The accounts and their respective balances that are increased and/or decreased in the given transactions are as follows:
October 1, 2021: Borrowing $300,000 from Washington State Bank by signing a 6-month, 4% note.
Increase: Notes Payable (by $300,000)
Increase: Cash (by $300,000)
December 31, 2021: Preparation of the adjusting entry.
No impact on accounts and balances as it is an adjusting entry.
April 1, 2022: Payment of principal and interest to Washington State Bank.
Decrease: Notes Payable (by the amount of principal paid)
Decrease: Interest Expense (by the amount of interest paid)
Decrease: Cash (by the total payment amount)
On October 1, 2021, Journey Company borrows $300,000 from Washington State Bank by signing a 6-month, 4% note. This transaction increases the Notes Payable account by $300,000 as the company now owes this amount to the bank. Simultaneously, the Cash account increases by $300,000 as the company receives the cash from the bank.
On December 31, 2021, an adjusting entry is prepared. We assume there is no impact on the accounts and balances at this point.
On April 1, 2022, Journey Company makes a payment to Washington State Bank, consisting of both principal and interest. The Notes Payable account decreases by the amount of principal paid, reflecting the reduction in the company's outstanding debt.
The Interest Expense account decreases by the amount of interest paid, as the company settles the accrued interest on the note. Finally, the Cash account decreases by the total payment amount, representing the outflow of cash from the company to the bank.
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Influence of oppurtunity cost on decision makers(economic agents).i dont understand this topic can somebody help me? Thank you
Hi. An explanation of your question is typed below. Take your time to read and understand it. I will make it as simple as possible.
Explanation:
Opportunity cost can be defined as the cost of an alternative forgone when choice is made. This can be simply defined as the cost of something that is left undone as when a choice is made between 2 things to do.
An example is having to choose between going for a vacation or buy a PS5. When yo decide to go for the vacation, the opportunity cost is the PS5. That means you would rather go on a vacation that get a PS5. This can be due to a number of reasons but more often than not, money is usually the factor for making decisions.
That is the money you have at hand decides what you do with it. If you feel you vacation will not be as expensive as getting a PS5, this makes getting the PS5 delayed till the vacation is out of the way.
Other determinants of decision making thta transcends/goes beyond money includes; energy loss, time loss, etc.
These factors alongside money help to determine the opportunity cost.
I trust that you have an idea now about opportunity cost and how decision makers affects it. Cheers.
FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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three soft skills i need an answer
Answer:
1. Communication
2. Teamwork
3. Problem-solving
Explanation:
net sales are: select one: a. gross margin plus fixed expenses. b. gross sales less returns and allowances from customers. c. gross sales less cost of goods sold. d. profits less cost of goods sold. e. cost of goods sold less returns and allowances.
Net sales is the sum of a company's gross sales minus its returns, allowances, and discounts.
Net income calculations are now not continually obvious externally. They can frequently be factored into the reporting of top line revenues stated on the profits statement.
Does internet income equal gross margin?Gross margin equates to internet sales minus the cost of items sold. The gross margin shows the amount of income made before deducting selling, general, and administrative (SG&A) costs. Gross margin can also be called gross profit margin, which is gross profit divided through internet sales.
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https://brainly.com/question/28390284#SPJ4there are certain transactions that are enforceable without consideration. these include:
In general, a contract requires an exchange of consideration between the parties involved in order to be enforceable. Consideration refers to something of value that is given or promised by one party to another in exchange for something else.
However, there are certain transactions that are enforceable without consideration, although they are typically limited in scope.
One example of an enforceable transaction without consideration is a promise to make a charitable donation. In such a case, the promise to make the donation is binding even though there is no direct benefit or consideration received by the person making the promise.
Another example is a promise made by a debtor to pay a pre-existing debt. In this situation, the promise to pay the debt is enforceable without consideration because the debt already exists and therefore the promise to pay it is considered to be a confirmation or reaffirmation of an existing obligation.
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NEED ASAP PLEASE
Select the correct text in the passage.
Hussein is writing a response rejecting a customer’s request for a product replacement. Select the text in the passage that shows the reasons he gives for the negative message.
Thank you for writing to us regarding your request for a replacement fan.
To guarantee customer satisfaction, we extend a warranty of 90 days on this product for all our customers. If returned within 90 days, we offer replacements free of charge.
