The answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.
Answer:
$48,000
Explanation:
Computation for Brain's cash flows from operating activities
CASH FLOW FROM OPERATING ACTIVITIES
Net income$45,000
Add: Decrease in Account receivable $1,000
($23,000-$22,000)
Add: Increase in Account Payable $2,000
($26,000-$28,000)
Cash flows from operating activities $48,000
Therefore Brain's cash flows from operating activities would be: $48,000
Answer:
According to the OECD the total expenditure of the US government, including state and local is about a 38% of the GDP.
Explanation:
The federal government expends almost the 55% of the total and the remaining 45% the state and local government.
Answer:
Interest expense 2894.7 debit
discount on Bonds Payable 394.7 credit
cash 2500 credit
Interest expense 2906.55 debit
discount on Bonds Payable 406.55 credit
interest payable 2500 credit
Explanation:
We have to solve for the 2013 year which is one year after the issuance ofthe bonds.
We solve for the bond issuance price and then, we construct the bonds schedule and take the numbers from period 3 and 4.
Issuance proceeds: present value fo the coupon payment and maturity at market rate:
C 2,500.000
time 10
rate 0.03
PV $21,325.5071
Maturity 100,000.00
time 10.00
rate 0.03
PV 74,409.39
PV c $21,325.5071
PV m $74,409.3915
Total $95,734.8986
Now we will calcautlethe interest expense by multiplying carrying value by the market value and sutract from the cash outlay to determinate the amortization on the bonds.
Answer:
The fee that will be charged to Luke's account is the non-sufficient funds fee.
Explanation:
When an account holder decides to meet a certain financial demand, but the demand exceeds his/her account balance, then the bank will charge a non-sufficient funds fee on that transaction. This in most cases is due to the fact that the funds in that account might be not fully settled, thus the demand exceeds the expected available account balance.
Since the process of clearing a check or even making a purchase using the account is a service, the bank automatically charges for that service regardless of it being successful or not since the payment processing networks have to process the payments to determine the account holders information. This is a service that has to be paid for.
The account holder can however change the settings to his/her bank's overdraft policies. An overdraft policy can allow the customer to give the bank authority to cover the purchase but it always comes with hefty insufficient funds per transaction. The non-sufficient fee is typically about $35 per transaction. This means that the more one makes an overdraft authorization, the more the insufficient funds fee he/she accrues.
In our case, Luke decided to clear a check for $150 when his account balance was only $100. This means that he was $50 short. An insufficient funds fee will therefor be charged to his account.
