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Ksivusya [100]
3 years ago
13

Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed

costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of fixed costs for 20,000 units would be:
A. $165,000B. $150,000C. $117,272D. $181,500E. $141,900
Business
1 answer:
Hunter-Best [27]3 years ago
4 0

Answer:

correct answer is option B

I.E $150,000

Explanation:

GIVEN DETAILS:

Variable cost $99,000

Fixed cost $30,000

Operating income $36,000

Total sales for 22,000 units = Variable cost + Fixed cost + Operating income

total cost  = $99,000 + $30,000 + $36,000 = $165,000

Selling price of per unit = $165,000 / 22,000 = $7.5

Budgeted amount for  20,000 units = $7.5 x 20,000 = $150,000

so correct answer is option B

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Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
JulijaS [17]

Answer:

$10,410

Explanation:

Working capital is the difference between a company's current or short term assets and its current liabilities or short term obligations. It gives an insight as to how liquid an organization is.

Working capital = Current assets - current liabilities

= $82,530 - $72,120

= $10,410

Astin's Company's working capital is $10,410

8 0
3 years ago
Why should people who are moving in together consider creating a roommate agreement?
jonny [76]

Answer:

The correct answer is letter "B": It formalizes the logistics agreed upon by the roommates in the case of a dispute.  

Explanation:

Roommate relationships might not always be harmonious. In most cases, people have roommates with the only purpose of sharing rent expenses. Aside from that, they are unlikely to have another bond. Thus, some conflicts could arise as a result of dealing with strangers.

To avoid major inconveniences, a roommate agreement should be signed among the individuals sharing the apartment so in the document, they formally establish the responsibilities and limits they have by sharing the same department and, in front of problems, the document will make it easier to determine who could be at fault.

4 0
3 years ago
Chica, a women's clothing store, held a "prize drawing" for a $500 shopping spree on saturday that it had advertised throughout
d1i1m1o1n [39]
I think she did because she know the prize is $500.00.
3 0
3 years ago
Sheffield Corp. has equipment with a carrying amount of $2500000. The expected future net cash flows from the equipment are $254
ololo11 [35]

Answer:

No impairment loss would be reported

Explanation:

The computation is shown below;

Impairment loss = carrying value - recoverable amount

Where,

The recoverable amount would be the higher amount of fair market value and value in use

So the recoverable amount would be $2,545,000

Now the impairment loss is

= $2,500,000 - $2,545,000

= -$45,000

Since the impairment loss comes in negative so no impairment would be recorded

7 0
2 years ago
Angela wants to calculate her take-home pay. She earns $1,377 monthly. She pays federal tax of $200, state tax of $41.31, and 7.
mario62 [17]
Angela wants to calculate her take-home pay. She earns $1,377 monthly.
She pays federal tax of $200
state tax of $41.31,
and 7.65% in FICA tax.
Let's solve for Angela's monthly net pay.
=> 1 377 dollars * 0.0765 = 105.34 dollars is the FICA tax
=> 1 377 - (105.34 + 200 + 41.31) 
=>  1377 - 346.65 = 1030.35 dollars is her monthly net pay,
3 0
3 years ago
Read 2 more answers
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