Answer:
See below
Explanation:
1). Intermittent Expenses
Occur at different times throughout the year and tend to be in large lump sums, like college tuition payments and car repairs.
Although intermittent expenses are irregular (do not occur monthly), the amounts involved are predictable.
2). Variable Expenses
Change in dollar amount every month and include things like utility bills,
gasoline and groceries
variable expenses are the business expenses that change as the production volume changes. Variable expenses are directly related to the output of a business.
3) Fixed expenses
Remain the same from month to months like rent and insurance premiums
Fixed costs are constant. They are not expected to change in the current financial year.
4) Discretionary Expenses
Things you don't necessarily need, like eating
Description costs are unnecessary or non-essintial expenses. A business or household will continue functioning even without the discretionary expenses.
Answer:
Date Account Titles and Explanation Debit Credit
Cash $27,500
Common stock $27,500
(Being shares issued at cash price recorded)
Common stock = 2,500 shares * $11
Common stock = $27,500
Answer: The correct answer is empathy!
Explanation:
She put herself in the customers shoes and voiced that she was understanding. She was also patient but they emphasized how considerate she was in the example, so empathy is the answer ;)
Answer:
$45,350
Explanation:
Follow the Company`s collection history to determine the November Cash Collection.
November Cash Collection :
Collected in month of sale - 15% x $45,000 $6,750
Collected for 1st month after sale - 60% x $51,000 $30,600
Collected for 2nd month after sale - 20% x $40,000 $8,000
Total $45,350
Therefore,
The cash Justin can expect to collect in November is $45,350
Answer:
Predetermined manufacturing overhead rate= $8.3 per machine hour
Explanation:
Giving the following information:
Total machine-hours 80,000
Total fixed manufacturing overhead cost $416,000
Variable manufacturing overhead per machine-hour $ 3.10
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (416,000/80,000) + 3.1
Predetermined manufacturing overhead rate= $8.3 per machine hour