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grandymaker [24]
3 years ago
15

Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c

ost formula for catering supplies is $500 per month plus $76 per job plus $14 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in June to be 17 jobs and 147 meals, but the actual activity was 13 jobs and 144 meals. The actual cost for catering supplies in June was $3,340. The catering supplies in the planning budget for June would be closest to:
Business
1 answer:
sertanlavr [38]3 years ago
6 0

Answer:

$3,504

Explanation:

Catering supplies = $500 + $76 x j + $14 x m

where,

j = number of jobs in a month

m = number of meals in a month

therefore,

Planning budget for June, use the Actual number of jobs and meals into the formula (Actual Activity).

June Catering supplies = $500 + $76 x 13+ $14 x 144

                                       =  $3,504

Conclusion

The catering supplies in the planning budget for June would be closest to $3,504.

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A zero coupon bond with a face value of $1,000 is issued with an initial price of $415.50. The bond matures in 10 years. What is
aliina [53]

Answer:

$38.14

Explanation:

The yield to maturity on the bond can be computed using the rate formula in excel as shown below:

=rate(nper,pmt,-pv,fv)

nper is the bond life measured in years which is 10

pmt is the annual coupon payment since the bond zero coupon ,pmt is $0

pv is current price of the bond which is $415.50

fv is the face value of the bond i.e $1000

=rate(10,0,-415.50,1000)=9.18%

implicit interest in dollars for first year=cash proceeds*yield to maturity

cash proceeds which is the same as price of bond is $415.50

implicit interest in dollars=$415.50*9.8%=$38.14  

                                   

3 0
3 years ago
When organizing the outline for your speech, you should first identify at least five major ideas you want your audience to remem
denis23 [38]
<h2>Yes the given statement is true.</h2>

Explanation:

A speech with the best pointers gets succeeded rather than the lengthier speech which does not have any highlights.

When we are presenting a speech, content is the first things that comes right in front of us, then comes the body posture, gestures, tone of voice, etc.

It is important to google for a best pointers, which is rarely known, few facts, few positive aspects, the challenges so that the speech will attract mass listeners.

The content gets successful only with the help of gestures and tone of voice. So we need major ideas and good tone of voice along with good gestures.

4 0
3 years ago
Develop the output indices of the Nouveau Cattle Slaughtering Plant (base year 2007).
Elan Coil [88]

Answer and Explanation:

The development of output indices for the plant is presented below:

For Base Year 2007

Index with output 100000 (Presumed)  100

For Output index 2009

(180000 ÷ 100000) × 100         180

For Output index 2010

(250,000 ÷ 100,000) × 100      250

For Output index 2011

(200,000 ÷ 100,000) × 101       200

In this way,  it should be developed

7 0
3 years ago
Sheridan Company's trial balance reflected the following account balances at December 31, 2017:
zalisa [80]

Answer:

$143,700

Explanation:

Current assets in Sheridan Company's trial balance are;

Accounts receivable (net) = $37,000

Trading securities = $11,500

Cash = $33,000

Inventory = $58,500

Prepaid expenses = $3,700

Total current assets = $37,000 + $11,500  + $33,000  + $58,500  + $3,700

                                 = $143,700

The right answer is not given as an option.

7 0
4 years ago
Classifying costs as materials, labor, or factory overhead OBJ. 2 Indicate whether each of the following costs of an automobile
ExtremeBDS [4]

Answer:

a. Wheels are direct material cost as are essential for the automobile to complete, as the cars one of the main equipment is wheels as it will not work without wheels.

b. Glass used in vehicle's windows are also direct material cost, as the material is directly used in automobiles to complete it.

c. Wages are direct labor cost, as to make an automobile labor need to work on the process and assemble all the materials properly in the automobile and then they re paid wages in exchange.

8 0
3 years ago
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