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melisa1 [442]
3 years ago
5

Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, to

tal maintenance costs averaged $33.40 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $30.40. On the basis of this information, the fixed cost was:
Business
1 answer:
Mars2501 [29]3 years ago
5 0

Answer:

$550,000

Explanation:

The computation of the fixed cost is shown below:

But before that the variable cost per hour is

= (25,000 ×$30.40 - 22,000 × $33.40) ÷ (25,000 - 22,000)

= ($760,000 - $734,800) ÷ (3,000)

= $8.4

Now the fixed cost is

= $760,000 - (25,000 × $8.4)

= $550,000

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Se the following account balances from the adjusted trial balance of Gees Catering:
S_A_V [24]

Answer:

The amount that Gees Consulting would report as the ending balance in the R. Gees, Capital account at the end of the year is $8,000

Explanation:

For computing the ending balance of capital account, first, we have to compute the net income or loss which is shown below:

Net income/loss = Fees revenue - salary expense - rent expense - supplies expense

= $10,000 - $7,000 - $6,000 - $6,000

= ($19,000)

Now the ending balance would be

= Opening capital - net loss -  drawings

= $18,000 - $9,000 - $1,000

= $8,000

8 0
3 years ago
You made an investment of $16,500 into an account that paid you an annual interest rate of 2.8 percent for the first 7 years and
iragen [17]

Answer:

0.05712790 or 5.71%

Explanation:

Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1

n1 is the time period in which annual interest rate =2.8%

n2 is the time period in which annual interest rate =7.2%

So, n1 = 7 years and n2 = 14 years

= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1

= (1.21325420 x 2.64683577) ^ 1 / 21 - 1

= 1.05712790 - 1

= 0.05712790 or 5.71%

4 0
3 years ago
Suppose the market for money, drawn with the value of money on the vertical axis and the quantity of money on the horizontal axi
ycow [4]

If the money supply increases, then at the old value of money there is an excess supply of money that will result in an increase in spending. The entire amount of money in circulation in an economy at any given time is referred to as the money market.

<h3>What is money market?</h3>

The money market is defined as dealing in debt with a maturity of less than one year. Investors use it to make a modest profit.

While governments and corporations use it to keep their cash flow constant. Long-term debt and equity instruments are sold and bought on the capital market.

Thus, excess supply of money that will result in an increase in spending.

For more details about money market, click here

brainly.com/question/22935024

#SPJ1

4 0
2 years ago
2years ago father's age was nine time the son's age but 3 years later it will be 5 times only. Find the present age of father an
klemol [59]

Answer:

Present ages of the father is 29 and the son is 5

Explanation:

Please give brainliest and thank me

3 0
3 years ago
A colleague has written a section of the main body in of the same financial report. He had a long paragraph with lots of numbers
Leya [2.2K]

Answer:

The Correct Answer is C.

Graphics

Explanation:

The Advantages of using Graphics in presentation or reports are such as:

  • Graphics can help illustrate some topics better than the diagrams or static texts.
  • Graphics is portable and editable.
  • Graphics can gain and hold attention.
  • Interactivity can help in the learning process which makes it much easier and understandable.
  • Entertaining as well as Educational.
  • Hyperlinks to other websites, documents, reports, and presentations.

7 0
4 years ago
Read 2 more answers
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