The value and cost of goods are easiest to determine when the goods are private goods.
And the best answer is D.
It will help you.
Answer:
The "Employee salaries and wages" in the flexible budget for December is $85,200
Explanation:
To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:
= (Fixed element of employee salaries and wages) + (variable element of employee salaries and wages × number of wells service during the year)
= ($56,400) + ($900 × 32 wells)
= $56,400 + $28,800
= $85,200
Other information which is given in the question is irrelevant, thus it is not considered in the computation part.
Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200
Answer:
We can first order the data from smallest value to largest value:
461
549
745
1500
1800
2000
3750
4795
68000
a) The mean is 9289, and the median is 1800
b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.
c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.
Answer:
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.
Explanation:
If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card. Therefore, she will bear the full cost. However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.
Answer:
Operating profit = $147,500
Explanation:
Missing question is <em>"What is the total operating profit?</em>
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Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses
Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000
Operating profit = 5,000*$37.5 - $40,000
Operating profit = $187,500 - $40,000
Operating profit = $147,500
