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Shirrell Blackthorn is the accountant for several pizza restaurants based in a tri-city area. The president of the chain wanted some help with budgeting and cost control, so Shirrell decided to analyze the account for the past year. She divided the accounts into four different categories, depending on whether they appear to be primarily fixed or to vary with one of three different drivers. Food and wage costs appeared to vary with the total sales dollars. Delivers costs varied with the number of miles driven (workers were required to use their own cars and were reimbursed for miles driven). A group of other costs, including purchasing, materials handling, and purchases of kitchen equipment, dishes, and pans, appears to vary with the number of different product types (e.g., pizza, salad, lasagna). Shirrell came up with the following monthly averages: Food and wage costs $175,000 Delivery Costs $18,000 Other costs $9,520 Fixed Costs $255,000 Sales revenue $560,000 Delivery mileage in miles $8,000 Number of product types 14 Required: 1. Calculate the average variable rate for the following costs: food and wages, delivery costs, and other costs. 2. Form an equation for total cost based on the fixed costs and your results from requirement 1. 3. The president is considering expanding the restaurant menu and plans to add on new offering to the menu. According to the cost equation, what is the additional monthly cost for the new offering?
There are 5 primary bond portfolio management strategies: passive; laddering; indexing; immunization; and, active. Select one of these strategies and explain how it is used to effectively manage all or part of the portfolio.
The Duce Company has five plants nationwide that cost $100 million. The current market value of the plants is $500 million. The plants will be recorded and reported as assets at
When Congress passes a statute with language such as, "The Secretary shall prescribe such regulations as he may deem necessary," the regulations ultimately issued for that statute are:
Find the share price of BHP Billiton(BHPBILL)for today.as?uming that no fees were paid,how many shares would you be able to buy with R20000?
Explain why it might make sense for this company to award bonuses based on sales growth. How might this approach encourage poor business decisions when compared to a bonus plan tied to earnings?
Arthur Young was criticized for not encouraging Lincoln to invoke the substance-over-form principle when accounting for its large real estate transactions.
Show the journal entries in 2006. (Please be reminded the year-end for ABC Corporate is Dec 31, adjusting is required)
Subtract the $60,000 write-off) b) Prepare the journal entry for the year-end adjustetn to the Allowance for Doubtful Accounts balance as of Dec 31,2007
Merchandise with a sales price of $460 is sold on account with term 2/10, n/30. What does the journal entry to record the sale include?
Prepared a journal entry (if any) for Blaha Comapany to recorded the impairement of its goodwill at the end of 2004
The purchase of Truffles Inc. will require an investment of $800,000 and with the synergy between the two companies will increase the Boxed Candy Division's operating income by $76,000. The residual income for the Boxed Candy Division after the pu..
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a
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