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement.
As an alternative, we can offer a 20 percent discount on any other product you wish to purchase from our store. We look forward to doing business with you again.
Answer:
Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement
Explanation:
Hope it helps!
25 points
You are an experienced customer service representative. How will you handle an irate customer? What skills will you employ? Your response must be at least 150 words.
Answer:
The impatient customer
The situation: An impatient customer may have been waiting in line longer than usual, they may be running late to their next appointment, or maybe they're restless while you search for a solution to their issue or concern.
How to handle it: Be clear and to the point without appearing dismissive of their demeanor. Explain transparently why there's a wait or delay without getting into specifics. Make sure an impatient customer knows that effort is being invested in resolving the situation.
Frame your answers in a positive light, too. For example, instead of saying that an item is out of stock, explain that a new delivery is expected by a certain date or that you are working quickly to restock the items in question
Explain south africa's reaction to the recommendations given by the who
Answer:
WHO guidelines
The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.
A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.
The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.
Explanation:
WHO guidelines
The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.
A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.
The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.
mr. madoff invests $1000$ dollars in a fund that compounds annually at a constant interest rate. after three years, his investment has grown to $1225$ dollars. what is the annual interest rate, as a percentage? (round your answer to the nearest integer.)
The annual interest fee, as a percent, is 7.5%. rounded to the nearest integer.
We can use the compound interest method to solve this problem:
\(A = P (1 + r/n)^{(n*t)\)
where:
A is the ending amount
P is the most important amount
r is the once a year interest fee
n is the number of times the interest is compounded in keeping with yr
t is the range of years
we are for the reason that Mr. Madoff invests $1000 and after three years, his investment grows to $1225. consequently, we will plug in those values and solve for the annual interest rate:
\(1225 = 1000 (1 + r/1)^{(1*3)\)
\(1.225 = (1 + r)^3\)
1 + r = cube root of 1.225
1 + r = 1.1/2
r = 1.0.5 - 1
r = 0.0.5
Multiplying through 100 to convert the decimal to a percent, we get an annual interest charge of 7.5%.
Therefore, the annual interest fee, as a percent, is 7.5%.
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What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?
Answer:
I believe that the transaction would fail giving you some text similer to "Transaction failed, please try again." or "Insufficient funds."
You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy a. more goods in that country and buy more dollars. b. more goods in that country but buy fewer dollars. c. fewer goods in that country but buy more dollars. d. fewer goods in that country and buy fewer dollars.
Answer:
d. fewer goods in that country and buy fewer dollars.
Explanation:
In the case when the currency is hold from the foreign country and if the country contains the high inflation rate as compared with the united states so here the less goods in that country should be purchased at less dollars that means it shows the positive relationship between the goods and the dollars value
Therefore as per the given situation, the option d is correct
Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation
Please select the best answer from the choices provided
A
B
C
D
Answer:
D
Explanation:
at the beginning of the year, albertson incorporated reports inventory of $7,100. during the year, the company purchases additional inventory for $22,100. at the end of the year, the cost of inventory remaining is $9,100. calculate cost of goods sold for the year.
The cost of goods sold for the year is $19300.
The total of all direct costs incurred in producing an item constitutes the cost of goods supplied (COGS). It can be found on an income summary and usually contains money spent on labor and raw products. It excludes commissions connected to promotion, sales, or delivery.
Beginning inventory = $6300
Purchase = $21300
Ending inventory = $8300
Cost of goods available for sale = Beginning inventory + Purchase
= $6300 + $21300
= $27600.
Cost of goods sold = Cost of goods available for sale - Ending inventory
= $27600 - $8300
= $19300
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shares of stock currently owned by a firm's shareholders are called ________.
Shares of stock currently owned by a firm's shareholders are called outstanding shares.
A share is a way to measure your ownership stake in a business (e.g., one share of IBM stock. A share is a particular form of stock ownership. Shares of a company's stock are owned by shareholders. They are among the most prevalent types of shares.
Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. The terms "shares" and "stock" are therefore frequently used interchangeably.
