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3 years ago

FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31:

Business

1 answer:

suter [353]3 years ago

4 0

Answer and Explanation:

The preparation of the income statement is presented below:

Revenue $26,300

Expenses:

Depreciation expense $985

Fuel expense $3,438

Maintenance and repairs expense $1,675

Other expense(income) net $5,319

Provision for Income taxes $857

Purchased Transportation $1,281

Rentals and Landing fees $1,862

Salaries and Employee benefits $9,387

Net income $1,496

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Which of the following is not an example of price discrimination by the only movie theater in town?

malfutka [58]

Answer: Charging one price at all times for all customers (D)

Explanation:

Price discrimination is a pricing strategy where identical or similar goods or services are sold at different prices by the same producer to the customers. In price discrimination, companies charge customer different prices based on the willingness and ability of the customers to pay.

This can be seen on cinemas as people are charged different prices and airline companies. In the question above, charging a lower price for children, matinees and people over 65years are price discrimination. For price discrimination not to exist, everyone must pay the same price for enjoying similar good or service.

5 0

3 years ago

Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&M Com

OLEGan [10]

Answer:

a. Is Cox liable to Cayer?

b. Are independent contractors the same as employees?

c. What is the difference?

Ovalles cannot be considered Cox's employee because Cox didn't control the performance of Ovalles and didn't have contact with him.

Independent contractors are not covered by labor and employment laws, and they are responsible for paying their own taxes, including self-employment taxes. A contractor does not work on a salary basis, their work and pay must be specified in a contract.

Explanation:

This is an actual court case where the Supreme Court of Rhode Island ruled in favor of Cox Communications in February, 2014.

The court ruled that Ovalles was an employee for M&M, and that M&M had an independent contractor relationship with Cox Communications. Additionally, Ovalles was also an independent contractor for M&M, not an employee. There existed no direct relationnship between Cox and Ovalles.

Even though Ovalles and other independent contractors use both Cox's and M&M's logos on their vans and uniforms, this was done so consumers could identify them. The fact that an identification is needed so customers can determine the function of a technician, doesn't imply that those technicians are actually employees of the firm nor they actually a method of control over the technicians.

Since Cox didn't control the performance of Ovalles and didn't have contact with him, then there was no reason to consider him an employee of Cox.

The plaintiff, Barbara Cayer probably made a mistake when it included Cox in the lawsuit (since it is a large company), and she would have had a better case against M&M because that company did have control over Ovalles's performance and did have contact with him. But since M&M was a much smaller firm, they decided to go after the big fish. Later they tried to include M&M into the lawsuit but it was rejected since the Supreme Court had not made their ruling yet.

8 0

3 years ago

Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances at the beginning and end

Jet001 [13]

Answer:

a schedule of cost of goods manufactured

Direct Raw materials $281,000

Direct Labor $377,000

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Add Opening Work In Process $27,000

Less Closing Work In Process ($9,000)

cost of goods manufactured $928,000

Under Recovery = $14,000

Explanation:

a. Prepare a schedule of cost of goods manufactured.

Raw Materials Used in Manufacturing = $14,000+$315,000-$22,000

= $307,000

a schedule of cost of goods manufactured

Direct Raw materials $281,000

Direct Labor $377,000

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Add Opening Work In Process $27,000

Less Closing Work In Process ($9,000)

cost of goods manufactured $928,000

b. Was the manufacturing overhead under- or overapplied

Factory Overheads Applied = Predetermined Rate × Actual Activity

Predetermined Rate = Budgeted Overheads/ Budgeted Activity

= $231,000/33,000 machine hours

=$7.00 per machine hour

Factory Overheads Applied = $7.00 × 34,000 machine hours

= $238,000

Actual Overheads

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Total $252,000

Actual Overheads $252,000 > Factory Overheads Applied $238,000

Under Recovery = $14,000

5 0

3 years ago

Can someone think of a company that cost up to at least 100k that doesn’t exist

Drupady [299]

Answer: A company that what at least cost a 100k is an oil rig

Explanation: The reason why i say that for is because they make a lot of money and then they have to produce the oil and some of that money goes on the rig and to the workers that work there.

7 0

3 years ago

NEED ASAP PLEASE

nignag [31]

The answer is B. Hope this helps.

7 0

3 years ago

Read 2 more answers