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Vinvika [58]
3 years ago
10

Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and b

enefits $120,000 $- Parts manager’s salary and benefits - 45,000 Office employee’s salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 The materials loading charge is 65% and the labor charge per hour is $47. Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. The total cost of the repairs is
Business
1 answer:
liraira [26]3 years ago
4 0

Answer:

Explanation:

Total cost of repairs:

Material = 3,500

Material loading charge = 3,500 * 65% = 2,275

Labor (45hrs* $47per hr) = 2,115

Thus, total cost =(3500 + 2275 + 2115) = $7,890

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The following items would be classified as operating activities on the statement of cash flows:
nekit [7.7K]

Answer:

The correct answer is letter "D": Delivering or producing goods for sale, services, and cash effects of transactions.

Explanation:

Operating Activities are the regular income-generating activities of a business unit. They relate to business operations such as sales and manufacturing in a corporation and they generate much of the cash flow that determines if the business is profitable.

<em>Purchasing materials from suppliers, paying the delivery of those materials, arranging transportation from those warehouses, paying employees, managers, taxes, and rent are examples of operating activities. Other cash income proceeding from lawsuits, refunds, or sales transactions are also considered operating activities.  </em>

Operating activities along with the company's investing and financing activities are included in the Statements of Cash Flows.

4 0
4 years ago
Problem 1 16 points Total Prepare the Budgets given the following information Budgeted sales are expected to be: January 200 Uni
klemol [59]

Answer:

<u>Sales Budget for January, February and March</u>

                                                    January      February      March

Budgeted Sales Units                    200             300            400

Budgeted Selling Price                   $10              $10             $10

Budgeted Sales Revenue           $2,000        $3,000      $4,000

<u>Production Budget for January, February and March.</u>

                                                    January      February      March

Budgeted Sales Units                    200             300            400

Budgeted Production Units           200             300            400

Explanation:

Sales Budget

This is the first budget that a company prepares from which all other budgets are created.

Production Budget

Since there are no closing or opening inventory targets, Budgeted Sales units equal budgeted production units.

3 0
4 years ago
Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $1,500 for gasoline on t
Pie

Answer:

A.$2,250

B.$1,152

Explanation:

A.

$1500 + 3000*[3000/12000]

$1,500 + $750

= $2,250

B.

{[820/12000]*3000} + {[820/1300]*1500}

=$205 +$946

=$1,152

6 0
3 years ago
in the period after the first world war, the british economist john maynard keynes argued that quizlet
Firdavs [7]

Governments should increase spending in response to economic downturns.

First World War
World War I
, also known as the First World War and frequently abbreviated as WWI or WW1, was a significant global battle that lasted from July 28, 1914, to November 11, 1918. It was known as the "Great War" by its contemporaneous participants, who comprised most of Europe, the Russian Empire, the United States, and the Ottoman Empire. Battles were fought throughout Europe, the Middle East, Africa, and some regions of Asia. It was one of the bloodiest wars in history thanks to new technology, including the recent creation of the airplane, trench warfare, and particularly chemical weapons. An estimated 9 million soldiers perished in battle, and an additional 5 million civilians perished through famine, sickness, and military activity. 

To learn more about First World War
brainly.com/question/8535233
#SPJ4

6 0
1 year ago
Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receiv
blagie [28]

Answer:

8.2 times

Explanation:

The first step is to calculate the average receivable

= $114,000+$152,000/2

= $266,000/2

= $133,000

Therefore the accounts receivables turn over can be calculated as follows

= net sales / average receivable

= $1,090,000/$133,000

= 8.2 times

Hence the account receivable turnover is 8.2 times

7 0
3 years ago
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