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The trial balance of Rollins Inc. included the following accounts as of December 31, 2016:
Debits Credits
Sales revenue $6,400,000
Interest revenue 42,500
Loss on sale of investments 20,000 Unrealized losses on investments 170,000 Foreign currency translation gains 285,000
Cost of goods sold 4,850,000 Selling expenses 450,000 Restructuring costs 205,000 Interest expense 10,000 General and administrative expenses 350,000 Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%.
Required: Prepare a 2016 separate statement of comprehensive income for Rollins Inc. (Amounts to be deducted should be indicated with a minus sign.)
Rollins Inc. Separate Statement of Comprehensive Income for the Year Ended December 31, 2016
Sales revenue $6,400,000
Interest revenue 42,500
Total revenue $6,442,500
Cost of goods sold (4,850,000)
Gross profit $1,592,500
Selling expenses (450,000)
Restructuring costs (205,000)
General and administrative expenses (350,000)
Total operating expenses (1,005,000)
Operating income $587,500
Interest expense (10,000)
Net income before taxes $577,500
Income tax expense (40%) (231,000)
Net income $346,500
Other comprehensive income:
Unrealized losses on investments (170,000)
Foreign currency translation gains 285,000
Other comprehensive income, net of tax 115,000
Total comprehensive income $461,500
The separate statement of comprehensive income for Rollins Inc. is prepared using the information provided in the trial balance. The statement starts with the company's revenues, which include sales revenue and interest revenue, totaling $6,442,500.
The cost of goods sold is subtracted from the revenue to arrive at the gross profit, which is $1,592,500. The company's operating expenses, which include selling expenses, restructuring costs, and general and administrative expenses, are then deducted from the gross profit to arrive at the operating income of $587,500.
Interest expense is subtracted from the operating income to arrive at the net income before taxes of $577,500. Income tax expense is then calculated based on the effective tax rate of 40%, resulting in a deduction of $231,000 from the net income to arrive at the final net income of $346,500.
The other comprehensive income section of the statement shows the unrealized losses on investments of $170,000 and foreign currency translation gains of $285,000, resulting in a net other comprehensive income of $115,000.
The total comprehensive income for the year is calculated by adding the net income and the other comprehensive income, resulting in a total comprehensive income of $461,500.
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6.Elizabeth's credit card bill elizabeth just received her credit card bill. She calculates the compound interest on her bill and considers the payments she could make. If she pays the minimum payment of $45, it will take her five years to bring her balance to $0. How can Elizabeth most responsibly pay off her bill sooner ?
Answer: pay more than the minimum payment each month
Explanation:
For Elizabeth to responsibly pay off her bill sooner, she has to pay more than the minimum payment each month.
It should be noted that if she continues paying the minimum monthly payment, it'll take her five years and collecting a loan isn't appropriate as well as she will still have to pay back the loan and incur more debt.
Therefore, she should pay more than the minimum amount as that'll make her pay quicker.
It's time to think like a manager. Corporate social responsibility is wonderful, though often criticized as purely rhetorical and laden with subtle profit goals. How can a manger emphasize genuineness of corporate social responsibilities and activities in society?
The correct answer to this open question is the following.
It's time to think like a manager. And more importantly, it is time to act like a manager and became a true leader.
Corporate social responsibility is wonderful, though often criticized as purely rhetorical and laden with subtle profit goals. That is why is so important that a manager could emphasize genuinely that corporate social responsibilities are a priority for the organization.
One good way to prove that and stop critics is to establish a series of programs and actions that benefit the environment and the community and that could be evaluated by the members of the society.
This includes mass media. Yes, the company has to open its doors and be willing and able to show the results of these programs. If the company has nothing to hide, it will have no problem to show its work and be proud of the monetary results as well as the social responsibility results that benefit the community.
Why is perception important in the study of OB? Simply because people’s behavior is based on their perception of what reality is, not on reality itself.
Perception is important in the study of Organizational Behavior (OB) simply because people's behavior is based on their perception of what reality is, not on reality itself.
Perception plays a significant role in shaping human behavior. It is the process through which people receive, interpret, and organize information from their surroundings. Perception is a mental process that enables people to make sense of their world by processing sensory information. Perceptions are subjective, and people's behavior is often based on their perception of reality, not reality itself.
In the study of Organizational Behavior, perception is essential because it affects how people think, feel, and behave in the workplace. People's perception of themselves, their co-workers, their jobs, and the organization as a whole can shape their attitudes and behaviors. For example, if an employee perceives that they are being treated unfairly at work, they might become demotivated and start to underperform. Another employee who perceives that they are being rewarded fairly might be motivated to work harder.
