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ankoles [38]
2 years ago
4

Susie operates a restaurant in the ski resort town of asvail. she has decided to group her other expenses categories in terms of

either fixed expenses or variable expenses. place an x in the variable expense column for those expenses that vary with sales volume. for expenses that do not vary with sales, place an x in the fixed expense column.
Business
1 answer:
Sergio039 [100]2 years ago
4 0

We could use more detail, but generally fixed expenes occur regardless of sales. Expamples of fixed expenses include rent or utilities. Variable expenes occur with every sale. Examples include food.

You might be interested in
Cardiff and Delp is an architectural firm that provides services for residential construction projects. The following data perta
Ganezh [65]

Answer:

Activity Rates

Consultation  $150

Drawings        $58

Modeling         $0.7

supervision       $190

Billings              $1037.5

Collections       $1642.5

Total overhead allocated: $ 126,826

Explanation:

First, we divide the cost of each activity over the base total to get the rate.

\left[\begin{array}{ccccc}$Activity&Driver&cost&Total&Rate\\$Consultation&$contact hours&315000&2100&150\\$Drawings&$desing hours&104400&1800&58\\$Modeling&$square feet&32200&46000&0.7\\$supervision&$days&228000&1200&190\\$Billings&$jobs&8300&8&1037.5\\$Collections&$jobs&13140&8&1642.5\\\end{array}\right]

Now we apply this rate against the job activity measurement:

\left[\begin{array}{ccccc}$Activity&Job&$Rate&$Allocated\\$Consultation&410&150&61500\\$Drawings&352&58&20416&\\$Modeling&7400&0.7&5180&\\$supervision&195&190&37050&\\$Billings&1&1037.5&1037.5&\\$Collections&1&1642.5&1642.5&\\$Total&&&126826&\\\end{array}\right]

3 0
2 years ago
Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, month note for the re
VARVARA [1.3K]

Answer:

Find below complete question:

Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month note for the remaining balance. The truck is expected to depreciate $6,000 each year. Janus Coat Company prepares monthly  financial statements. Instructions:

(a)  Prepare the general journal entry to record the acquisition of the delivery truck on June 1st. (b)  Prepare any adjusting journal entries that should be made on June 30th. (c)  Show how the delivery truck will be reflected on Janus Coat Company's balance sheet on June 30th.

Dr  Truck          $30,000

Cr Cash                                  $10,000

Cr notes payable                   $20,000

Dr depreciation expense         $500

Cr accumulated depreciation                  $500

Dr interest expense               $100

Cr interest payable                             $100

Balance sheet extract on 30th June"

Delivery truck                               $30,000  

Accumulated depreciation              ($500)

Net book value                            $29,500

Explanation:

The journal entry to record the purchase of the truck would have $30,000 debited to truck account while cash and notes payable are credited with $10,000 and $20,000 respectively.

On 30 June depreciation expense =$6000/12=$500

Interest of one month on the note payable on 30th June=$20,000*6%*1/12=$100

5 0
2 years ago
I'm having a difficult time with my accounting workbook. I post the adjusting entries, but my balance sheet never equalizes. Can
Marta_Voda [28]

Answer:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

                                        Unadjusted           Adjusting          Adjusted

                                      Trial balance             Entries         Trial balance

                                   Dr                Cr  ref   Dr         Cr  ref   Dr            Cr

Cash                          67,520.04           3   1,000              68,520.04

Accounts Receivable 68,519.91                                         68,519.91

Other Receivable -

Insurance Baking

 Supplies                  15,506.70                                         15,506.70

Merchandise

 Inventory                  1,238.07             1  3,175             1     4,413.07

Consignment

 Inventory                                            2   200             2      200

Prepaid Rent             2,114.55                                             2,114.55

Prepaid Insurance    2,114.55                                             2,114.55

Misc. Supplies             170.49                                               170.49

Baking Equipment 14,000.00              4  2,000          4 12,000.00

Accumulated Depreciation   1,606.44 4                      4                    406.44

Customer Deposit

- Accounts Payable            20,262.11                                           20,262.11

