1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
2 years ago
14

Business solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. the $159

,520 budgeted expenses include $104,720 in variable expenses for desks and $20,800 in variable expenses for chairs, as well as $34,000 fixed expenses. the actual expenses include $35,800 fixed expenses. list fixed and variable expenses separately.
Business
1 answer:
xeze [42]2 years ago
4 0

Answer:

Business Solutions

Second-quarter 2018

Fixed Budget Performance Report

                                                  Budgeted              Actual

Variable expenses for desks $104,720              $104,720*

Variable expenses for chairs,   $20,800             $20,800*

<u>Fixed expenses                       $34,000                $35,800</u>

<u>Total  Expenses                      $159,520               $ 156,320 </u>

*Suppose the actual variable expenses are the same as budgeted variable expenses.

Explanation:

The variable expenses depend on the number of units of chairs and desks produced where as the fixed expenses remain constant irrespective of the no of units of production.

Variable expenses are those expenses that vary directly with the number of units produced ( example more desks and more chairs will require more material).

You might be interested in
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0
3 years ago
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui
faltersainse [42]

Answer:

Policies consistent with the goal of increasing productivity and growth in developing countries are:

1. Protecting property rights and enforcing contracts

2. Providing tax breaks and patents for firms that pursue research and development in health and sciences

Explanation:

To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts.  These are the bases for attracting more foreign direct investments.  The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property.  Without this basic ingredient, foreign direct investments will be hard to attract.

4 0
3 years ago
Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec
vichka [17]

Answer:

b. $290,000

Explanation:

The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:

= Net income reported on the income statement + decrease in account receivable

where,

Net income reported = $280,000

And, the decrease in account receivable is $10,000 ($70,000 - $80,000)

So, the cash flow from operating activities

= $280,000 + $10,000

= $290,000

The decrease in account receivable implies that more cash is come so it would be added and the same is shown above

5 0
2 years ago
Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.
Sergio039 [100]
The correct answer is C,
A good is said to have an inelastic supply if the suppliers did not have any choice than producing it even though the cost of production is high and the buyers did not have any choice than buying it even though it is expensive.
No one can do without shoes, even if they are expensive, we still need to buy them.
4 0
3 years ago
Read 2 more answers
The following sentence has a mistake.
vaieri [72.5K]

The correct answer is  B. Place the cursor after the first "t" in "important" and press Delete

Explanation:

The sentence "It is very importtant to proofread all documents carefully" has a spelling mistake; this means one of the words in the sentence is not written correctly. This word is "importtant" because according to language conventions this word is written as "important"; therefore the first "t" should be deleted. Besides this, other words are written correctly and the general sentence is grammatically correct. Thus, to correct the sentence "place the cursor after the first "t" in "important" and press Delete.

4 0
2 years ago
Other questions:
  • Consider the following transactions for Huskies Insurance Company: Equipment costing $34,200 is purchased at the beginning of th
    7·1 answer
  • Which one of the following would not cause a bank to debit a depositor's account? a.Checks marked NSF b.Wiring of the depositor'
    9·1 answer
  • Mike Samson is a college football coach making a base salary of $651,600 a year ($54,300 per month). Employers are required to w
    11·1 answer
  • Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as​ follows:
    7·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • Individual Activity 1: Marty and the Martins
    5·2 answers
  • Suppose your roommate. Clara is starting à room cleaning business on your campus. There are five potential workers. Each is will
    5·1 answer
  • Stealth Fitness Center issues 7%, 15-year bonds with a face amount of $200,000. The market interest rate for bonds of similar ri
    11·1 answer
  • fostering a leadership environment involves all of the following except: a. coaching b. building a shared vision c. empowering d
    15·1 answer
  • A marketing strategy that enhances the shopping experience for experiential shoppers is called ________.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!