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1 year ago

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a carpet company paid $2496 for an imported rug. Their operating expenses are 35% of cost. if they sell the rug at a clearance p

rice of $3663.60, find the amount of profit or loss

1 answer:

yuradex [85]1 year ago

3 0

I’m not sure but a calculator will help you. Actually you should look up websites that does your homework for u. It’s the best cheat sheet!

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Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the

omeli [17]

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

6 0

1 year ago

Which economic question is addressed by targeting teenage buyers?

AlexFokin [52]

"<span>For whom to produce?" is the one economic question among the following choices given in the question that </span><span>is addressed by targeting teenage buyers. The correct option among all the options that are given in the question is the first option. I hope that this is the answer that has actually come to your desired help.</span>

6 0

2 years ago

Ryan Co. sells major household appliance service contracts for cash. The service contracts are for a 1-year, 2-year, or 3-year p

ollegr [7]

Answer:

$475,000

Explanation:

The amount should be reported as unearned service contract revenues in Ryan's December 31, Year 1, and balance sheet will be the amount that has not expired in year 1 or outstanding service contracts that will expire in year 2 to year 4. Therefore,

Year 2 + Year 3 + Year 4 = $150,000 + 225,000 + 100,000 = $475,000 should be reported as unearned service contract revenues.

5 0

1 year ago

In 2009, Democratic President Barack Obama called on Congress to pass comprehensive health care reform. The goal of the legislat

stellarik [79]

Answer:

a. The party control of government when Congress passed legislation in 2014 to repeal the ACA was when Republicans gained majority seats in both chambers of Congress. This Republican control of Congress was the catalyst for the repeal of the ACA in 2014.

b. The Republican representative who cast a vote in favor of the ACA bill in 2009 followed strictly his constituency mandate.

c. When President Obama vetoed the ACA repeal, the Republicans could proceed to court to try to use the judicial branch of government to implement their legislative goals by requesting for constitutional interpretation of the repealed bill.

If this had happened, it would have seriously hampered the implementation and success of the Affordable Care Act for partisan reasons.

Explanation:

a) Congress is the legislative arm of government that makes the law. The executive implements the law. The judiciary is in charge of the interpretation and application the law to real situations. But when the President vetoes a bill, Congress can override the veto by ensuring that 2/3 of both chambers pass the law. Alternatively, Congress can ask for a judicial interpretation.

7 0

1 year ago

Which of the following is not a prohibited escrow-related activity? An escrow agent cannot disburse a real estate broker's commi

11111nata11111 [884]

Answer:

The correct option is escrow licensees may not solicit or accept escrow instructions containing any blank to be filled in after signing or initialing.

Explanation:

Escrow agreement involves a third party managing funds belonging to two or more parties in a transaction before the funds are disbursed to them.

One of the prohibited escrow related activity is that the agent cannot disburse the commission on real estate to beneficiaries prior to closing the escrow account.

8 0

1 year ago