Answer:
$1,580
Explanation:
Data provided in the question
Bank statement balance = $4,230
Outstanding checks = $3,880
Deposit in transit = $1,230
NSF check = $300
Service fee = $50
So by considering the above information, the correct balance of cash is
= Bank statement balance + deposit in transit - outstanding checks
= $4,230 + $1,230 - $3,880
= $1,580
Answer:
Value-Added.
Explanation:
A value-added perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer. A value-added perspective on quality is a strategic business approach in which businesses engage in activities that brings value, benefits or satisfaction to the consumer of its goods and services, to achieve this goal, business managers usually ensures that the manufacturing and distribution process or steps are effective and efficient.
Answer:
Explanation:
From the information given:
So, Income elasticity =
= 1.45 which is greater than 1
It is positive → i.e. Normal good
The cross elasticity =
= 0.0049 which is greater than 0
It is positive → hence they are substituents.
Answer:
1) Colt Carriage Company
Income Statement
For the month ended April 202x
Revenues:
- Adults passengers $186,300
- Children $81,000
- Total revenues $267,300
Variable costs:
- City fees $26,730
- Souvenirs $7,425
- Brokerage fees $11,340
- Carriage drivers $52,650
- Total variable costs <u>$98,145</u>
Contribution margin $169,155
Period costs:
- Depreciation $2,900
- Horse leases $48,000
- Marketing expenses $7,350
- Payroll expenses $7,600
- Total period costs <u>$65,850</u>
Operating profit $103,305
2) If the total amount of passengers increase by 10%, then all variable costs will increase by 10% except brokerage fees which would increase only by 6%. Revenues should also increase by 10%. Period costs should not change.
Contribution margin should increase by 10.29% and operating profit would increase by 16.81%.
Explanation:
since the information is not complete, I looked it up:
Revenues
13,500 passengers:
8,100 x $23 = $186,300
5,400 x $15 = $81,000
total $267,300
variable costs:
fees paid to the city 10% of total revenue
souvenirs $0.55 per passenger
brokerage fees 60% of total tickets x $1.40
carriage drivers $3.90 per passenger
fixed costs:
depreciation $2,900
horse leases $48,000
marketing expenses $7,350
payroll expenses $7,600
Answer: C: The cost of rice at a market rises by 20 percent over three years.
Explanation:
inflation is a measure of the rate of rising prices of goods and services in an economy.