Reference no: EM131769176
Brazilia Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to .5092 U.S. dollar.)
Required:
Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per month. (Round "Variable cost per tour mile" to 3 decimal places.)
Predict the level of maintenance cost that would be incurred during a month when 34,000 tour miles are driven.
Develop a formula to express the cost behavior exhibited by the company's maintenance cost. (Round "Variable cost per tour mile" to 3 decimal places.
Month Miles Traveled
by Tour Buses Maintenance
Cost
November 12,750 17,100 real
December 15,900 17,400
January 19,050 17,550
February 22,500 18,000
March 30,000 18,750
April 12,000 16,500
|
Indicate journal entry to be made to record the transaction
: Presented below is a set of independent situations. For each independent situation, indicate the journal entry to be made to record the transaction
|
|
Jones for specific performance
: general goal and in order to retain the most favorable legal and financial position possible for herself, Ms. Smith should
|
|
Probability that stronger team will be the overall winner
: Two athletic teams, A and B, play a best-of-three series of games (i.e., the first team to win two games is the overall winner).
|
|
Buy the stock for its book value
: If you owned 100 shares of stock in XYZ Company Inc., and someone offered to buy the stock for its book value, would you accept the offer? Why or why not?
|
|
Develop a formula to express the cost behavior exhibited
: Develop a formula to express the cost behavior exhibited by the company's maintenance cost
|
|
Liquidation value of a company
: What does it mean if the liquidation value of a company's preferred stock is greater than its market value?
|
|
Source of competitive advantage
: Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage?
|
|
Prepare entries to reflect correct land
: Problem - Classification of Land and Building Costs, Prepare entries to reflect correct land, building, and depreciation accounts at December 31, 2011
|
|
Create an argument for the social nature of information
: Explain the justification and critique of intellectual property - Write a brief essay explaining and emphasizing a Lockean justification of intellectual
|