The high-low method
A) calculates variable costs per unit by dividing the difference in the high and low activity levels by the high and low costs.
B) gives accurate results of cost estimation, irrespective of the relevant range.
C) helps in determining the fixed and variable components of a mixed cost.
D) is based on the premise that all data points are necessary to define a linear cost-volume relationship.
C
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If preferred dividends are limited to the stated dividend rate, the stock is said to be participating
a. True b. False Indicate whether the statement is true or false
The too-big-to-fail policy is a policy under which bank regulators will not close a bank that is deemed to
A. have enough reserves to meet the cash requirements of its customers. B. have a history of low default risk on debt issue. C. be so large that its closure would affect the financial system and cause other banks to fail. D. be larger than the Federal Reserve System.
Identify the statement that holds true of revised Article 3 of the Uniform Commercial Code regarding checks.
A. Under revised Article 3, a payor bank may pay a postdated check before the stated date unless the drawer has notified the bank of postdating pursuant to a procedure set out in the Code. B. Revised Article 3 states that an instrument which names a fixed time for payment should not contain a clause permitting the time for payment to be accelerated at the option of the maker. C. Revised Article 3 prevents an instrument from meeting the "unconditional promise" if it requires a countersignature of a person whose specimen signature appears on the draft. D. Under revised Article 3, an instrument does not qualify as a check if it contains the engraving "money order" on its face.
The financial balances for the Atwood Company and the Franz Company as of December 31, 2018, are presented below. Also included are the fair values for Franz Company's net assets. Atwood FranzCo. FranzCo.?(all numbers are in thousands) Book value Book value Fair value 12/31/2018 12/31/2018 12/31/2018Cash$870 $240 $240 Receivables 660 600 600 Inventories 1,230 420 580 Land 1,800 260 250 Buildings (net) 1,800 540 650 Equipment (net) 660 380 400 Accounts payable (570) (240) (240)Accrued expenses (270) (60) (60)Long-term liabilities (2,700) (1,020) (1,120)Common stock ($20 par) (1,980) Common stock ($5 par) (420) Additional paid-in
capital (210) (180) Retained earnings (1,170) (480) Revenues (2,880) (660) Expenses 2,760 620 ??Note: Parenthesis indicate a credit balance??Assume an acquisition business combination took place at December 31, 2018. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid.?Compute consolidated revenues immediately following the acquisition. A. $1,170. B. $2,880. C. $3,540. D. $1,650. E. $4,050.