Logan Inc plans to double its rental space next year which will increase its fixed costs by 30% while variable costs will remain the same. Current year costs are as follows: Variable costs $20 per unit Fixed costs $15,000 If next year production is expected to be 13,500 units, estimated total costs will be:
A) $289,500.
B) $270,000.
C) $285,000.
D) $250,500.
A
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Which of the following controls most likely would be effective in offsetting the tendency of sales personnel to maximize sales volume at the expense of high bad debt write-offs?
A. Subsidiary accounts receivable records are reconciled to the control account by an employee independent of the authorization of credit. B. Shipping documents and sales invoices are matched by an employee who does not have authority to write off bad debts. C. Employees involved in the credit-granting function are separated from the sales function. D. Employees responsible for authorizing sales and bad debt write-offs are denied access to cash.
Per capita is a method of dividing an intestate share of an estate
Indicate whether the statement is true or false
Evaluating your financial health consists of
A) preparing a personal balance sheet. B) determining what you are worth. C) preparing a personal income statement. D) determining where your money comes from and where it goes. E) all of the above.
What is the name for a document that provides for someone to act in your place for legal and financial matters in the event that you become mentally incapacitated?
A) Specific power of attorney B) Revocable power of attorney C) Incapacitated power of attorney D) Durable power of attorney E) None of the above