The purpose of a lease is a rent. When you "lease" something, that's the business term of renting something ;-)
Answer:
The company's net income for the month was $27 comma 000
Explanation:
Net income = Total Sales - total expense
During the month of May,
Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000
The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.
The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000
Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000
The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.
Net income = $60,000 - $33,000 = $27,000
Answer:
![\left[\begin{array}{cccc}-&Actual&Variance&Flexible Budget\\Indirect labor&10,760&240F&11,000\\Indirect Materials&7,520&180F&7,700\\Utilities&3,950&450F&4,400\\Supervision&4,200&0&4,200\\dep&1,800&0&1,800\\Prop.taxes&600&0&600\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26Actual%26Variance%26Flexible%20Budget%5C%5CIndirect%20labor%2610%2C760%26240F%2611%2C000%5C%5CIndirect%20Materials%267%2C520%26180F%267%2C700%5C%5CUtilities%263%2C950%26450F%264%2C400%5C%5CSupervision%264%2C200%260%264%2C200%5C%5Cdep%261%2C800%260%261%2C800%5C%5CProp.taxes%26600%260%26600%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
Idirect labor 1
Indirect materials 0.7
Utilities 0.4
fixed per month
supervision 4,200
Dep 1,800
property taxes 600
Units produced
We multiply the variable components rate by the units produced. Then we calcualte the variances
Is c
Because is like your challenging them so it cant be any others
The answer would be false because uniform would mean there is a standard and different organizations have different priorities
