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DanielleElmas [232]
3 years ago
10

Witten Corporation is a service company that measures its output by the number of customers served. The company has provided the

following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Customer Served Revenue $ 6,600 Employee salaries and wages $ 55,100 $ 1,000 Travel expenses $ 600 Other expenses $ 43,100 A total of 27 customers were actually served during January. The revenue in the company's flexible budget for January would have been closest to:
Business
1 answer:
Aleonysh [2.5K]3 years ago
4 0
55628 is the budget in augest
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Willis Company had $200,000 in credit sales for 2016, and it estimated that 2% of the credit sales would not be collected. The b
HACTEHA [7]

Answer:

True

Explanation:

It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts  estimated.

The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000

Credit Sales $ 200,000

Cr Allowance for Uncollectible Accounts $ 4,000

Dr Accounts receivable $ 38,000

Net Realizable Value of Accounts receivable $ 34,000

7 0
4 years ago
Year to date, Company Y had earned a 10.8 percent return. During the same time period, Company R earned 12.20 percent and Compan
Monica [59]

Answer:

8.82%

Explanation:

The computation of the portfolio return is shown below:

Portfolio return = Respective returns ×Respective weights

= (10.8 × 0.45) + (12.2 × 0.35) + (-1.56 × 0.20)

= 8.82%

Hence, the portfolio return is 8.82%

We simply applied the above formula so that the portfolio return could come

And, the same is to be considered

8 0
3 years ago
Lead indicators guide management to: Multiple Choice pursue identical strategies as those implemented with lag indicators. take
zheka24 [161]

Answer:

take actions now that will have positive effects on organizational performance in the future.

Explanation:

Lead indicators can be defined as an economic indices such as level of company stock prices or corporate profits, which usually changes before any significant corresponding change in the state of an economy. Thus, leading indicators serves as leaders or drivers for a business firm or organization.

Generally, lead indicators guide management to take actions now that will have positive effects on organizational performance in the future because they are variables that corresponds to a future variable of interest.

5 0
3 years ago
Future Corporation has a single product; the product selling price is $100 and variable costs are $60. The company’s fixed expen
Thepotemich [5.8K]

Answer:

$25,000

Explanation:

The computation of the  break-even point in sales dollars is shown below:

Break even point = (Fixed expenses) ÷ (Profit volume Ratio)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $100 - $60

= $40

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = ($40) ÷ ($100) × 100 = 40%

And, the fixed expenses is $10,000

Now put these values to the above formula  

So, the value would equal to  

= ($10,000) ÷ (40%)  

= $25,000

5 0
3 years ago
What is demand in marketing?
solniwko [45]

<em><u>Market demand is the total quantity demanded across all consumers in a market for a given good. Aggregate demand is the total demand for all goods and services in an economy.</u></em>

5 0
3 years ago
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