Answer:
The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively
Explanation:
1. The computation of the variable cost per unit is shown below:
= (High total cost - low total cost) ÷ (High number of cavities - low number of cavities)
= ($6,500 - $5,200) ÷ (675 - 350)
= $1,300 ÷ 325
= $4
2. The computation of the fixed cost is shown below:
Fixed cost = total cost - Variable cost
= $6,500 - (675 × $4)
= $6,500 - $2,700
= $3,800
3. And, the total cost for 550 cavities would be equal to
= Fixed cost + variable cost
= $3,800 + (550 cavities × $4)
= $3,800 + $2,200)
= $6,000
Answer:
a. credit to Cash for $63,316.
Explanation:
Given;
Pension contribution by GL Inc. percentage = 11%
Salaries for the period = $575,600
Amount to be contributed = 11% × $575,600
= $ 63,316.00
To account for this, the required journal would be
Debit Pension Expense $ 63,316.00
Credit Cash account $ 63,316.00
The right option is a. credit to Cash for $63,316.
Answer:
the process of using information to link customers, consumers, and the public to the marketer is referred to as marketing Research!!
go for it!!
Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
Answer:
The answer is: A) Is the law rationally related to a legitimate government interest?
Explanation:
A legitimate government interest applies when a government (in this case municipal government) passes a law to protect the health, safety, and economy of it's citizens.
This law will probably be reviewed using a rational basis, which is the least strict type of legal scrutiny.
