Answer:
1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Explanation:
1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.
Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?
The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
The answer is revenue stream.
Answer: Wages account debit
Wages payable account credit
Explanation:
Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.
In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.
Answer:
4 million houses
Explanation:
Opportunity cost is the forfeited benefit as a result of choosing one option over others. Its value equals the cost of the next best alternative.
The cost of constructing a new home is $150,000. If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.
To calculate the number of units= $600 billion divided by $150,000
= $600,000,000,000/ $150,000
=4,000,000
=4 million units
Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.
Explanation:
