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3 years ago

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How are fixed costs different from variable costs?

2 answers:

viva [34]3 years ago

8 0

Answer:

How are fixed costs different from variable costs?

Fixed costs are costs associated with capital, such as machinery; variable costs are the cost of labor.

Explanation:

Alekssandra [29.7K]3 years ago

6 0

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.

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EFG Transportation Company uses the straight-line method to depreciate its delivery truck. Which of the following reflects how r

Stells [14]

Answer:

C.− NA −NA + −NA

Explanation:

As we know that

The depreciation expense is a non cash expense which is to be charged every year and shown in the income statement

Plus it also reduced the value of the asset and stockholder equity as a retained earning but at the same time it increases the expenses due to which the net income reduced and it does not have any impact on the cash flow statements

Hence, the appropriate option is c.

4 0

4 years ago

Patty and tina were exposed to the mumps at school. neither patty nor tina has ever had the mumps before, but several years ago

Mumz [18]

I think would be most susceptible to have mumps is the Patty. <span>
</span><span>If we review the conditions: Tina had mumps vaccine; her mother had mumps before; baby sister was breastfed, which is not a protection for mumps, and Patty wasn't vaccinated but was the one who had contact with the person who has mumps. Patty was the most vulnerable.</span>

<span>The main reasons for mumps are through situations where saliva was able to be passed. </span><span> Such situations were sneezing, coughing, food sharing, plate use, kissing, and touching the nose or mouth of people with mumps.</span>

3 0

3 years ago

Read 2 more answers

During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip

kramer

Answer:

Cash Inflow of $191,400

Explanation:

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400

5 0

4 years ago

1. Explain the concept of opportunity cost with an appropriate example.<br>

inn [45]

Answer:

Concept & example of Opportunity Cost

Explanation:

Opportunity Cost is the cost of next best alternative foregone, while choosing an alternative. This arises because of 'choice' problem, due to unlimited wants & limited resources - having alternative uses.

Eg : If I can have 2 chapatis or a bowl of rice. And, I eat a bowl of rice. Then, 'opportunity cost' of a rice bowl is - the next best available '2 chapattis' foregone for the former.

4 0

3 years ago

The following information is available for Zetrov Company. The cash budget for March shows an ending bank loan of $19,000 and an

Alja [10]

Answer:

Zetrov Company

Budgeted Balance Sheet for the month of March

Assets

Current assets:

Cash $59,700

Accounts receivable 96,600

Inventory 27,300 $183,600

Long-term assets:

Equipment $82,200

Accumulated depreciation (34,600) $47,600

Total assets $231,200

Liabilities and Equity:

Current liabilities:

Bank loan payable $19,000

Accounts payable 90,800

Income tax payable 27,800 $137,600

Equity:

Common stock $34,000

Retained earnings 59,600 $93,600

Total liabilities and equity $231,200

Explanation:

a) Data and Calculations:

Ending Bank Loan = $19,000

Ending cash balance = $59,700

Accounts receivable = $96,600 ($138,000 * 70%)

Accounts payable = $90,800

Ending inventory = $27,300 (780 * $35)

Net income = $49,800

Income tax payable = $27,800

Equipment at cost = $82,200

Accumulated depreciation, beginning $31,800

Depreciation for the month = 2,800

Accumulated depreciation, ending = $34,600

Retained earnings, beginning = $9,800

Net income 49,800

Retained earnings, ending $59,600

6 0

3 years ago