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garri49 [273]
2 years ago
6

Sathre Corporation is an oil well service company that measures its output by the number of wells serviced. The company has prov

ided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well Serviced Revenue $ 4,500 Employee salaries and wages $ 56,400 $ 900 Servicing materials $ 700 Other expenses $ 35,400 When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced. However, 32 wells were actually serviced during December. The "Employee salaries and wages" in the flexible budget for December would have been closest to:
Business
1 answer:
Andre45 [30]2 years ago
6 0

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

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As a new salesperson for a textbook publisher, Kylie is creating a list of professors that decide what texts their schools use.
spayn [35]

Answer: Option D

Explanation: Prospecting is the first step in a selling process. Under this the sales person identifies the potential customers and communicate with them to covert them into current customers.

Similarly, qualifying refers to analyzing the characteristics of a lead to determine if it qualifies as a prospect.

Hence from the above we can conclude that Kylie is performing the function of prospecting and qualifying.

4 0
2 years ago
Tatum can borrow at 6.7 percent. The company currently has no debt, and the cost of equity is 12.9 percent. The current value of
Zanzabum

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
2 years ago
"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of
Fudgin [204]

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000  * 365 = 52 days

So the average receivable collection days were 52 days during the year.

6 0
2 years ago
According to the website nationalbikeregistry, at the campus of UC Berkeley 12% of registered bicycles are stolen each year. Sup
yaroslaw [1]

Answer:

n = 160

p = 0.12

Explanation:

In a Binomial distribution two parameters are of great interest, n and p.

where n is the number of trials and p is the probability of success and (1 - p) is the probability of failure.

p = 12%

n = 160

Mean = E(X) = μ = n*p = 160*0.12 = 19.2

μ = 19.2

variance = σ² = np(1 - p) = 160*0.12(1 - 0.12) = 16.89

standard deviation = σ = √16.89 = 4.11

σ = 4.11

7 0
2 years ago
Maude walks in early one day and catches her employer breaking the law. She complains to her employer that this is wrong and tha
ra1l [238]

Answer: a) Maude likely can successfully sue her employer for violation of a Whistleblower Protection Law.

Explanation:

Whistleblowers are people who call attention to illegal activities in their workplace which means that Maude qualifies as one.

In order to encourage people to speak out and call attention to illegal activities in the workplace, there are several laws at both Federal and State level that are aimed at protecting employees should they report said illegal activities.

This is why it is likely that Maude can sue her employer for violation of such laws but she must do so speedily to ensure that she can be helped as some of these laws tend to be limited.

8 0
2 years ago
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