Answer:
The correct answer is B.
Explanation:
Giving the following information:
Month Number of snow cones Total operating costs
January 6,400 $5,980
February 7,000 $6,400
March 5,000 $5,000
April 6,900 $6,330
May 9,000 $7,000
June 7,250 $6,575
To calculate the fixed costs using the high-low method, first, we need to calculate the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (7,000 - 5,000) / (9,000 - 5,000)= $0.5 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 7,000 - (0.5*9,000)= 2,500
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 5,000 - (0.5*5,000)= 2,500
The Answer is A) 1.1 Years and the equation for this is 560(1+.12)^? Then plug the answers into the equation and find the one that works 634.348 is what you get from 1.1 but since it’s the closest it’s the answer.
Answer:
Acme's current balance of accounts payable is $6000
Explanation:
The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.
The closing balance can thus be calculated as:
Closing balance = Opening balance + Credit purchases - Payment to Accounts payable
Closing balance = 3000 + 4000 - 1000
Closing balance = $6000
Answer:
This question lacks answers. Here they are:
A) Early adopter
B) Early majority
C) Innovator
D) Late majority
E) Laggard
Answer is B) <em>Early majority </em>
Explanation:
These are the adoption categories. They measure how inclined a customer is to adopting a new product or technology. Each category describes the main aim and goal of the customer when trying the new product.
Naturally, all categories are on the gradual scale:
Innovators -> Early adopter -> Early majority -> Late Majority - > Laggard
with the <em>innovator</em> being the group that is adopting the product immediately after launch, while the <em>laggard</em> is very change-resistant, rarely making choices regarding the adoption of something new.
The thinnest line is probably the difference between <em>early adopters</em> and the <em>early majority</em>. Early adopters are not as fast as innovators when it comes to product adopting and they are often doing it because of coolness or the "wow" factor of the product. Although the time of adoption for the early majority is the same or a little bit longer than early adopters, the key difference is that the early majority puts functionality over coolness when something is new and ready for adoption.
In this example, Ariana want to receive great functionalities for the given money, so she turns to ratings, reviews and recommendations from early adopters and innovators (Eric). Eventually, when it is determined that the product proves its value, the early majority adopts it.
Answer:
Accounting revenue = $7,500,000
Tax revenue = $5,000,000
Explanation:
Contribution margin is net of Sales price and variable cost per unit.
Break-even is the level of sales at which the business have no profit no loss. At this point business only covers the the variable and fixed cost.
Average contribution = (Revenue from Accounting x Contribution of accounting services ) + (Revenue from Tax x Contribution of Tax services )
Average contribution = (60% x 30%) + (40% x 40%) = 18% + 16% = 34%
Revenue at break-even = Fixed cost / Contribution margin ratio
Revenue at break-even = $4,250,000 / 34% = $12,500,000
Accounting revenue = $12,500,000 x 60% = 7,500,000
Tax revenue = $12,500,000 x 40% = 5,000,000
