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MrRissso [65]
3 years ago
5

When creating a budget, log fixed expenses

Business
2 answers:
Alja [10]3 years ago
8 0

Answer:

after income

Explanation:

Eduardwww [97]3 years ago
7 0

Answer:

After income

Explanation:

Just took the test!

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Benitez Company makes wicker and wooden slat picnic baskets. It requires approximately 1 hour of labor to make one basket of eit
kifflom [539]

Answer:

Assigned cost= $16,080

Explanation:

Giving the following information:

Wicker baskets are produced in batches of 100 units.

Wooden slat baskets are produced in batches of 50.

Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.

First, we need to determine the number of batches.

Wicker= 8000/100= 80 batches

Wooden= 2000/50= 40 batches

Proportion of batches= 80/120= 0.67

Assigned cost= 24000*0.67= $16,080

8 0
4 years ago
18) Sum, Average, and Count are examples of ________.
zvonat [6]

Answer:

Summary calculation

Explanation:

  • The end of summary calculation refers to summary statistics
  • But here we have to calculate things like sum ,mean, average etc.

Option C is correct

3 0
3 years ago
Which credit score would you tell your friends is the worst for getting a loan?
adoni [48]

Answer:

D.

Explanation:

a credit score between 300 and 579 is poor so D.

3 0
4 years ago
In the month of March, Ivanhoe Salon services 550 clients at an average price of $150. During the month, fixed costs were $26,88
Fed [463]

Answer and Explanation:

The computation is shown below:

a. Total sales is

= 550 clients × $150

= $82,500

Variable costs is

= 60% of sales

= 60% × $82,500

= $49,500

Now

Contribution margin is

= total sales - variable costs

= $82,500 - $49,500

= $33,000

and, Contribution margin per unit is

= contribution margin ÷ total units

= $33,000 ÷ 550

= $60

And,

Contribution margin ratio is

= contribution margin ÷ total sales

= $33,000  ÷ $82,500

= 40%

3 0
3 years ago
Faber Products has $35 million of sales and $9.75 million of net income. Its total assets are $150 million. Assume the company’s
Setler [38]

Answer:

If the firm uses less leverage, its ROE will decrease since the cost of equity is much higher than the cost of debt. If all debt is eliminated, then ROE will decrease to 7.764% from 10.83%.

Explanation:

net income = $9.75 million

capital structure:

  • $90 million equity
  • $60 million debt

interest rate = 4% and tax rate = 21%

current return on equity (ROE) = $9.75 / $90 = 10.83%

current return of assets (ROA) = $9.75 / $150 = 6.5%

cost of debt = 4% x (1 - 21%) = 3.16%

if the company issues more equity to lower debt to 0, then:

net income = $9.75 + [$60 million x 4% x (1 - 21%)] = $9.75 + $1.896 = $11.646 million

return on equity (ROE) = $11.646 / $150 = 7.764%

return of assets (ROA) = $11.646 / $150 = 7.764%

3 0
4 years ago
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