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elena55 [62]
2 years ago
14

Cool Runnings operates a chain of frozen yogurt shops. The company pays $5,000 of rent expense per month for each shop. The mana

gers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost
Business
1 answer:
Elan Coil [88]2 years ago
5 0

Answer:

Variable cost

Explanation:

A variable cost is a corporate cost that adjustments with respect to creation yield. Variable costs increment or lessening relying upon an organization's creation volume; they ascend as generation increments and fall as creation diminishes.  

It is the corporate costs that change in direct extent to the amount of yield.

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Least-Squares Regression [LO5-11] [The following information applies to the questions displayed below.] Bargain Rental Car offer
ycow [4]

Answer:

I used an excel spreadsheet to calculate this:

the least squares regression line:

y = a + bx

y = $2,752 + 3.87x

where y = total cash wash costs and x = rental returns

fixed costs = $2,752 per month

variable cost = $3.87 per car washed            

Download pdf
5 0
2 years ago
Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60%
GuDViN [60]

Answer:

Cash Collection is $122,000

Receivable as on August 31, is $97,000

Explanation:

Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.

A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.

Download xlsx
5 0
2 years ago
The estimated demand for a good is Q = 3,600 - 12P + 0.6M - 2.5PR where Q is the quantity demanded of the good, P is the price o
Gnom [1K]

Answer:

c

Explanation:

a. Related goods can be complementray goods or substituted goods. In case of complementary goods, price of related good is inversely related to quantity demanded. In case of substituted goods, price of related good is directly related to quantity demanded.

b. It can be greater than 1.

c. It is always negative as relationship between price and quantity demanded is inverse.

d. It doesn't violate the law of demand

4 0
2 years ago
Kirova Company has provided the following information: Number of issued common shares, 990,000 Net income, $1,436,500 Number of
Anestetic [448]

Answer:

$1.7

Explanation:

From the question above Kirova company recorder the following information

Number of issued common shares is 990,000

Net income is $1,436,500

Number of authorized common share is 1,000,000

Weighted average income of outstanding common shares is 845,000

Number of treasury shares is 145,000

The formular to calculate the earning per share is

= Net income/Outstanding shares

Net income= $1,436,500

Outstanding shares= number of issued common shares- number of treasury shares

= 990,000-145,000

= 845,000

Therefore, the earnings per share can be calculated as follows

= 1,436,500/845,000

= $1.7

Hence Kirova's earning per share is $1.7

7 0
2 years ago
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
BARSIC [14]

Explanation:

The second closing entry is as follows

Income summary Dr $48,000

          To Depreciation Expense $25,000

           To Salaries expense $23,000

(Being the expenses account are closed)

While closing the expenses account we debited the income summary account with a total amount of expenses account and credited the expenses account individually with their amount

7 0
2 years ago
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