Fax machines, voice mail, electronic mail, and electronic conferencing are all examples of

The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing over

alexgriva [62]

The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020

Calculation to determine the total variable costing income statement

Using this formula

Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales

Let plug in the formula

Variable costing income statement($140 + $19) x 780 quilts sold

Variable costing income statement=$159×780 quilts sold

Variable costing income statement=$124,020

Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.

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4 0

2 years ago

Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares.

Rudik [331]

Answer:

It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.

Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.

Assets are value yielding or money making investments or facilities of a business Organisation.

Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.

THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES

=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.

3 0

3 years ago

Meeting the spending targets in this budget meant some very difficult choices. —president barack obama, 2012 budget message of t

Ostrovityanka [42]

The meaning of making "difficult choices" when creating a federal budget is: D. deciding what will be funded and what will be cut.

<h3>What is a federal budget?</h3>

A federal budget refers to a financial plan that is typically used by the government for the estimation of the revenue (taxation) and expenditures (spending) of a country over a specified period of time, which is often one year.

This ultimately implies that, making "difficult choices" when creating a federal budget simply means to decide what will be funded by the government and what will be cut from the budget.

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5 0

2 years ago

Melissa invests $37,000 today in a savings account that pays 4 percent interest compounded annually. She wants to know the total

MissTica

Answer:

a. N = 7, I/Y = 4, PV = -37,000

Explanation:

In financial calculator % is already written in the calculator so we have to write only number in calculator.

Option b incorrect because it has included a number with % ( 4% ) sign that we dint do usually in calculator.

Option c is incorrect because it has taken pv as positive

Option d is incorrect because it has written 4% that we don't put in calculator as well as it has inserted positive pv which is also wrong.

7 0

3 years ago

Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below.

jeka57 [31]

Answer:

The expected return is 10.95%

Explanation:

CALCULATE THE EXPECTED RETURN OF X

State _____Probability __X_____Expected return

Boom ____ 0.25 ______22% ___5.50%

Normal ___ 0.60 ______15% ___ 9.00%

Recession _0.15 _______5% ___ <u>0.75% </u>

Total ______________________<u>15.25%</u>

CALCULATE THE EXPECTED RETURN OF Y

State _____Probability __Y_____Expected return

Boom ____ 0.25 ______10% ___ 2.50%

Normal ___ 0.60 ______9% ____5.40%

Recession _0.15 _______8% ___ <u>1.20% </u>

Total ______________________<u>9.10%</u>

Now calculate the weighted average return based on investment in each portfolio

Expected return = ( Expected return of Assets X x Weight of Asset X ) + ( Expected return of Assets Y x Weight of Asset Y )

Expected return = ( 15.25% x $3000/$10000 ) + ( 9.10% x $7000/$10000 )

Expected return = 4.575% + 6.370%

Expected return = 10.945%

Expected return = 10.95%

5 0

3 years ago