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3 years ago

The following information is available for a company’s maintenance cost over the last seven months.

Business

1 answer:

Rainbow [258]3 years ago

3 0

Answer:

Variable cost per unit= $250 per unit

Fixed costs= $2,100

Explanation:

Giving the following information:

June= 9 $5,450

July= 18 $6,900

August= 12 $5,100

September= 15 $6,000

October= 21 $6,900

November= 24 $8,100

December= 6 $3,600

To calculate the fixed and variable costs under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (8,100 - 3,600) / (24 - 6)

Variable cost per unit= $250 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 8,100 - (250*24)

Fixed costs= $2,100

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 3,600 - (250*6)

Fixed costs= $2,100

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What annual rate of return would Jia need to earn if she deposits $20,000 per year into an account beginning one year from toda

Nimfa-mama [501]

Answer:

3.12%

Explanation:

We use formula in excel to calculate annual rate of return

Rate = (Nper,PMT,,FV,1)

Nper (number of payments): 30

PMT (payment made every period) : -$20,000

FV (future value of investment): $1,000,000

type 1 for payment beginning of period

Then rate = (30,-20000,,1000000,1)= 3.12%

Please see excel attached for the calculation

Download xlsx

5 0

3 years ago

Mayan company had net income of $33,250. the weighted-average common shares outstanding were 9,500. the company sold 4,500 share

mylen [45]

The company’s earnings per share would still be based on the common shares outstanding of 9,500. This is because the 4,500 selling transaction is not yet accounted for that last accounting period. Therefore,

Earnings per share = $33,250 / 9,500 shares

Earnings per share = $3.5 per share

5 0

3 years ago

Read 2 more answers

A company needs to have $135,000 in 5 years, and will create a fund to insure that the $135,000 will be available. If it can ear

Papessa [141]

Answer:

The company must invest $ 100,879.85 ( approx )

Explanation:

Let P be the invested amount,

The annul rate, r = 6% = 0.06,

Number of years, t = 5 years,

Thus, the total amount after 5 years,

$A=P(1+r)^t$

$A = P(1+0.06)^5$

$A=P(1.06)^5$

We have, A = $135,000,

$135000=P(1.06)^5$

$\implies P =\frac{135000}{(1.06)^5}=100879.85$ ( Using calculator )

Hence, company must invest $ 100,879.85 ( approx )

6 0

3 years ago

Maria, a citizen and resident of Mexico, received the following investment income during 2018: $1,000 of dividend income from ow

dmitriy555 [2]

Answer: $6,000

Explanation:

Maria is a citizen and resident of Mexico so the only way the U.S. can tax Maria is by taxing income that is in U.S. jurisdiction before it comes to Maria.

This will include the dividend from ownership of stock in a U.S. Corporation, the interest from a U.S. company issued bond and rental income from a property located in the U.S.

The U.S. will be unable to tax the capital gain from sale of stock however because the sale might not be conducted in the U.S.

Income subject to U.S. taxation is therefore:

= 1,000 + 2,000 + 3,000

= $6,000

8 0

2 years ago

A banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction

Anna007 [38]

Answer:

Mortgage Broker Dual Agency Disclosure Form

Explanation:

The Mortgage Broker Dual Agency Disclosure Form is a document a broker needs to fill in when he/she acts as a mortgage broker and real estate broker in the same operation to inform the buyer and the seller before he/she can provide the services and it must be signed by both parties. So, according to this, the answer is that a banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction is known as the Mortgage Broker Dual Agency Disclosure Form.

3 0

3 years ago