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Vsevolod [243]
3 years ago
10

Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The

company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Business
1 answer:
Arisa [49]3 years ago
4 0

Answer:

$54,020

Explanation:

Total fixed costs = Fixed selling and administrative expenses

Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020

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According to Incoterms, the risk of loss under contract terms "FAS Name of Vessel" passes to the buyer when the goods are delive
AnnyKZ [126]

Answer: True

Explanation:

Free Alongside (FAS) is an International Commerce term (Incoterm) that is used to describe that a seller should deliver goods to within reach of a Buyer's transportation vessel so that it may be ready to be picked up by the Buyer's vessel easily.

"FAS Name of Vessel" means that the seller should deliver the goods next to the Vessel named so that it may then be re-loaded into the vessel. The risk therefore passes to the Buyer from the Seller once this is done.

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At​ ch2m hill, dan​ anderson, planning project​ manager, suggests that in a flat structure like​ theirs, at times project manage
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The style of leadership that most directly aligned with this behavior is SUPPORTIVE.
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3 years ago
Dabros Inc. is purchasing a new vapor depositor in order to make silicon chips. It will cost to buy the machine and $10,000 to h
____ [38]

Answer:

The answer is $1,402,000

Explanation:

Cost of an asset is the total cost of acquiring and asset plus the cost incurred in bringing the asset to a working condition e.g cost of transporting the asset to factory, cost of installation etc.

Cost of the machine is:

Cost of acquisition $4,000,000

Cost of installation. $10,000

Building a clean room. $3,000,000

Total cost is. $7,010,000

No salvage value

Useful life is 5 years

Cost of depreciation using the straight-line method is

(cost of the asset - salvage value) ÷ number of useful life

$7,010,000 ÷ 5

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6 0
3 years ago
In general, business writing should be _____.
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3 years ago
A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa
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Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

5 0
3 years ago
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