Answer:
(b) purchase contract with no contingencies.
Answer:
$651,000
Explanation:
The balance in the investment account as at 31st December is calculated as;
Investment account balance January 1, 202X
$624,000
Add:
30% of Turks services inc. $120,000
Net income
$36,000
Less :
30% of $30,000 dividend paid
($9,000)
Investment account balance December, 31 202X
$651,000
Answer:
A- 12
B- 1.09
C- 52.15%
Explanation:
A. The job finding rate (f) is the fraction of unemployed individuals who find a job each month. (f) is thus the inverse of the average spell of unemployment. Spell of unemployment was 1/12. Knowing that 1/12 is 0.083, then inverse it. 0.083^-1 = 12.
B. Separation Rate would be 11/12 or 0.917. Take the inverse of that 0.917^-1 = 1.09
C. natural rate of unemployment = rate of job separation / (rate of job separation + rate of job finding) = 1.09/1+ 1.09 = 52.15%. this shows that natural and unemployment is 52.15%.
In cost accounting, the high-low method is a way of attempting to separate out fixed and variable costs given a limited amount of data. The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level. If the variable cost is a fixed charge per unit and fixed costs remain the same, it is possible to determine the fixed and variable costs by solving the system of equations.
1. Calculate variable cost per unit using the identified high and low activity levels
Variable cost = (Total cost of high activity – Total cost of low activity) / (Highest activity unit – Lowest activity unit)
((112,000 X .167) - (168,000 X .132)) / (168,000-112,000) = variable costs
2. Solve for fixed costs
To calculate the total fixed costs, plug either the high or low cost and the variable cost into the total cost formula.
It doesn't appear that you have enough information to answer this section. You need to know total cost to be able to answer this.
Total cost = (Variable cost per unit x units produced) + Total fixed cost
3. Construct total cost equation based on high-low calculations
