Required information [The following information applies to the questions displayed below] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Sales Costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries PHOENIX COMPANY Fixed Budget For Year Ended December 31 Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18.100 units are sold. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. PHOENIX COMPANY Flexible Budgets Variable costs Complete this question by entering your answers in the tabs below. Fixed costs For Year Ended December 31 Flexible Budget $ 3,171,000 996,600 226,500 60,400 300,000 199,000 226,500 253,000 551,450 199,000 $ 158,550 0.00 Variable Amount Total Fixed per Unit Cost $ Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 0 $ OS 0 0

Required information [The following information applies to the questions displayed below] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,100 units. Sales Costs Direct materials Direct labor Sales staff commissions Depreciation Machinery Supervisory salaries PHOENIX COMPANY Fixed Budget For Year Ended December 31 Shipping Sales staff salaries (fixed annual amount) Administrative salaries Depreciation Office equipment Income Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted Income statement if 18.100 units are sold. Req 1 and 2 Req 3 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. PHOENIX COMPANY Flexible Budgets Variable costs Complete this question by entering your answers in the tabs below. Fixed costs For Year Ended December 31 Flexible Budget $ 3,171,000 996,600 226,500 60,400 300,000 199,000 226,500 253,000 551,450 199,000 $ 158,550 0.00 Variable Amount Total Fixed per Unit Cost $ Flexible Budget for: Units Sales Unit Sales of of 14,100 16,100 0 $ OS 0 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information is provided for the first month of operations for Legal Services Inc.: A. The business was started by selling $103,000 worth of common stock. B. Six months' rent was paid in advance, $4,100. C. Provided services in the amount of $1,500. The customer will pay at a later date. D. An office worker was hired. The worker will be paid $277 per week. E. Received $520 in payment from the customer in "C". F. Purchased $300 worth of supplies on credit. G. Received the electricity bill. We will pay the $120 in thirty days. H. Paid the worker hired in "D" for one week's work. I. Received $130 from a customer for services we will provide next week. J. Dividends in the amount of $1,800 were distributed. Prepare the necessary journal entries to record these transactions. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. A. B. 111
Q7
un.3
How to solve:S= 1/1.06[1-1/(1.06)^20]/1-1/1.06
1 . S u p p o s e t h a t s o m e o n e s t o l e y o u r A T M c a r d a n d w i t h d r e w P 5 0 , 0 0 0 . 0 0 f r o m y o u r c h e c k i n g a c c o u n t . H o w m u c h m o n e y c o u l d y o u l o s e i f y o u r e p o r t e d t h e s t o l e n c a r d t o t h e b a n k : a ) T h e d a y t h e c a r d w a s st o l e n b ) 6 d a y s a f t e r t h e t h e f t c ) 7 5 d a y s a f t e r r e c e i v i n g y o u r p e r i o d i c s t a t e m e n t 2 . Y o u ' r e g e t t i n g m a r r i e d a n d a r e u n h a p p y w i t h y o u r p r e s e n t b a n k . D i s c u s s y o u r s t r a t e g y f o r c h o o s i n g a n e w b a n k a n d o p e n i n g a n a c c o u n t . C o n s i d e r t h e f a c t o r s t h a t a r e i m p o r t a n t t o y o u i n s e l e c t i n g a b a n k - s u c h a s t h e t y p e a n d o w n…
500,00X 500
Calculate: 1 1 (1+ r)" х 30 where r=0.093, and n=16
What is the value of (F/G, 3.2%, 9)? O a.1.3278 O b. 38.8212 O c.10.2423 O d. 29.2383 O e. 3.7903
7-3 A
E10.15
How to do
Now, assume that the state of the limit order book is as follows just before the call of CBA's opening call auction: Buy Quantity Price $8.08 $8.01 $7.99 $7.96 $7.91 $7.87 $7.84 $7.82 0 0 0 a. $7.96 O b. $8.01 O c. Other O d. $7.99 e. $7.91 1800 800 1100 1900 800 Sell Quantity 1600 1800 1200 0 0 0 0 If no more orders are entered, the call price would be: