All categories

4 years ago

Curvilinear costs increase as volume of activity increases, but at a nonconstant rate.

1 answer:

4 0

That statement is true

Curvilinear cost is an irregular cost that <span>increases at different rates as the output increases. For example: Labor cost that is paid hourly
When the amount of work/output is increased, employees need more hour to finished the jobs, which will increase the overall labor cost</span>

You might be interested in

Wildhorse Co. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

OLEGan [10]

Answer:

Ending inventory= $1514

Explanation:

Giving the following information:

Beginning inventory: 320u*$5.00= $1600

Purchase, (1/15/2017)= 160u*5.70= $912

Purchase, (1/28/2017)= 160u*5.90= $944

Ending inventory= 260u

The company uses FIFO (first in, first out).

What is the value of ending inventory?

Ending inventory= 160u*5.90 + 100u*5.70= $1514

6 0

3 years ago

Lucie is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800, $16,400, and $21,700 for Years 1 to 3,

Alecsey [184]

Answer:

Results are below.

Explanation:

To determine whether the project should be accepted or not, we need to calculate the net present value. <u>If the NPV is positive, the project should be accepted.</u>

<u>To calculate the NPV, we will use the following formula:</u>

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 9,800/1.0975= 8,929.38

Cf2= 16,400/1.0975^2= 13,615.54

Cf3= 21,700/1.0975^3= 16,415.20

Total= $38,960.12

NPV= -38,700 + 38,960.12

NPV= 260.12

<u>The project is profitable. </u>

5 0

3 years ago

On January 1, Year 1, Turner Company borrowed $58,000 from Lessing Inc. and signed a three-year installment note to be paid in t

Rashid [163]

Answer:

Per year installment shall be $22,101

Explanation:

By using annuity formula we have

P=$58,000

Annuity Factor=2.62432

P=Installment*2.62432

$58,000=Installment*2.62432

Installment=$58,000/2.6243

Installment per year=$22,101

6 0

3 years ago

Required information Skip to question [The following information applies to the questions displayed below.] On November 1, 2019,

abruzzese [7]

The journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

<h3>Unearned rent</h3>

a. Entry

Debit Cash $31,800

Credit Unearned Rent Revenue $31,800

b. Unearned rent:

Unearned Rent = 4/6 months

Two months have been paid up to December which means that 4 months are left for pay out of 6 months.

Hence:

Unearned Rent = 4/6 x $31,800
Unearned Rent = $21,200

c. Journal entry

Debit Unearned Rent Revenue $5200

Credit Rent Revenue $5300

(2/12×$31,800)

Therefore the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

The complete question is:

On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed.

a. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co.

b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease.

c. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.

Learn more about unearned rent here:brainly.com/question/14866803

#SPJ1

4 0

2 years ago

By 1830 home manufacture had declined significantly due to:

taurus [48]

Answer:

Explanation:

According to the history of America, by 1830 home manufacture had declined significantly due to increased industrial organization and advances in transportation.

3 0

4 years ago