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OLga [1]
3 years ago
5

Classify the following as fixed or variable costs:

Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery

Variable cost: Fuel, Shipping charges, Payments for raw materials,

Explanation:

Fixed costs are costs that are not changed regardless of quantity of goods being produced such as rent for equipment, taxes, depreciation and so on.

Variable costs are costs that change with regard to the quantity of goods being produced such as cost of raw materials, cost of packaging and so on.

Example of fixed and  variable costs are:

  1. Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery
  2. Variable cost: Fuel, Shipping charges, Payments for raw materials,
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The Shoe Exchange issues 3,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price i
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Answer:

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

Being entries to record cash received from the issuance of shares

Explanation:

Par value per share = $1

Issue price per share = $19

Premium per share from issue = $19 - $1

                                                   = $18

Number of issued shares = 3000

Share capital balance from issue = 3000 × $1

                                                          = $3000

Premium balance = 3000 × $18

                             = $54,000

Cash received from Issue = 3000 × $19

                                           = $57,000

Entries to be posted

Debit Cash account           $57,000

Credit Shares capital         $3,000

Credit Share premium       $54,000

Being entries to record cash received from the issuance of shares.

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3 years ago
Your apartment gets robbed, and $1,560 worth of your belongings are gone. You have renter's insurance to cover the loss, but you
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I knew their support was conditional even though they seemed friendly (use unconditional)​
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I know their support was not unconditional though they seem friends.

Explanation:

If you are the Bhutanese student then I am sure this question came in 2017 BHSEC. Best of luck.

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2 years ago
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
GrogVix [38]

Answer:

Santoyo Corporation

Tracking Time to Fill Orders:

The delivery cycle time was 25 hours.

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The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer.  As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours.  The processing of the order consumes 1.6 hours.  Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best.  Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse.  At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.

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3 years ago
The _____, which prohibited employers from using unfair labor practices, declared that the official policy of the u.s. governmen
Novay_Z [31]

The <u>Wagner act</u>, which prohibited employers from using unfair labor practices, declared that the official policy of the u.s. government was to encourage collective bargaining.

<h3><u>What is the Wagner Act?</u></h3>

The Wagner Act, officially known as the National Labor Relations Act of 1935, is the most significant labor law passed in the United States during the 20th century. Its principal goal was to make it lawful for most workers—with the notable exception of domestic and agricultural workers—to form or join labor unions and engage in collective bargaining with their employers.

The Wagner Act, sponsored by New York's Democratic senator Robert F. Wagner, made the federal government the exclusive arbiter and regulator of labor relations. It established the National Labor Relations Board (NLRB), a permanent body of three members (later expanded to five), with the authority to hear and decide labor disputes through quasi-judicial processes.

Learn more about the Wagner act with the help of the given link:

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1 year ago
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