Answer:
The correct answer is D.
Explanation:
Giving the following information:
Month - Lease cost - Machine hours
April: $15,000 - 800
May: $10,000 - 600
June: $12,000 - 770
July: $16,000 - 1,000
Using the high-low method, first, we need to determine the unitary variable cost. We need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (16,000 - 10,000) / (1,000 - 600)
Variable cost per unit= $15 per unit
Now, we can calculate the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 16,000- (15*1,000)
Fixed costs= $1,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 10,000 - (15*600)
Fixed costs= $1,000
Answer:
The below statement marks the company's vision.
In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.
Explanation:
Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.
<u>Vision of a company/organisation</u>
- Vision statement outlines what a company wants to be in the future.
- The Vision Statement focuses on the future
- It is a statement that is a source of inspiration and motivation.
- It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.
The vision of the foundation is as follows:
<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>
<em></em>
Vision is different from the mission:
<u>Mission statement:</u>
The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.
The mission of the foundation is as follows:
<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>
<em></em>
Answer:
Break-even level of output = 56
Explanation:
Given:
Annual Revenue = $1,300
Total Fixed cost = $28,000
Variable cost = $800
Computation of contribution:
Contribution = Sales - Variable cost
Contribution = Revenue - Variable cost
Contribution = $1,300 - $800
Contribution = $500
Computation of Break-even level of output:
Break-even level of output = Total Fixed cost / Contribution
Break-even level of output = $28,000 / $500
Break-even level of output = 56
Answer:
FV = 2,621,048.23
Explanation:
we will calcualte the future value of an annuity with an geometric progression:
g 0.03
r 0.092
C 5,356 ( we will save next year (52,000 x 1.03) the 10% )
n 39 (we start saving next year)
FV = 2,400,227.319
As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)
FV = 2,621,048.23
<span>The unique things that would separate me from other applicants applying for this job are the ff: (1) i do not care of the compensation but more on the learning i can gather at the end of the day; (2) it has always been my passion to the job; and (3) i want to share my skills and talents to the company as well.</span>
