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ICE Princess25 [194]
3 years ago
13

Milltown Company specializes in selling used cars. During the month, the dealership sold 16 cars at an average price of $14,400

each. The budget for the month was to sell 14 cars at an average price of $15,400. Compute the dealership's sales volume variance for the month.
Business
1 answer:
Tom [10]3 years ago
4 0

Answer:

$30,800

Explanation:

Data provided in the question:

Actual number of cars sold = 16

Average price of the car = $14,400

Budgeted number of cars to be sold = 14

Average budgeted price of the car = $15,400

Now,

Sales volume variance

= ( Actual quantity sales - Budgeted quantity sales ) × Budgeted price

= ( 16 - 14 ) × $15,400

= 2 × $15,400

= $30,800

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Centralized direction explain why we often overestimate how well we can predict future actions of others.


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______ effect happens when the place a product was manufactured influences how consumers perceive the product.
stiks02 [169]

Effect happens when the place a product was manufactured influences how consumers perceive the product.  Country of Origin

What benefits do consumer product firms derive by marketing internationally?

Competition with other companies can be maintained. Sales and profits can be enhanced. Life cycles of products can be extended.

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2 years ago
Question 3
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Answer:

OD All are signs of a serious gambling problem.

5 0
3 years ago
Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appra
netineya [11]

Answer:

Land 32,500

Explanation:

\left[\begin{array}{cccc}&fair \: value&percent&accounting\\land&35,000&0.1&32,500\\bulding&105,000&0.3&97,500\\paddleboats&210,000&0.6&195,000\\&350000&&325000\\\\\end{array}\right]

We will first calcualte the percent of each component of the real state.

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This is the amount we should enter the assets into accounting

3 0
4 years ago
Read 2 more answers
You buy a 6% coupon $1,000 par T-bond 59 days after the last coupon payment. Settlement occurs in two days. You become the owner
AfilCa [17]

Answer:

dirty price: 1,225.39

Explanation:

When we purchase the bond, we are paying the bond and the accrued interest

<em>bond price:</em> 1,000 x 120.59375/100 = 1,205.9375‬ = 1,205.94

accrued interest at purchase:

face value x bond coupon rate x time

1,000 par value x 6% x 59/(59+2+121) =

1,000 x 0.06 x 59/182 = <em>19,45</em>

Total amount for the bonds: 1,205.94 + 19.45 = 1,225.39

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3 years ago
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