Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Stop-n-shop operates a downtown parking lot containing 800 parking spaces. The lot is open 2,500 hours per year. The parking charge per car is 50 cents per hour; the average customer parks two hours. Stop-n-shop rents the lot from a development company for 7,250 per month. The lot supervisor is paid 24,000 per year. Five employees who handle the parking of cars are paid $300 per week for 50 weeks plus $600 each for a two weeks vacation period. Employees rotate vacation during the slow months when four employees can handle the reduced load of traffic. Lot maintenance, payroll taxes and other costs of operating the parking llot include fixes costs of $3,000 per month and a variable cost of 5 cents per parking space hour. Instructions: a. Draw a cost volume profit graph for stop-n-shop on an annual basis. use thousands of parking space hours as the measure of volume activity. [ stop-n-shop has an annual capacity of 2 million parking space hours. (800 spaces×2,500hoursper year)] b. What is the contribution margin ratio? What is the annual break even point in dollars of parking space revenue? c. Suppose that the five employees were taken off the hourly wage basis and paid 30cents per car paeked, with the same vacation pay as before.(1) how would this change the contribution margin ratio and total fixed costs?(hint: the variable costs per parking space hour will now include 15cent or half of the 30 cents paid to the employees per car parked, because the average customer parks for 2hours) (2) What annual revenue would be necessary to produce operating income of 30,000 under theses circumstances?
Widgets used an acceleration method of depreciation and deducts warranty expenses when occured. What deffered tax assets or liabilities will result from this accounting proctices?
lee and levi law firm uses job-order costing to accumulate costs chargeable to each client. it has two departments the
london corporation is considering investing 40000 in equipment to produce a new product. the useful service life of
what accounting method cash or accrual would you recommend for the following businesses? an incorporated insurance
lennon co. recorded sales all credit of 870000 during the current year. the ending balance in accounts receivable was
what is fasbs stance on companies recording compensation expense for stock options plans? what method is preferable?
Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at Dec 31. Year 2 would be reduced by ?
june 10 sold obsolete store equipment for 630 cash. the equipment originally cost 2105 and depreciation to march 31 of
It is discovered in 2011 that ending inventory from 2009 is understated. What accounts will be affected by this understatement, and how will they be affected? This is a situation that really happens. Start with the 2009 inventory being understated..
Education Sciences Company, in its first year of operations, has the following differences between the book basis and tax basis of its assets and liabilities at the end of 2007.
Assume that the total overhead costs above consist of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 60,000 machine-hour level of activity is:
The book value of LLL's assets and owners' equity before the acquisition were $50 million and $30 million, respectively. Compute the fair value of LLL's liabilities that Compton incurred in the acquisition.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd