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tatuchka [14]
3 years ago
15

For example, administrative expenses should be $3,700 per month plus $41 per course plus $7 per student. The company’s sales sho

uld average $860 per student. The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September appear below: Actual Revenue $ 51,280 Instructor wages $ 11,160 Classroom supplies $ 17,490 Utilities $ 1,900 Campus rent $ 4,900 Insurance $ 2,440 Administrative expenses $ 3,731 Required: 1. Prepare the company’s planning budget for September. 2. Prepare the company’s flexible budget for September. 3. Calculate the revenue and spending variances for September.
Business
1 answer:
JulijaS [17]3 years ago
7 0

You have to put all together, divide and multiply

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If sales volume increases and all other factors remain constant, then the:______.
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If sales volume increases and all other factors remain constant, then the Margin of safety will increase

Explanation:

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One of the main ways to increase the safety margin is through increasing the gross value per unit (if business conditions are favourable) and by reducing the variable cost per unit of the good. This can be accomplished by rising selling costs.

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3 years ago
The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares
lidiya [134]

Answer:

$12,000 and $6,000

Explanation:

For computing the dividend, first we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate  × number of years

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= $12,000

Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders

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3 years ago
arren has a loan with an effective interest rate of 5 percent per annum. He makes payments at the end of each year for 10 years.
Bond [772]

Answer:

interest portion of fifth payment = $66.89 ≈ $67

Explanation:

effective interest rate = 5% yearly

first payment = $200

second payment = $210

third payment = $220

fourth payment = $230

fifth payment = $240

sixth payment = $250

seventh payment = $260

eighth payment = $270

ninth payment = $280

tenth = $290

using a financial calculator, I determined the present value (principal) of the loan = $1,860.87

then I prepared an amortization schedule:

interest portion of fifth payment = $66.89 ≈ $67

Download pdf
6 0
3 years ago
Sometimes people make their career in academia. Which of the following is an example of such a career?
Zielflug [23.3K]

Answer:

The answer would be (B) but their is still a chance that it is C or D

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Because the auditors of XYX Company accepted a client firm’s questionable financial statements when the infractions have occurre
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