1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Triss [41]
3 years ago
8

Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The

cost formula for catering supplies is $350 per month plus $89 per job plus $9 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in September to be 21 jobs and 144 meals, but the actual activity was 17 jobs and 141 meals. The actual cost for catering supplies in September was $3,035. The catering supplies in the planning budget for September would be closest to:
Business
1 answer:
hodyreva [135]3 years ago
8 0

Answer:

$3,515

Explanation:

The computation of the catering supplies is shown below:

= Catering supplies per month + per job cost  × expected number of jobs + per meal cost  × expected number of meals

= $350 + $89 × 21 jobs + $9 × 144 meals

= $350 + $1,869 + $1,296

= $3,515

Since the question is asking for planning budget so we considered the expected units in terms of jobs and meals

You might be interested in
A multiple-channel queuing system with a Poisson arrival rate and exponential service time has an average arrival rate of four c
12345 [234]

Answer:

1.2

Explanation:

The computation of the minimum number of servers required to avoid an overloaded system is shown below:-

Average service time =  Average service time ÷ number of minutes in a hour

18 min = 18 ÷ 60 per hr

= 0.3 hr per customer

Now for four customers, it would be

min servers = 4 × 0.3

= 1.2

So, the correct answer is min servers = 2 as servers cant be in fractions

Therefore we have applied the above formula.

6 0
3 years ago
The Nellie Company has provided the following information: Operating expenses were $115,000; Gross profit was $629,000; Cost of
mrs_skeptik [129]

Answer:

A) $514,000.

Explanation:

Operating income = Gross profit - Operating expenses

Operating income = $629,000 - $115,000

Operating income = $514,000

6 0
3 years ago
Which of the following is most correct:Question 8 options:A firm with financial leverage has a larger equity multiplier than an
elena-14-01-66 [18.8K]

Answer:

A firm with financial leverage has a larger equity multiplier than an otherwise identical firm with no debt in its capital structure.

Explanation:

The equity multiplier basically tells us what portion of the company's assets were financed through equity, i.e. what portion was financed by the company's owners.

the formula to determine the equity multiplier = total assets / total equity

the higher the equity multiplier, the higher the return on equity (ROE), but a high equity multiplier (financial leverage) also increases the company's risk since eventually it might not be able to pay off its creditors if something goes wrong.

8 0
3 years ago
Artifacts reflecting values of an organization include Select one: a. Mission statements b. An office layout that includes open
nordsb [41]

Answer:

The correct answer to the following question is option B) an office layout that includes open spaces.

Explanation:

It is often said that an organizations culture could be seen through various ways and one of them is observable artifacts, which represents a organizations attitude, it's belief and anything that might be considered meaningful like behavior. These artifacts may include a organizations physical surroundings like its interior design, landscape etc and in this case its open spaces in office layout, and other might be technologies , product, rituals etc.

3 0
3 years ago
What steps did fdr take in response to the economic improvements of 1935 and 1936?
Kryger [21]
<span>In the first hundred days of his presidency, FDR knew that he would have to provide relief to the U.S. citizens, create jobs and stimulate the economy. His first step was to bring back the peoples confidence in banks. Next, he had to help local relief agencies. He convinced congress to establish the Federal Emergency Relief Agency which sent funds to agencies. The FERA put money into public work programs to support people who were out of work. FDR also established the Civilian Conservation Corps which help put men to work on cleaning up national parks.</span>
8 0
3 years ago
Other questions:
  • Which of the following is an example of capital outflow for Germany?a. German company Haribo sells a production facility in Irel
    11·1 answer
  • Alejandra suspects that her boss is prejudiced against her and believes that she is not as capable as her male co-workers. Becau
    10·1 answer
  • Jan Carlzon, former president of Scandinavian Airlines (SAS), has said that one of the greatest fears executives have is that em
    15·1 answer
  • A bank is earning 6 percent on its $150 million in earning assets and is paying 4.75 percent on its liabilities. The bank's inte
    10·1 answer
  • Which of the following accounts allows full access to the system, while accessing other systems on the network? Local Admin acco
    14·1 answer
  • A company's new business is said to possess "synergy" with the company's existing business when ____
    14·1 answer
  • Western Wear has total sales of $642,100, EBIT of $93,900, net income of $50,800, current assets of $153,500, total assets of $6
    6·1 answer
  • Downtown Stores can issue equity at a flotation cost of 8.76 percent and debt at 5.93 percent. The firm currently has a debt-equ
    9·1 answer
  • Which of the following statements is not a characteristic of the LIFO method of pricing inventory? During a period of falling pr
    9·1 answer
  • Approximately what percentage of a reduction in errors did international air transport association have when thier employees wor
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!