A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a: Multiple Choice Fixed cost. Curvilinear cost. Variable cost. Step-wise variable cost. Standard cost.

Answers

Answer 1

Answer:

The answer is Fixed cost.

Fixed cost remains constant for a given period and does other change with the eh level of production. However, the per unit fixed cost decreases when the Level of production increases and vice versa.

Also, fixed cost is difficult to.control and manage relatively to the variable.costs.

Explanation:

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Ultra Day Spa provided $94,850 of services during Year 1. All customers paid for the services with credit cards. Ultra submitted the credit card receipts to the credit card company immediately. The credit card company paid Ultra cash in the amount of face value less a 1 percent service charge. Required a. Show the credit card sales (Event 1) and the subsequent collection of accounts receivable (Event 2) in a horizontal statements model like the one shown next. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). (Enter any decreases to account balances with a minus sign. Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.)

Answers

Answer and Explanation :

The presentation is shown below:

As per the data given in the question,

Assets = Liabilities + Equity Revenue - Expenditure = Net income Cash flow

Cash + Acc. Rev.

NA $94,850 NA $94,850 $94,850 NA $94,850 NA

$93,901.5 -$94,850 NA -$948.5 NA -$948.5 -$948.5 $93,901.5

We simply present the transactions on the financial statements

The County legislature approved its 2020 budget. Revenues from property taxes are estimated to be $800,000. The assessed value of all the property in the county is $40 million. The County has received certificates for property tax exemption of consisting of $3 million for homestead exemptions, $1.3 million for veterans, $700,000 for old age, and $5 million for nonprofits. In addition, the County believes all property taxes will be collectible. What property tax rate per $1,000 of net assessed value must the County charge to collect sufficient property taxes to meet its $800,000 estimate

Answers

Answer:

The property tax rate is $26.67

Explanation:

In this question, first, we have to compute the net assessed value which is shown below:

= Property value - property tax exemption - homestead exemption - veterans - old age - non profits

= $40,000,000 - $3,000,000 - $1,300,000 - $700,000 - $5,000,000

= $30,000,000

Now the property tax equals to

= (estimated property taxes) ÷ (Net assessed value) × 1000

= ($800,000 ÷ $30,000,000) × 1000

= $26.67

Consider a fast food café of your choice. Apply 4 V’s of Operation. Describe each V as ‘High’, ‘Low’ or ‘Moderate’ with one liner reason.

Answers

Answer:

4 V's of Operation

The 4 V's of operation are Volume, Variety, Variation, and Visibility. Let us take Mrs. Happy Food Cafe with over 100 outlets in Fiacton Town, as an example to illustrate the 4 V's of operation.

Volume: As a food cafe, the volume of production that will be required for some foods and drinks is so high that their provision requires repetitive tasks. Based on this, procedures are normally standardized in order to achieve low cost for foods and drinks. However, it is harder to standardize services, since personal touches are added by the servers based on their individual perceptions and abilities.

Variety: Mrs. Happy Food Cafe tries to bring some variety in her offerings to satisfy the various needs of her customers. While variety is naturally low in the Food Cafe sector, some cafes like Mrs. Happy Good Cafe, try to satisfy customers' demands by varying the foods with Continental, African, Latino cuisines and dishes.

Variation: At Mrs Happy Food cafes, the food and drinks do not vary much as customers expect to be served the same quality of services at any of their cafes. This is because the processes are standardized to achieve low cost. So, the variation is moderate.

Visibility: Customers of Mrs Happy Food cafes are not able to see and track their experiences of the the processes for the food preparation that they order. But, they can track the processes for the services because services are consumed as they are offered. So, visibility is 'Moderate," as it is divided between the hard goods and the soft goods. With respect to goods visibility is 'Low.' However, with respect to the services the customers' visibility of processes is high.

Explanation:

The 4 V's of operation describe the different characteristics of the processes that various entities use to transform their inputs into outputs of goods and services. They may be high, low, or moderate. They include, volume, variety, variation, and visibility.

On January 1, 2018, Westside Sales issued $ 20 comma 000 in bonds for $ 21 comma 800. These are eightminusyear bonds with a stated interest rate of 10% that pay semiannual interest. Westside Sales uses the straightminusline method to amortize the bond premium. After the first interest payment on June 30, 2018, what is the bond carrying amount? (Round your intermediate answers to the nearest dollar.)

Answers

Answer:

$21,687.5

Explanation:

Premium on bonds payable = $21,800 - $20,000= $1,800

Interest payments = 8 years X 2 semiannual interest payments per year = 16 payments

Premium ammortisation = $1,800 / 16 = $112.5

Carrying value of the bond = $21,800 - $112.5 = $21,687.5

Your company sponsors a 401(k) plan into which you deposit 10 percent of your $123,000 annual income. Your company matches 75 percent of the first 10 percent of your earnings. You expect the fund to yield 12 percent next year. Assume you are currently in the 31 percent tax bracket. a. What is your annual investment in the 401(k) plan? (Round your answer to the nearest whole number. (e.g., 32))b. What is your one-year return?

Answers

Answer:

A) Your own Contribution in 401(K) is $12,000.

B) Total Value of fund after one year = $21,000 × (1 + 12%)

= $23,520.

Explanation:

A) Total Annual Income = $120,000

Contribution in 401(K) = 10% of income

= $120,000 × 10%

= $12,000

your own Contribution in 401(K) is $12,000.

Employee contribution after tax = $12,000 × (1 31%)

= $8,280

Contribution of employer = $12,000 × 75%

= $9,000

Total Contribution = $12,000 + $9,000

= $21,000

Total Contribution in one year is $12,000.

Yield on fund = 12%

Total Value of fund after one year = $21,000 × (1 + 12%)

= $23,520.

after tax return = ($23,520 -$8,280) / $8,280

= 184%

After tax return is 184%.

You don't have to pay that income tax until you withdraw the money

Final answer:

The annual investment in the 401(k) plan is $21,525, comprising $12,300 from your contribution and $9,225 from your company's match. The one-year return, counting an expected yield of 12%, would be $24,108.

Explanation:

The annual investment in the 401(k) plan is calculated by finding 10% of the annual income of $123,000 which amounts to $12,300. The company then matches 75% of this investment. So, the company contribution is 0.75 * $12,300 = $9,225. Therefore, the total annual investment into the 401(k) plan is $12,300 (your contribution) + $9,225 (company’s contribution) = $21,525.

Your one-year return would be the total investment in the fund, including the expected 12% yield next year. So that's $21,525 * 1.12 = $24,108.

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The projected cash flow for the next year for Minesuah Inc. is $100,000, and FCF is expected to grow at a constant rate of 6%. If the company's weighted average cost of capital is 11%, what is the value of its operations?