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Gelneren [198K]
3 years ago
7

A company pays all selling expenses in the month incurred. Budget information includes: Administrative salaries: $50,000; Sales

commissions: $20,000; Advertising: $10,000; Depreciation on store equipment: $25,000; Rent on administrative building: $30,000; Miscellaneous administrative expenses: $5,000. Total cash disbursements for administrative expenses is
Business
1 answer:
True [87]3 years ago
4 0

Answer:

The Total cash disbursements for administrative expenses is $85,000

Explanation:

For computing the Total cash disbursements for administrative expenses, following equation should be used which is shown below:

= Administrative salaries + Rent on Administrative building + Miscellaneous administrative expenses

= $50,000 + $30,000 + $5,000

= $85,000

The other cost like sales commission, depreciation on store equipment is not been considered in the computation part because it is not related to the administrative expense. Hence, these cost would not be recognized.

Hence, the Total cash disbursements for administrative expenses is $85,000

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Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job #
Pavel [41]

Answer:

Unitary cost= $147.02

Explanation:

Giving the following information:

Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job1987 used $1,202 of direct materials and $5,500 of direct labor.

First, we need to calculate the allocated overhead to Job 1987:

direct labor hours= 5,500/11= 500 hours

Allocated overhead= 500*16= $8,000

Now, we can calculate the total cost and unitary cost of Job 1987:

Total cost= 1,202 + 5,500 + 8,000= $14,702

Unitary cost= 14,702/100 units= $147.02

3 0
3 years ago
Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b
dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0
3 years ago
g On January 2, 2010, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000 and classified the
Aliun [14]

Answer:

$7,200

Explanation:

The calculation of income that should be presented in the income statement is shown below:-

Dividend Received = Given percentage × Paid dividend

= 12% × $60,000

= $7,200

Therefore for computing the income that should be presented in the income statement we simply applied the above formula.

Therefore the above is the answer

8 0
3 years ago
A company estimates that the revenue (in dollars) from the sale of x doghouses is given by R(x)=14,000ln(0.01x+1). Use the diffe
melamori03 [73]

Answer: The change in revenue for the sale of 1 more doghouse $ 66.67 dollars

Explanation: Differential is a function that can be used to approximate function value with a great degree of accuracy. This is done by the following.

Mathematical definition of derivative: f'(x) = lim f(x+Δx) - f(x)/Δx.

If Δx is very small:

f'(x) . Δx ≅ f(x+Δx) - f(x)

Knowing that Δy ≅ f(x+Δx) - f(x) and the diferential of variable x can be written by dx as the variable y can be dy:

dy = f'(x) dx

which means that the differential dy is approximately equal to the change Δy, if Δx is very small.

For the question, R(x) = y(x) = 14,000ln(0.01x+1)

f'(x) = \frac{d[14,000.ln(0.01x+1)]}{dx}

Using the chain rule, the derivative will be:

f'(x) = 14,000.\frac{0.01}{0.01x+1}

dy = 14,000.\frac{0.01}{0.01x+1}.dx

dx is the change in x. For the question, the change is 1 (1 more doghouse) and x is 110:

dy = 14,000\frac{0.01}{0.01.110+1}.1

dy = \frac{140}{2.1}

dy = 66.67

The change in revenue is $66.67 dollars.

5 0
3 years ago
Material participation standards for shareholders of Subchapter S corporations, who are individuals, include those who during th
Liono4ka [1.6K]

Answer:

The correct answer is letter "D": participated in business activities for more than 100 hours during the tax year and the participation was not less than the activity of any other individual's during the tax year.

Explanation:

Material Participation Tests are principles the Internal Revenue Service (IRS) considers at the moment of qualifying an individual as being part of an income-producing activity. There are seven (7) tests taken into consideration by the IRS but only one requirement is necessary for qualification. Among them, test three (3) states that <em>an individual qualifies if that person was involved for more than 100 hours and not less than any other individual in the firm</em>.

8 0
3 years ago
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