Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Russell Preston delivers parts for several local auto parts stores. He charges clients 0.75 per mile driven. Russell has determined that if he drives 1,600 miles in a month, his average operating cost is $0.58 per mile. If he drives 4,900 miles in a month, his average operating cost is $0.36 per mile. Russell has used the high-low method to determine that his monthly cost equation is: total cost = $530.00 + $0.25 per mile. Required:1. Determine how many miles Russell needs to drive to break even.
2.Assume Russell drove 1,360 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month. Loss Profit
3.Determine how many miles Russell must drive to earn $1,075.00 in profit.
4-a.Prepare a contribution margin income statement assuming Russell drove 1,360 miles last month. (Enter your answers rounded to 2 decimal places.)
4-b. Use the above information to calculate Russell's degree of operating leverage. (Round your answer to the 2 decimal places.)
nbspnbspnbspnbsp1.nbspnbspnbspnbspaccounts that are not closed to a zero balance at the end of each
The Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best..
Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2012. The estimated January 1, 2012, inventory is 6,500 units, and the desired December 31, 2012, inventory is 7,000 units.
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.
organizations are susceptible to an array of crises. there are different types of threats with no one way to manage
In connection with the audit of an issue of long-term bonds payable, the auditor should
Flint Co. records purchase discounts lost and uses perpetual inventories. Prepare journal entries in general journal form for the following: (a) Purchased merchandise costing $900 with terms 2/10, n/30. (b) Payment was made thirty days after the p..
Palmerin Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $167,000 and budgeted cash disbursements total $171,000. The desired ending cash balance is $50,000.
aviss taxable income for the year is 300000 and bests taxable income for the year is 425000. for each of the scenarios
Oatly is concerned about the collectability of outstanding loan and whether the trucks still exist. He thus engages Susan Virms, CPA, to count the trucks, using registration information held by Oatly.
1.explain why the communication skills and techniquesused within a business unit department are not alwayseffective in
Examine key factors that impact a company's decision of whether to pay a dividend and evaluate what you believe is the most significant driver of the decision.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd