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3 years ago

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:

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,

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Stephanie was injured in a car accident and was rushed to the emergency room. She received stitches for a facial wound and treat

Brrunno [24]

Answer:

a) Stephanie have to pay $444

b) Stephanie PPO covered $376

Explanation:

(a) Copay expenses = Total expenses − Annual Deductible

= $820 - $350 = $470

Cost = Annual Deductible + [(1 − Insurance percentage) × Copay expenses]

= $350 + [(1 - 0.80) × $470] = $444

Stephanie have to pay $444

(b) Insurance payment = Insurance percent × Copay expenses = 0.80 × $470 = $376

Stephanie PPO covered for 80% of her copay expenses = $376

Therefore, Stephanie PPO covered $376

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4 years ago

A relatively inflexible compensation system is , which determines the value of the jobs employees hold rather than paying indivi

Rudik [331]

This type of compensation system is called job-based pay.

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3 years ago

What is competitive strategy?

iVinArrow [24]

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3 years ago

U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:

kap26 [50]

Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets

Explanation:

US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.

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3 years ago

Hopkins Company has taken a position in its tax return to claim a tax credit of $70,000 (direct reduction in taxes payable) and

Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

= Tax benefit in 20% - Tax benefit in 40%

= $70,000 - $42,000

= $28,000

The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.

We took the higher value between $42,000 and $14,000.

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4 years ago