C business mileage during the year to claim the standard mileage rate for the business
Answer:
B. $183,000
Explanation:
Calculation to determine The amount of cash that will be collected in July is budgeted to be
Budgeted collection in July = July sales (190,000*35%) + June sales (210,000*45%) + May sales (110,000*20%)
Budgeted collection in July =$66,500 +$94,500 + $22,000
Budgeted collection in July=$183,000
Therefore The amount of cash that will be collected in July is budgeted to be $183,000
Answer:
The answer is: $90,000
Explanation:
We must first determine the cost of goods sold:
- COGS = variable costs = 70% x 1,000,000
I will assume all fixed costs are operating expenses.
Then we elaborate a simple income statement:
Sales $1,000,000
<u>COGS ($700,000) </u>
Gross profit $300,000
<u>Operating expenses ($210,000) </u>
Operating profit $90,000
Answer:
option (D) TC = $1,000 + $100q
Explanation:
Data provided in the question:
Fixed cost of production = $1,000
Marginal cost of production = $100 per unit produced
Now,
let the total number of quantities produced be 'q'
also,
the total cost is given as:
⇒ Total cost, TC = Total fixed cost + Total marginal cost
or
⇒ TC = $1,000 + ( $100 × q )
or
⇒ TC = $1,000 + $100q
Hence,
The correct answer is option (D) TC = $1,000 + $100q