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Copper Queen Hotel is interested in estimating fixed and variable costs so the hotel can make more accurate projections of costs, break-even and profits. The hotel is in a resort area and busy from November through March. In July and August, the hotel has only a 50 percent occupancy rate. Classify each of the following costs as fixed, variable or mixed. A. Depreciation of the building B. Salaries of restaurant staff C. Salaries of hotel manager, desk manager, accounting clerks D. Soap, shampoo and other toiletries in the bathrooms E. Laundry costs (cost of bed linens, table cloths, cleaning products, depreciation on cleaning equipment. F. Food and beverage costs G. Grounds Maintenance
tronnes corporations net income last year was 1750000. the dividend on common stock was 2.60 per share and the dividend
Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, accrued revenue) is needed in each situation, at December 31, 2010.
sam and dennys ice cream shop charges 1.65 for a cone. variable expenses are 0.35 per cone and fixed costs total 2400
on decemeber 1 2014 parsons sales sold machinery to a customer for 2000. the customer could not pay at the time of
A company estimates that ordering costs are $2.00 per order, picking costs are $1.00 per unique item ordered, packing costs are $0.07 per item, and return costs are $40.00 per return.
Assuming Courtney works 49 weeks during the year, how much of her mileage is deductible?
a soft drink company has three bottling plants throughout the country. bottling occurs at the regional level because of
1. the journal entry a company uses to record the issuance of an interest-bearing note for the purpose of borrowing
whaleco aquired all of the common stock of minnowco early in year 1 for 500000 and minnowco immediately elected to join
The equipment cost $540,000, had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation, and had a fair value of $330,000. After the revaluation, the accumulated depreciation account will have a balance of:
like chou the president of digitech computer service needs your help. he wonders about the potential effects on the
donahue company uses both special journals and a general journal as described in this chapter. on june 30 after all
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