Perception also influences the way people communicate and interact with one another. It affects how they perceive messages, interpret information, and form judgments about other people. This can lead to misunderstandings, miscommunications, and conflicts in the workplace.
In conclusion, perception is an essential aspect of the study of Organizational Behavior. People's behavior is not based on reality itself but on their perception of reality. Perception shapes how people interpret and respond to their surroundings, influencing their attitudes and behaviors. Understanding perception is critical for managers and leaders to create a positive work environment and foster healthy relationships between employees. By being aware of the power of perception, managers can improve communication, reduce conflicts, and increase productivity in the workplace.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Explain why you might not want to have passive income as your only source of income.
Answer:
Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.
____________OAmalOHopeO
______________
Answer:
Passive income relies on what others do and you dont really have control over the amount of money you make
The formula to compute the direct labor rate variance is to calculate the difference between a. (Actual labor cost) - (Actual hours x Standard rate) b. (Standard hours x Standard rate) - (Standard labor cost) c. (Standard hours x Actual rate) - (Standard labor cost) d. (Actual labor cost) - (Standard hours x Standard rate)
The formula to compute the direct labor rate variance is:
a. (Actual labor cost) - (Actual hours x Standard rate).
The direct labor rate variance is a measure of the difference between the actual labor cost incurred and the cost that should have been incurred based on the standard rate per hour. By subtracting the product of actual hours and the standard rate from the actual labor cost, we can determine the direct labor rate variance. This variance helps analyze the impact of differences between the actual rate paid to workers and the standard rate that was expected.
In more detail, the direct labor rate variance is used to assess the efficiency and effectiveness of labor utilization. It indicates whether the company is paying more or less than the standard rate for labor and the subsequent impact on costs. If the actual labor cost is higher than expected, it suggests that the company is paying a higher rate per hour than the standard rate. Conversely, if the actual labor cost is lower than expected, it indicates that the company is paying a lower rate per hour than the standard rate. By calculating and analyzing this variance, managers can identify areas for improvement in labor cost control and make necessary adjustments to their operations.
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Mr. X and Y are having a discussion. Mr. X felt that business is based on selfish desires to gain higher and higher profits while Mr. Y felt that profit is essential for business. Can you support Mr. Y's case by providing strong points for his favour.
Answer: Ensure running cost is maintained to sustain business.
Explanation:
Resources to drive the business; probably the capital to start the business ain't much to cover for the production of more products or to cover for other expenses, here there would be a valid point for an increase in finances in some areas which won't be based on greed or selfishness. The running cost of a business matters, so the business doesn't crumble or there isn't enough return on investment.
Explain the role of public relations in developing and maintaining a corporate image.
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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In which step of planning and executing an advertising campaign will a firm establish the metrics it will use to determine if the campaign is successful
The step at which a firm will set the metrics that will be used to determine if the campaign is successful is at the advertising objectives.
What is an advertising campaign?An advertising campaign is an outreach to prospective clients on different search engines or social media platforms showing a simple piece of information about a company's product or service rendered.
The main purpose of setting an advertising objective is to see and determine if the purpose for the creation of such an advertisement is being met.
The purpose could be to
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Which action should a job seeker take prior to an interview?
A.
send a follow-up letter
B.
place a call to confirm the interview
C.
send an email asking job-related queries
D.
research the employer or company
E.
inform the employer about your references
Answer:
D. research the employer or company
Explanation:
A good and recommended way to prepare for a job interview is to research the company they want to join. Understanding as much as possible about the company gives one confidence in the interview room. Knowledge about its products and services helps answer questions and formulate the questions to ask.
One should also research what the company expects of them in their role. This information gives one an edge over the other candidates in the interview.
Answer: place a call to confirm the interview
Explanation:
I apologize if that’s wrong but I think that’s the right one
How is a cryptocurrency exchange different from a cryptocurrency wallet?
Brownlee Enterprises calculates the value of their bond investments based on the fair value option. If the market interest rate declines, the value of Brownlee's bonds is likely to
A : stay the same.
B : increase.
C : be the same as the bond's face value.
D : decrease.
