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Maurinko [17]
3 years ago
7

Kendra's Corp. total utility costs during the past year were $1,200 during its highest month and $600 during its lowest month. T

hese costs corresponded with 10,000 units of production during the high month and 2,000 units during the low month. What are the fixed and variable components of its utility costs using the high-low method?: a. $0.075 variable and $450 fixed b. $0.12 variable and $0 fixed c. $0.30 variable and $O fixed d. $0.06 variable and $600 fixed
Business
1 answer:
ivann1987 [24]3 years ago
5 0

Answer:

A) $0.075 variable and $450 fixed

Explanation:

to calculate Kendra's fixed and variable components using the high-low method we can use two separate formulas:

variable costs = (highest utility cost - lowest utility cost) / (highest output - lowest output) = ($1,200 - $600) / (10,000 - 2,000) = $600 / 8,000 = $0.075 per unit

fixed costs = highest cost - (highest output x variable cost)  = $1,200 - (10,000 x $0.075)  = $1,200 - $750 = $450

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Portions of the financial statements for Peach Computer are provided below.
mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0
3 years ago
Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2018, for $13,000 cash. Hitzu
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Answer:

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6 0
3 years ago
Read 2 more answers
Prompt
Savatey [412]
Is this argumentative ? are you supposed to be talking her into donating ? you could say that there’s proof that they do donate the money and use self worth and helping others and the good feeling you get from that to get her to donate
7 0
3 years ago
Malone Imports stock should return 12 percent in a boom, 10 percent in a normal economy, and 2 percent in a recession. The proba
Rufina [12.5K]

Answer:

6.11%

Explanation:

For computing the variance, first we have to determine the expected return which is shown below:

= (Expected return of the boom × weightage of boom) + (expected return of the normal economy × weightage of normal economy)  + (expected return of the recession × weightage of recession)

= (12% × 5%) + (10% × 85%)  + (2% × 10%)  

= 0.6% + 8.5% + 0.2%

= 9.30%

Now the variance would equal to the

= Weightage × (Return - Expected Return) ^2

For boom:

= 5% × (12% - 9.3%) ^2

= 0.3645

For normal economy:

= 85% × (10% - 9.3%) ^2

= 0.4165

For recession:

= 10% × (2% - 9.3%) ^2

= 5.329

So, the total variance would be

= 0.3645 + 0.4165 + 5.329

= 6.11%

4 0
3 years ago
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?
Nonamiya [84]

Answer:

B) a local cable company

Explanation:

A local cable company provides communication services using underground cables. Service offed by a cable company includes televisions, internet connectivity, and telephone services. Such a company needs communication equipment to facilitate signal and message transmission.

Damien repairs communication equipment. He probably works for a local cable company.

7 0
2 years ago
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