Wages Payable                     3,383.28                                            3,383.28

Interest Payable                        211.46                                                211.46

Notes Payable                     5,000.00                                           5,000.00

Common Stock                 20,000.00                                        20,000.00

Beginning Retained

 earnings                           50,144.84                                          50,144.84

Dividends                        105,000.00                                       105,000.00

Bakery Sales                   327,322.55                                      327,322.55

Merchandise Sales              1,205.64                                           1,205.64

Cost of Goods

Sold - Baked 105,834.29                                         105,834.29

Cost of Goods

Sold -

 Merchandise    859.77                                                 859.77

Rent Exp.       24,549.19                                            24,549.19

Wages Exp.   10,670.72                                             10,670.72

Misc. Supplies

 Expense       3,000.46                                              3,000.46

Business

License

Expense       2,045.77                                               2,045.77

Misc.

 Expense      1,363.84                                                1,363.84

Depreciation

 Expense        677.86                                                  677.86

Insurance

 Expense      1,091.08                                                1,091.08

Advertising

Expense     1,549.74                                                 1,549.74

Interest

 Expense       818.31                                                     818.31

Telephone

Expense      490.98                                                   490.98

Gain/Loss on

disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

Explanation:

a) Data and Calculations:

PEYTON APPROVED

TRIAL BALANCE

As of December 31, 2017

Unadjusted trial balance Adjusting entries Adjusted trial balance

Dr Cr ref Dr Cr ref Dr Cr

Cash 67,520.04 67,520.04

Accounts Receivable 68,519.91 68,519.91

Other Receivable - Insurance Baking Supplies 15,506.70 15,506.70

Merchandise Inventory 1,238.07 1,238.07

Consignment Inventory Prepaid Rent 2,114.55 2,114.55

Prepaid Insurance 2,114.55 2,114.55

Misc. Supplies 170.49 170.49

Baking Equipment 14,000.00 14,000.00

Accumulated Depreciation 1,606.44 1,606.44

Customer Deposit - Accounts Payable 20,262.11 20,262.11

Wages Payable 3,383.28 3,383.28

Interest Payable 211.46 211.46

Notes Payable 5,000.00 5,000.00

Common Stock 20,000.00 20,000.00

Beginning Retained earnings 50,144.84 50,144.84

Dividends 105,000.00 105,000.00

Bakery Sales 327,322.55 327,322.55

Merchandise Sales 1,205.64 1,205.64

Cost of Goods Sold - Baked 105,834.29 105,834.29

Cost of Goods Sold - Merchandise 859.77 859.77

Rent Expense 24,549.19 24,549.19

Wages Expense 10,670.72 10,670.72

Misc. Supplies Expense 3,000.46 3,000.46

Business License Expense 2,045.77 2,045.77

Misc. Expense 1,363.84 1,363.84

Depreciation Expense 677.86 677.86

Insurance Expense 1,091.08 1,091.08

Advertising Expense 1,549.74 1,549.74

Interest Expense 818.31 818.31

Telephone Expense 490.98 490.98

Gain/Loss on disposal of equipment 429,136.32 429,136.32 - - 429,136.32 429,136.32

b) The adjustments are made in the Adjusting entries column and referenced accordingly, while the effect is reflected in the adjusted trial balance column.

3 0
2 years ago
Which of the following tasks in the AFIstrategy framework involves putting the formulated strategy into practice through organiz
ahrayia [7]

Answer:

The answer is B.strategy implementation

Explanation:

Implementation involves putting the formulated strategy ; organizational design, structure, culture, control

3 0
2 years ago
Merck is one of world's biggest pharmaceutical companies. It originated in Germany late in the seventeenth century with operatio
Bogdan [553]

Answer:

c. This is not plagiarism

Explanation:

Although the fact that Merck operates in charitable ventures may be implied in the source material, this is not plagiarism as it is not said how exactly Merck "inspires people throughout the organization". The student material also refers to different facts which are not found in the source material. Therefore, it is not plagiarism.

6 0
2 years ago
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