Brownlee Enterprises calculates the value of its bond investments based on the fair value option. If the market interest rate declines, the value of Brownlee's bonds is likely to decrease.
So, the correct option is D, that is, decrease.
Bond investments refer to fixed-income securities that are issued by organizations, local authorities, government, and supranational institutions to obtain financing. In the case of bond investments, an investor loans money to the bond issuer who promises to pay a predetermined amount of interest to the investor at a certain interval of time until the bond reaches its maturity date.
Work done refers to the amount of energy that is transferred by a force that is applied over a certain distance when a body moves due to the force applied. Work done can be calculated as W = Fd, where F is the force, and d is the distance moved by the object in the direction of the force.
Brownlee Enterprises calculates the value of its bond investments based on the fair value option. If the market interest rate declines, the value of Brownlee's bonds is likely to decrease.
So, the correct option is D, that is, decrease.
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You are looking to buy a car. You can afford $480 in monthly payments for four years. In addition to the loan, you can make a $1,300 down payment. If interest rates are 7.75 percent APR, what price of car can you afford (loan plus down payment)
If interest rates are 7.75 percent APR, you can afford a car priced at: $19,717.29.
1. To calculate the price of the car you can afford, you need to find the present value of the loan payments and down payment at the given interest rate. Using the present value formula, you get:
\([480 \times (1 - 1/((1+ \frac {0.0775} {12})^{(4*12)})))/ (\frac {0.0775}{12})] + 1300 = \$ 19,717.29\)
2. The value of the perpetuity would decrease by $572.73 if interest rates increased to 9.2 percent.
To calculate the change in value of the perpetuity, you can use the perpetuity formula and subtract the initial value from the new value:
\(Change in value = (120/0.077) - (120/0.092) = -\$1554.55 + \$981.82 = -\$572.73\)
Since the result is negative, the value of the perpetuity decreased with the increase in interest rates.
3. The future value of the annuity is $11,191.02 and the present value is $7,851.04.
To calculate the future value of the annuity, you can use the future value of an annuity formula:
\(FV = 160 \times ((1+ {0.1025}/{12})^{12\times5} - 1) / (0.1025/12) = $11,191.02\)
To calculate the present value of the annuity, you can use the present value of an annuity formula:
\(PV = 160 \times (1 - (1+0.1025/12)^{-12x5}) / (0.1025/12) = $7,851.04\)
3. The implied compounded annual rate is 650 percent.
To calculate the compounded annual rate implied by the given interest rate for two weeks, you can use the effective annual rate formula:
EAR = (1 + 0.25)^(52/2) - 1 = 6.50 or 650% (rounded to the nearest whole percent).
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Complete question:
1. You are looking to buy a car. You can afford $480 in monthly payments for four years. In addition to the loan, you can make a $1,300 down payment. If interest rates are 7.75 percent APR, what price of car can you afford? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. A perpetuity pays $120 per year and interest rates are 7.7 percent. How much would its value change if interest rates increased to 9.2 percent? (Round your answer to 2 decimal places.) Change in value $ Did the value increase or decrease? Decrease Increase
3. If you start making $160 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 10.25 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value annuity $ What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value annuity $
4. Payday loans are very short-term loans that charge very high interest rates. You can borrow $220 today and repay $275 in two weeks. What is the compounded annual rate implied by this 25 percent rate charged for only two weeks? (Do not round intermediate calculations and round your final answer to the nearest whole percent.)
A manufacturing company has budgeted production of 940 for the month. Each unit requires $1.25 in variable overhead cost. The budgeted fixed cost is $950 per month. The total budgeted overhead cost will be $_____________.
The total budgeted overhead cost for a single unit is $2.26. The calculation of the budgeted overhead is formulated below.
What is Inventory?Inventory is the current asset of a company, which the company sells to generate revenue and profits, the inventory is reported in the statement of financial position in the assets side under the current asset head. The details about the inventory can be checked and reviewed in the notes to the financial statements.
In a service sector company there is no inventory, but a manufacturing and those companies which sell goods have large amount of inventory.
The budgeted overhead can be calculated as:
The total per unit variable cost + Fixed costs per unit.
Calculating fixed cost per unit
$950 / 940 units = $ 1.01
The total per unit variable cost + Fixed costs per unit.
$1.25 + $ 1.01 = $ 2.26
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Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability