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WINSTONCH [101]
3 years ago
5

Identifying Variable Costs, Committed Fixed Costs, and Discretionary Fixed Costs Required: Classify each of the following costs

for a jeans manufacturing company as a variable cost, committed fixed cost, or discretionary fixed cost. a. The cost of buttons.
Business
1 answer:
cricket20 [7]3 years ago
6 0

Answer: committed fixed cost

Explanation: assuming all the jeans produced need buttons, the cost of these buttons is necessary and therefore a committed cost

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Use the following balance sheet data for the First National Bank to answer the next question. Assets Liabilities Net Worth Reser
DiKsa [7]

Answer:

Reserves & Checkable deposits will equal to $36,000 and $106,000

Explanation:

The amount of checkable deposits is given $120,000 on the liabilities side. So, the withdrawal and clearance of check worth $14,000 will lead to a decline in the number of checkable deposits by $14,000. As a result, the remaining amount of checkable deposits will equal to $106,000 ($120,000 - $14,000).

To maintain the balance on asset & liabilities side of the balance sheet, the asset side will also reduce by $14,000. $14,000 will be deducted from the reserves of the bank. As a result, the remaining amount of reserves is equal to $36,000 ($50,000 - $14,000).

7 0
3 years ago
Stock in CDB Industries has a beta of 1.10. The market risk premium is 7 percent, and T-bills are currently yielding 4 percent.
12345 [234]

Answer:

Cost of equity = 11.7%

Explanation:

<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.</em>

Under CAPM, Ke= Rf + β(Rm-Rf)  

Rf-risk-free rate,-4%,  β= Beta-1.10, (Rm-Rf) = 7% ,Ke = cost of equity

Using this model,  

Ke=4% + 1.10×7%

= 11.7 %

Cost of equity = 11.7%

3 0
3 years ago
Matching is:
kvasek [131]

Answer:

2. A result of recognizing revenues and expenses that arise from the same transaction.

Explanation:

Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.

It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.

Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.

3 0
3 years ago
A static budget:____.
Talja [164]

A static budget is<u> based on a range of activities</u>.

<h3>What is static budget?</h3>
  • An example of a budget that includes predicted values for inputs and outputs that are thought of before the period in question begins is a static budget.
  • Even with changes in sales and production quantities, a static budget, which is a projection of revenues and expenses for a given period, stays the same.
  • The figures from static budgets can, however, be very different from the real results as compared to those that are discovered after the fact.
  • Accountants, finance experts, and management teams of businesses utilize static budgets to assess the financial success of a company over time.
  • The static budget is meant to be constant throughout the time period, independent of changes that might have an impact on results.

To learn more static budget about with the given link

brainly.com/question/27426308

#SPJ4

7 0
2 years ago
Which is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-id
Eva8 [605]

First-Look Analysis for Hospital Outlier Monitoring (FATHOM) is a hospital payment monitoring program that contains hospital-specific administrative claims data for a number of CMS-identified problem areas to compare their performance with that of other hospitals.

A Microsoft Access program called FATHOM: First-Look Analysis Tool for Hospital Outlier Monitoring enables CMS to give each State hospital-specific Medicare claims data statistics that show regions with a high payment mistake rate. These target area data act as proxies for payment mistake rates.

An observation that differs greatly from the other data in its set is considered an outlier. To find these entries, an auditor will use a variety of methods, procedures, and tools. Data mining is one such tool that the auditor might use to evaluate information.

Learn more about FATHOM here brainly.com/question/992297

#SPJ4

8 0
2 years ago
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