Answer:
Variable cost per unit= $1.16 per mile
Explanation:
Giving the following information:
January 16,200 $22,650
February 17000 $23,250
March 18400 $25,450
Apri 16500 $22,875
May 17400 $23,550
June 15300 $21,850
<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)
Variable cost per unit= $1.16 per mile
Answer:
Let's say that the value of the US dollar goes down due to inflation.
A startup business would have to pay more money to it's employees, spend more money on products, try and charge the same prices, and lose a lot of money. Essentially, more money would be going out than coming in.
The amount of the bad debts expense adjusting entry is:$7665.
<h3>Bad debt expenses</h3>
Using this formula
Bad debt expenses=Sales×Estimated sales percentage
Where:
Sales=$1,095,000
Estimated sales percentage=0.7%
Let plug in the formula
Bad debt expenses=$1,095,000×0.7%
Bad debt expenses= $7,665
Therefore the amount of the bad debts expense adjusting entry is:$7665.
Learn more about bad debt expenses here:brainly.com/question/18568784
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Answer: $726,957.60
Explanation:
The debit to Lease Receivable is the present value of the payments to be made by B Corp. for the 8 years.
Payments are made twice a year so period is 16 periods.
Rate = 8% /2
= 4%
Present value = Payments * Present value of an annuity due factor, 16 periods, 4%
= 59,980 * 12.12
= $726,957.60
Answer:
d. recognition of realized gains or losses on sales
Explanation:
In the case of trading securities, the non-realized gain and losses should be recorded in the income statement. So at the time when securties are sold so here the realized gain are distinct as compared to the afs and htm securties
So as per the given situation, the option d is correct
And, the same should be considered
