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kati45 [8]
3 years ago
7

DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s

alary of $66,500 annually and one salaried estimator who is paid $50,000 annually. The corporate office has two office administrative assistants who are paid salaries of $61,750 and $46,750 annually.
The president's salary is $169,500. How much of these salaries are common fixed expenses?

a.$169,500

b.$278,000

c.$108,500

d.$330,500
Business
2 answers:
Nataly_w [17]3 years ago
5 0

Answer:

b. $278,000

Explanation:

A fixed cost that supports the functions of more than one segment of the business but it is not directly attributable to any specific segment.

The Salary of office administrative assistants and  President's salary is a common fixed cost because they perform for the multiple segment of the business and Not Directly attributable to any single segment. Whereas Site Supervisor and Estimator are working on a specific project / segment. So their cost will be project's fixed cost.

Common fixed Expense = office administrative assistant's Salary + President's Salary = $61750 + $46,750 + $169,500 = $278,000

labwork [276]3 years ago
3 0

Answer:

Correct option is B.

$278,000

Explanation:

Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary

Common Fixed Expenses = $61,750 + $46,750 + $169,500

Common Fixed Expenses = $278,000

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ankoles [38]

Answer: a deduction from net income of $1,500,000.

Explanation:

Based on the statements provided in the question, it should be noted that Jim Shorts Corporation should report a deduction from net income of $1,500,000 on the statement of cash flows prepared by the indirect method.

It should be noted that the caah flow statement would start the accrual basis of the net income under an indirect method of the cash flow and then, all the non-cash items would either be added or subtracted in order for the reconciliation of account.

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3 years ago
Federal subsidies that are only given to dairy farmers who own more than one hundred cows may raise concerns about the ______ of
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Answer:

The correct word for the blank space is: equity.

Explanation:

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6 0
3 years ago
On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 10% interest and is due in
professor190 [17]

Answer:

31 Dec 2021  Interest Expense              $667 Dr

                           Interest Payable                 $667 Cr

Explanation:

The bond will pay the interest at maturity. However, following the accrual basis of accounting requires to match the revenue and expenses for a period and requires such transactions to be recorded in their respective periods. The year end adjusting entry will be made on 31 December 2021.

The interest expense for the period from August to December, 5 months, will be recorded on 31 December 2021 as interest expense and credit to interest payable.

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3 0
3 years ago
Effective managers understand the importance of clear communication using different channels to advance the _________ strategy.
algol13

Effective managers understand the importance of clear communication and hence use different channels to advance the<u> organizational communication strategy</u>

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Communication strategy refers to the plans for speaking statistics associated with a selected issue, event, situation, or audience. They function as the blueprints for speaking with the public, stakeholders, or maybe colleagues.

<u></u>

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4 0
2 years ago
Santora Company manufactures two productslong dash—toaster ovens and bread machines. The following data are​ available:
denpristay [2]

Answer:

Thus to maximize profit, Santora Company should manufacture Bread machine only.

The unit of Bread machine can be produced in 2,000 machine hours is 8,000 units

Explanation:

The profit for Toaster Ovens and Bread Machines is $10 and $90 respectively; thus  

six toaster ovens per machine hour will generate profit of $60 = ($10 *6)

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In the same machine hour the profit from Bread machines are significantly higher then Toaster over. Thus to maximize profit, Santora Company should manufacture Bread machine only.

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The profit for 8,000 units of Bread machine is $720,000 = (8,000 * $90)

3 0
3 years ago
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