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zalisa [80]
3 years ago
13

Transformations Hair Salon uses an activity-based costing system to determine the cost of services. The salon has determined the

costs of services by activity as follows: Activity Activity Rate Hair washing $1.50 Conditioning 2.00 Chemical treatment 20.00 Styling 10.00 a. Using the information provided, determine the cost of services for each of the following services provided by the salon: Hair Washing Conditioning Chemical Treatment Styling Haircut 1 1 0 0 Complete style 1 1 0 1 Perm 2 3 1 1 Highlights 3 4 2 1 Round your answers to two decimal places, if necessary. Haircut $ per unit Complete style $ per unit Perm $ per unit Highlights $ per unit b. If the company budgets 10,000 haircuts, 4,000 complete styles, 3,500 perms, and 5,500 highlights, determine the budget for cost of services. Services Total Costs Haircut $ Complete style Perm Highlights Total $
Business
1 answer:
Archy [21]3 years ago
4 0

Answer:

$569250

Explanation:

Due to the format of the answer, I was unable to explain it in detail here. Please refer to the attached file for explanation as well as the original question.

Download xlsx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
3b91703c70a5a70df426b8d1c63a4c7d.png
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Item 5Item 5 Jackson owns a condominium in Las Vegas, Nevada, and he rents it to Joanne for $1,500 per month, payable on the 1st
zloy xaker [14]

Answer:

$ 1,500

Explanation:

Expenses paid by tenants on behalf of the landlords ( taxpayer), are considered as part of the rental income. Many tenants will normally deduct the expense from their monthly rent.   Landlords should declare the full amount of rent as the rental income.

The income that Jackson should report will be.

Repairs paid by Joane = $ 1,350

Rent balance paid by Joane = $150

Jackson should report =$ 1350+ $ 150

                                      =$ 1,500

7 0
3 years ago
A law making labor more expensive will have what impact on the supply curve?
7nadin3 [17]
A I think, sorry if I'm wrong
8 0
3 years ago
A. Finance, or financial management, requires the knowledge and precise use of the language of the field.
Sergio [31]

Answer:

1. Amortization Schedule.

2. Amortized loan.

3. Annual Percentage rate.

4. Discounting.

5. Future Value.

6. Opportunity cost of funds.

7. Time value of money.

8. Annuity due.

9. Perpetuity.

10. Ordinary annuity.

11. PMT/r.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Some of the financial terminologies used in financial accounting are;

1. <u>Amortization Schedule</u>: A schedule or table that reports the amount of principal and the amount of interest that make up each payment made to repay a loan by the end of its regular term.

2. <u>Amortized loan</u>: A loan in which the payments include interest as well as loan principal.

3. <u>Annual Percentage rate</u>: A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period.

4. <u>Discounting</u>: A process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.

5. <u>Future Value</u>: The name given to the amount to which a cash flow, or a series of cash flows, will grow over a given period of time when compounded at a given rate of interest.

6. <u>Opportunity cost of funds</u>: A 6% return that you could have earned if you had made a particular investment.

7. <u>Time value of money</u>: A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs.

8. <u>Annuity due</u>: A series of equal cash flows that occur at the beginning of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

9. <u>Perpetuity</u>: A cash flow stream that is generated by a share of preferred stock that is expected to pay dividends every quarter indefinitely.

10. <u>Ordinary annuity</u>: A series of equal cash flows that occur at the end of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

11. Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. The equation which can be used to solve for the present value of a perpetuity is given below;

Present value of a perpetuity (PV) = PMT/r

Where;

  • PMT represents the payment amount.
  • r represents the annual interest rate.
3 0
3 years ago
A client sks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that th
ioda

Answer:

C. Stage 4

Explanation:

stage 4 – respecting authority and preserving the rules of society.

                 authority and social order obedience driven.

7 0
3 years ago
Arundel Company uses percentage of sales to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts
oksano4ka [1.4K]

Answer:

The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100

Explanation:

Providing allowance for doubtful debts

A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.

Calculations

<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>

Credit Sales × % of allowed provision

$805,000 × 2.0%

$16,100

<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>

<em>Hint : Open Allowance for Doubtful Debts T Account:</em>

<u>Credits :</u>

Opening Balances 4,000

Balancing Figure (Profit and Loss) 12,100

Totals 16,100

<u>Debit:</u>

Closing Balance 16,100

Totals 16,100

5 0
3 years ago
Read 2 more answers
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