Answer:
Business Solutions
Second-quarter 2018
Fixed Budget Performance Report
Budgeted Actual
Variable expenses for desks $104,720 $104,720*
Variable expenses for chairs, $20,800 $20,800*
<u>Fixed expenses $34,000 $35,800</u>
<u>Total Expenses $159,520 $ 156,320 </u>
*Suppose the actual variable expenses are the same as budgeted variable expenses.
Explanation:
The variable expenses depend on the number of units of chairs and desks produced where as the fixed expenses remain constant irrespective of the no of units of production.
Variable expenses are those expenses that vary directly with the number of units produced ( example more desks and more chairs will require more material).
Answer:
Reagan’s claim that inflation rose sharply under Carter is supported by the data.
Explanation:
Correct on edg
Answer: Yes, because it is a contract whose terms prevent possible performance within one year
Explanation:
The Statute of Fraud mandates that certain contracts need to be written down. These contracts include the sale of land, amounts involving more than $500 and contracts that have a timeframe of over a year.
Melinda entered into a contract with terms that have to be fulfilled in more than a year. It is therefore under the Statute of Frauds.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Purchase Discounts $ 5,600 Freight - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system
Purchased= 200,010 + 7,800 - 5,600 - 6,400= $195,810
Answer:
The correct option will be a. Late Payment Fee
Explanation:
A late payment fee also know as late charge is a charged to a borrower who misses paying at the stipulated payment date based on the agreement. For you to avoid paying that fees, ensure that you pay at least the minimum amount by the due date. So among all fees stated, all are charges made by the bank, but the late charge fee is not included until u failed to make payment on time, while others are fixed charges put in place by the banks.
