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During April, Elsa Corporation budgeted for 27,000 customers, but actually served 23,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.10q Wages and salaries: $33,300 + $1.10q Supplies: $0.70q Insurance: $8,600 Miscellaneous expense: $3,700 + $0.40q Prepare the company's flexible budget for April based on the actual level of activity for the month.
What is the crossover rate, and what is its significance - Assume that the project has average risk. Find the project's expected NPV.
Calculate the amount of gross profit earned by Kelly from the sale of the 60 units - Kelly Technology makes home office furniture
Department public golf course to be paid from pledged fees collected from golf course users. Illustrate how much should be accounted for through debt service funds for payments of principal over the life of the bonds
What is the quality of the evidence that is gathered substantive testing procedure? How competent is evidence provided by analytical procedures compared with other types of evidence?
A local science museum normally sells tickets to its museum for $5 each. The daily maximum capacity of the museum is 1,000 visitors. At the maximum capacity, fixed costs are $2 per visitor and variable costs are $1.50 per visitor. A local school grou..
As we know, total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination. If less than 100% of a subsidiary's voting stock is obtained, how is the presence of the other ow..
American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2013. Prepare an amortization schedule for the four-year term of the installment note..
Are members of Management ethically bound to perform unethically? I
Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.
what must auditors do to meet their obligations under professional auditing standards related to the observation of inventory?
What is the weak point in this system? What fundamental principle of internal control is being ignored? What improvement in the procedure can you suggest?
Determine the contribution margin in dollars, per unit, and as a ratio.Using the contribution margin technique, compute the break-even point in dollars and in units.Compute the margin of safety in dollars and as a ratio.
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