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Oliga [24]
3 years ago
8

Cost Behavior Prepare income statement in two formats Farnsworth Drycleaners has capacity to clean up to 7,500 garments per mont

h. The following operating data is available for Farnsworth. Amount charged per garment for dry cleaning $10.00 Variable cost per garment $0.70 Fixed costs per month $14,400. Requirements: 1- Using the traditional format, prepare Farnsworth’s projected income statement for July assuming 4,260 garments are cleaned during the month. a. Check your spelling carefully and do not abbreviate. b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted.
2- Using the contribution margin format, prepare Farnsworth’s projected income statement for July assuming 4,260 garments are cleaned during the month. a. Check your spelling carefully and do not abbreviate. b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted.
Business
1 answer:
Lemur [1.5K]3 years ago
8 0

Answer:

(1)

Fees revenues 42,600

Total expenses 1.92 x 4260  = 8179.2

<em>Net income 34,420.8</em>

<em>(2)</em>

Fees revenues 42,600

Variable cost  2,982

Contribution Margin 39,618

Fixed Cost 14,400

Net Income 25,218

Explanation:

(1)

We multiply by the garment cleaned

10 x 4,260 = 42,600

0.7 x 4,260 = 2982

and distribute the fixed cost among the normal capacity

14,400 / 7,500 = 1.92 fixed cost per garment cleaned

.7 + 1.92 = 2.62 cost per garment

(2)

We do not include the fixed cost in the unit cost, we subtact them completely as an expense.

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The correct answer is the option D: strongly correlated with the degree to which the industry's driving forces make it harder or easier for the new entrants to be successful.

Explanation:

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An online bank is offering to pay 0.25 % interest per month on deposits. Your local bank offers to pay 0.75 % interest quarterly
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Both have the same interest rate which is 3%.

<h3>What is interest?</h3>
  • In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.
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To find the higher interest rate:

Given that,

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If we calculate the annual interest for monthly and quarterly rates, it will be:

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So,

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Quarterly

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So,

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Therefore, both have the same interest rate which is 3%.

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The marketing director for Zap Games, a video game company, has informed his employees that he feels the company needs to improv
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It is indisputable that the work environment is a key factor in work relationships, however, it is difficult to define it and to specify the characteristics that determine it. From the employee's point of view, the work environment is the set of conditions that contributes to achieving satisfaction in the workplace. From the perspective of the company, it can be defined as the sum of elements that influence the organizational climate, productivity and good performance of employees.

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The other options are not related to the given scenario. So the above is the correct choice.

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Chloe Closson paid for her vacation to the mountains with a $3,000 installment loan at 10% for 12 months. Her monthly payments w
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But the question is how much will she save? To get the answer just follow this:  3165.00 - 3086.95 = $78.05 

Therefore, Chloe saves $78.05 
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