Bugos Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $4,200Employee salaries and wages$58,800 $900Travel expenses $700Other expenses$33,300 When the company prepared its planning budget at the beginning of March, it assumed that 40 customers would have been served.The amount shown for "Employee salaries and wages" in the planning budget for March would have been closest to:
A. $94,800
B. $102,889
C. $91,200
D. $92,600
Answer: A
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Which of the following is a business situation in which linear programming (LP) models can be used appropriately?
a. A manager of a production line wants to minimize the total production and inventory cost while meeting the sales demands for products. b. A financial analyst wants to maximize the return on an investment with a limited budget for stocks and bonds. c. A marketing manager wants to maximize the customer lifetime value with a limited advertising budget. d. A logistics manager wants to minimize the total transportation cost for products and raw materials while meeting customer demands for those products. e. All of the above business situations can be modeled with LP models.
The following events apply to Jason's Lawn Service for Year 1.1) Issued stock for $14,000 cash2) On January 1, paid $12,000 cash for equipment that has an estimated life of five years and a salvage value of $2,0003) On May 1, issued a $3,000, 5% 3-year note to a local bank4) Performed services of $18,400 and received cash5) Paid $15,000 of operating expenses6a) Adjusted the records to recognize expense associated with use of the equipment during Year 16b) Adjusted the records to recognize interest expense for Year 1Required: Record the effects of the above events under the appropriate account headings in the accounting formula below.
What will be an ideal response?
A company had net cash flows from operations of $341,000, net income of $286,000 and average total assets of $1,850,000. The cash flow on total assets ratio equals:
A. 83.9% B. 542.5% C. 15.5% D. 646.9% E. 18.4%
The difference between the crimes of voluntary and involuntary manslaughter (i.e., the most, and the least blameworthy categories of manslaughter) is the existence of_________ in the mind of the perpetrator at the moment the offense takes place
Fill in the blank(s) with correct word