Answer:
target fixed costs is $ 420000
Explanation:
Given data
sells 2,000
sales price of $470 per unit.
product cost at $720,000
variable costs are $300,000
to find out
target fixed costs
solution
we know here product cost and variable cost
so target fixed costs is product cost - variable costs
so we put all these value to find out target fixed cost
target fixed costs = product cost - variable costs
target fixed costs = 720000 - 300000
target fixed costs is $ 420000
Answer:
Cash obtained From Bank $588,100
Explanation:
Lets Solve it By Cash Flow Method To find out Amount of Debt Acquired During the Year.
Cash Inflows
Sales 2393000
Out Flow
Cost of Goods Sold (1432000) Assuming total purchases were made during the year
Depreciation - Non-Cash Item
Admin Expense (435700) Cash Expense
Selling Expense (490700) Cash Expense
Interest Expense (215700)
Net Inflow/(Outflow) (181700) Net outflow
Dividend Paid (407000)
Total Cash obtain form the bank (588100) i.e 181700+407000
To make the payments.
Assuming that there were no cash at start of the year.
Answer: have control over
Explanation:
Responsibility accounting is a system of accounting whereby responsibility centers are identified and the performance reports of such responsibility centers are prepared and analysed.
Responsibility accounting has to.do with the internal accounting for the responsibility center that the company has and their budgeting.
In responsibility accounting, unit managers are evaluated only on things that they can control or have control over.
Home heating oil is considered inelastic demand instead of elastic demand. Inelastic demand is when people will buy the same amount whether the price of the good drops or rises. People who buy home heating oil want their homes to be kept heated and warm, since they are buying it to serve a purpose like this, whether the price rises or drops they still will need it. Since they will need it regardless of price, they will continue to buy it and therefor it is inelastic.
