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steposvetlana [31]
3 years ago
5

The phone bill for a corporation consists of both fixed and variable costs. Refer to the​ four-month data below and apply the​ h

igh-low method to answer the question. Minutes Total Bill January 480 ​$4,500 February 240 ​$2,690 March 160 ​$2,630 April 300 ​$2,845 If the company uses 360 minutes in​ May, how much will the total bill​ be? (Round any intermediate calculations to the nearest cent and your final answer to the nearest​ dollar.)
Business
1 answer:
tatiyna3 years ago
4 0

Answer:

$3,799

Explanation:

The total bill amount is

Before that The computation of the fixed cost and the variable cost per minute by using high low method is computed

Variable cost per minute = (High bill cost - low bill cost) ÷ (High minutes - low minutes)

= ($4,500 - $2,630) ÷ (480 - 160)

= $1,870 ÷ 320

= $5.84

Now the fixed cost equal to

= High bill cost - (High minutes × Variable cost per minute)

= $4,500 - (480 × $5.84)

= $4,500 - $2,803

= $1,697

Now the total bill would be

= Fixed cost + expected minutes × variable cost per minutes

= $1,697 + 360 × $5.84

= $1,697 + $2,102

= $3,799

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If the company used the percentage of sale method and estimates bad debts to be 2% of sales what is the amount of bad debt expense:

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Explanation:

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Allowance for Uncollectible Accounts $ 15,500  

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White House officials often exude more confidence than they actually feel about future prospects for the economy. Why might this
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Answer:

Following are the answer to this question:

Explanation:

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A rent ceiling results in a shortage. As a result, which of the following do you expect? O a black market for apartments whereby
zheka24 [161]

Answer:

The correct answer is: black market for apartments whereby higher rents are obtained through various other charges.

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Because of shortage of apartments in the market, a black market will be created where the apartment owners will be able to charge higher rents through other charges.

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The general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Based on the information given since Alicia Tax Services paid the amount of  $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:

Debit Accounts payable $690

Credit Cash $690

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Inconclusion the general journal entries that  Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Learn more about account payable here:brainly.com/question/1347024

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