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Andreyy89
3 years ago
14

Taussig Snow Removal's cost formula for its vehicle operating cost is $1,880 per month plus $394 per snow-day. For the month of

February, the company planned for activity of 13 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,250. The activity variance for vehicle operating cost in February would be closest to:
Business
1 answer:
arsen [322]3 years ago
3 0

Answer:

$394 U

Explanation:

Calculation for the activity variance for vehicle operating cost in February would be

First step is to calculate the Flexible budget

Flexible budget= $1,880 + ($394 × 14)

Flexible budget=$7,396

Second step is to calculate the Planning budget

Planning budget= $1,880 + ($394 × 13)

Planning budget=$7,002

Last step is to calculate the activity variance for vehicle operating cost in Februar

Activity variance=Flexible budget $7,396-Planning budget $7,002

Activity variance=$394 U

Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.

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Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca
Firdavs [7]

Answer:

13.75%

Explanation:

Calculation for what will be the company's return on equity

First step

Asset Turnover Ratio= Net Sales / Total Assets ------(1)

Given Asset Turnover Ratio =2.7

=> 2.7 = 4,000,000/ Total Assets (from equation 1)

=>Total Assets = 1,481,481 ------(2)

Second step

ROE = Net Income / Equity

Net Income = (EBIT - Interest Charges) *(1-tax rate)

Net Income = (356,000 -168,000) *(1-35%)

Net Income = $122,200 --------(3)

Equity = Total Assets *(1-debt ratio)

Equity = 1,481,481*(1-0.4) = $888,889 --------(4)

From equation 3 and 4

ROE = Net Income / Equity

ROE= 122,200/888,889

ROE =0.1375*100

ROE=13.75%

Therefore ROE will be 13.75%

5 0
2 years ago
Jing-Sheng facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to di
dedylja [7]

Answer:

The correct answer is D. participative.

Explanation:

Participation is nothing other than decision making among the subjects that integrate a task or project. It is a way of assuming roles and interacting in a context in which specific objectives have previously been set.

Participating implies consensus, debate, exchange of ideas, assumption of positions and, in some cases, negotiation. It is also diversity, openness, active listening, dialogue, inclusion and greater horizontality.

The participatory leadership model is quite useful for those processes that are not focused only on results. Also in cases where these are complex tasks that must have more than one opinion.

4 0
3 years ago
For which expense do state governments provide financial help to their local governments?
jeka94

expensive...............................

7 0
3 years ago
Read 2 more answers
Erin bought stock with company XYZ, deposited money in a CD account, and started investing on a regular basis in a mutual fund.
faust18 [17]

It is true that Erin has a diversified portfolio as he invest in different investment.

<h3>What is a Portfolio diversification?</h3>

This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.

Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.

Read more about diversification

<em>brainly.com/question/417234</em>

#SPJ1

5 0
2 years ago
A nonprofit government corporation is considering two alternatives for generating power. The useful life of both alternatives is
kondaur [170]

Answer:

Note <em>The full question is attached as picture below</em>

<em />

a. B-C ratio = Equivalent annual worth of Benefits / Equivalent annual worth of costs

<u>Alternative A</u>

B-C ratio = Equivalent annual worth of Benefits for alternative A / Equivalent annual worth of costs for alternative A

B-C ratio = (Power Sales + Annual benefits from new industry) / ((Capital cost * Annuity factor(5%,50 years)) + Operating and maintenance costs costs)

B-C ratio = ($1,000,000 + $500,000) / (($20,000,000*(0.05 / (1 - 1.05^(-50))) + $200,000)

B-C ratio = ($1,500,000 / ($1,095,534.71 + $200,000))

B-C ratio = $1,500,000 / $1,295,534.71

B-C ratio = 1.1578

B-C ratio = 1.16

<u>Alternative B</u>

B-C ratio = Equivalent annual worth of Benefits for alternative B / Equivalent annual worth of costs for alternative B

B-C ratio = (Power Sales + Sum of all Annual benefits) / ((Capital cost*Annuity factor (5%,50 years)) +  Operating and maintenance costs costs)

B-C ratio = ($800,000 + $600,000 + $400,000 + $200,000 + $100,000) / ($30000000 *(0.05/(1-1.05^(-50))) + $100,000)

B-C ratio = $2,100,000 / ($1,643,302 + $100,000)

B-C ratio = 1.2046

B-C ratio = 1.20

Conclusion: Alternative B should be selected because it has higher B/C ratio.

b Incremental B-C ratio for final pair = (Equivalent Annual Benefits of B - Equivalent Annual Benefits of A) / (Equivalent annual costs of B - Equivalent annual costs of A)

Incremental B-C ratio for final pair = ($2,100,000 - $1,500,000) / ($1,743,302 - $1,295,534.71)

Incremental B-C ratio for final pair = $600,000 / $447,767.29

Incremental B-C ratio for final pair = 1.339982

Incremental B-C ratio for final pair = 1.34

3 0
3 years ago
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