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 5,050 - (6.5*200)= $3,750

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3 years ago
On January 1, 2004, Oak Co. issued 400 of its 8%, $1,000 bonds at 97 plus accrued interest. The bonds are dated October 1, 2003
Anastaziya [24]

Answer:

Oak Co.

The amount that Oak should report as bonds payable, net of discount is:

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Explanation:

a) Data and Calculations:

Cash from the issue of 400 bonds = 400 * $1,000 * 97/100 = $388,000

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Date of bonds = October 1, 2003

Accrued interest from October 1, 2003 to January 1, 2004 = $8,000

b) The bonds payable is the face value of the bonds.  It is the amount that will be due for repayment to bondholders on the maturity of the bonds in 10 years' time, precisely on October 1, 2013.

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3 years ago
Michael is in sales meeting with a potential client. The client is interested in the product but is concerned that the product c
GalinKa [24]

Complete Question :

Michael is in sales meeting with a potential client. The client is interested in the

product but is concerned that the product costs 15% more than the competitor's.

How should Michael handle this sales situation?

A.) Offer the client a 20% discount.

B.) Ask the client how much he or she would be willing to pay for the product.

C.) Show the client the better warranty and quality that comes with the slightly

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D.) Say "Thanks for your time" and leave

Answer: C.) Show the client the better warranty and quality that comes with the slightly

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Explanation: The fact that Michael's product costs 15% more than the price of it's competitor doesn't spell the end of the deal. What Michael needs to explain and make clear to the client in the sales meeting are the vague distinctions which exists between what his own product offering and that of it's competitors. Michael needs to let the potential buyers understand and get clearly the additional offers, quality or performance associated with his own product which ultimately accounts for the higher cost of his own product.

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Not being able to pay it off is a big one.
 
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nlexa [21]

Answer:

The force of surface tension supports the metal bin on the surface but when soap solution is added, the surface tension reduces so the metal bin sinks.

Explanation:

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