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A hotel pays the phone company $200per month plus $.15 for each call made. During January 7,000 callswere made. In February 8,000 calls were made.
a)Calculate the hotel's phone bills for January and February.b)Calculate the cost per phone call in January and in February.c)Separate the January phone bill into its fixed and variablecomponents.d)What is the marginal cost of one additional phone call inJanuary?e)What was the average cost of aphone call in January?
Young corporation issued 2,000 shares of $25 par value common stock and 300 shares of 13% par value preferred stock for cash at par value. How do i record the journal entry?
Determination of Beneficiary's Income. A trust is authorized to make discretionary distributions of income and principal to its two beneficiaries, Roy and Sandy.
Explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:
At November 1, 2010, Myers Enterprises reported a cash balance of $60,000. During the month, Kern collected cash of $20,000 and made disbursements of $35,000. At September 31, 2010, what is the cash balance?
Which of the following statements is reflects the impact on stockholders' equity of a transfer from available-for-sale to trading.
A consultant developed the following projections of net cash flow (in thousands of dollars) for a five year planning horizon. All costs including the consultants fee are included. a. What decision should Lake Placid make using the expected value ap..
overhead costs applied to direct costs are 30%. a total of 3,500 meters were maintained. a private firm offers to do your PM for $10 a meter. Given the following information, should you contract out?
If a division is reporting losses, does that necessarily mean that it must be closed? Was the reallocation of the fixed costs across divisions unethical?
Which of the following procedures would an auditor most likely perform when planning an audit?
Which notion recognizes that mere appreciation in value does not necessarily mean that the owner has the resources to pay the tax associated with the appreciation..
The land contributed by Ashley was encumbered by a $40,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, the basis of Ashley's partnership interest is:
Fraud awareness training should be: a. broad and all encompassing b. extensive and include details for all functional areas c. specifically related to the employee's job responsibility
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