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irinina [24]
3 years ago
14

Mondo Snow Removal's cost formula for its vehicle operating cost is $1,300 per month plus $621 per snow-day. For the month of Ja

nuary, the company planned for activity of 20 snow-days, but the actual level of activity was 23 snow-days. The actual vehicle operating cost for the month was $15,060. The activity variance for vehicle operating cost in January would be closest to:
Business
1 answer:
Flauer [41]3 years ago
5 0

Answer:

The correct answer is $1,863 (U).

Explanation:

According to the scenario, computation of the given data are as follows:

Planned Activity = 20 days

Actual activity days = 23 days

Contribution margin = $621

Operating cost =- $15,060

So, we can calculate the activity variance by using following formula:

Activity Variance = ( Planned activity days - Actual activity days) × Contribution margin

By putting the value, we get

Activity variance = ( 20 - 23 ) × $621

= -3 × $621

= - $1,863 ( Negative shows unfavorable)

= $1,863 (U)

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Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $0.05 per unit. A pound opt
gladu [14]

Answer:

-$1,562.50

Explanation:

Calculation to determine The highest net profit possible for the speculator based

Premium of the option = $.05 per unit * (31,250 units)

Premium of the option= -$1,562.50

Therefore Based on the information given and the above calculation The HIGHEST NET PROFIT that will be possible for the speculator will be -$1,562.50

6 0
3 years ago
At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,510,000. After the timber is cl
V125BC [204]

Answer:

A. $279,000

B. $27,900

Explanation:

A. Calculation for 2021 depletion of the timber tract

2021 Depletion=[($3,510,000 - $720,000) / 6.2 million] *$620,000

2021 Depletion=0.45x 620,000

2021 Depletion= $279,000

Therefore 2021 depletion of the timber tract is $279,000

B. Calculation to determine the depreciation of the logging roads

Depreciation=($279,000 / 6.2 million)*$620,000 Depreciation= 0.073*$620,000

Depreciation= $27,900

Therefore the depreciation of the logging roads is $27,900

5 0
3 years ago
The national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the
Vlad1618 [11]

Answer:

Green book.

Explanation:

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

The following are functions of the Federal Reserve;

1. Maintaining federal government checking accounts and gold.

2. Maintaining and circulating currency.

3. Being the lender of last resort for banks.

The Federal Reserve System comprises of twelve (12) Federal Reserve Bank regionally across the United States of America and seven (7) board of governors.

A green book can be defined as a book used by the Federal Reserve Board of Governors to project economic indices and factors with respect to the economy of the United States of America. The Federal Reserve Board of Governors produces it before each meeting organized by the Federal Open Market Committee (FOMC).

Hence, the national economic forecast for the next two years prepared by the staff of the Board of Governors is published in the green book.

3 0
3 years ago
Product focused processes: a) are desirable because resource needs increase slowly with the complexity of a process. b) are proc
LenKa [72]

Answer:

b) are processes that are specialized for relatively few products or customer groups.

Explanation:

As the name suggests these are focused specifically for some products and not for all of the products manufactured by a company. These processes promote the product specification details, by advancing the processes of manufacturing more specific.

These are majorly used for customer specified products, generally identical products. In which no two products are similar in nature. And accordingly, these help in maximum customer satisfaction.

3 0
3 years ago
Find the missing angle​
Lady bird [3.3K]

Answer:

<h2>To find the missing angle: Label each angle in the triangle with a letter. The unknown letter will be to the left of the =. In the image above, A is the unknown angle. Choose the equation with A to the left of the =. Insert the values of the known letters into the right hand side of the equation.</h2>

Explanation:

I hope this helps

8 0
3 years ago
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