Answer:
Using High and Low Method
Cost Miles
$
High 1,250 4,000
Low <u>(970) </u> <u>(3,000)</u>
<u> 280 </u> <u>1,000</u>
Variable cost per mile = $2,800/1,000
=$0.28 per mile
Explanation:
In this question, there is need to obtain the difference with the highest cost and lowest cost. We also need to calculate the difference between the highest miles and lowest miles. Finally, we will divide the difference in cost by the difference in miles in order to determine the variable cost per mile.
Answer:
Expenditures $300,000; Supplies inventory $150,000.
Explanation:
The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.
After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.
Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.
<span>The goal of giving the debtor a fresh start is accomplished through</span><span> releasing debtors from personal liability for specific debts and protecting them from collection efforts.</span>
Answer:
d) negative cash flow appearing in red font.
Explanation:
Colour coding is a type of excel formatting for financial modelling.
Color coding allows anyone to immediately pick up your model and know what can be changed (assumptions) and what should not be altered (formulas).
Example:
negative cash flow (Cash outflow) of the company appears in red font while positive cash flow (Cash inflow) of the company appears in green font.
Answer: . two-stage area
Explanation:
In two-stage specimen sampling, a simple random sample of specimen is selected and then a simple random sample is selected from the units in each sampled specimen. Two-stage sampling is used when the sizes of the specimens are large, making it difficult or expensive to observe all the units inside them.
