Sales salaries and commissions are $10,000 when 80,000 units are sold, and $14,000 when 120,000 units are sold. Using the high-low method, what is the fixed portion of sales salaries and commissions? a. $ 2,000 b. $ 4,000 c. $10,000 d $12.000

Sales salaries and commissions are $10,000 when 80,000 units are sold, and $14,000 when 120,000 units are sold. Using the high-low method, what is the fixed portion of sales salaries and commissions? a. $ 2,000 b. $ 4,000 c. $10,000 d $12.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 2. Suppose Grandma wants to accumulate $100,000 for her grandchild's college education in 18 years.…

A: Answer - 2 Future Value = Present Value / (1+ r)n Future Value…

Q: все Google Chrome - D... My Learning Progre... N Northwestern Univ... Solution Manual Fo... Business…

A: Step 1: The calculation of future value ABCDD1YearCashflowYears remaingFVF @ 7.90%FV of Cashflow21 $…

Q: REINFORCE YOUR SKILLS 10-1 Analyze and Record Transactions Sadie has left a stack of miscellaneous…

A: Bank reconciliation statement refers to a reconciliation between the entries entered in the cash…

Q: +V My Questions | bartleby b References Chapter 3 Quiz Camden County College…

A: Calculate total conversion cost:Total conversion cost = Total manufacturing cost - Total direct…

Q: Reading Strategies 6:Question 1 Read the sentence. dresser came from my grandmother's attic." Which…

A: Connotation refers to the emotional connection associated with a word. Positive connotation means…

Q: Cost of ending inventory b. Calculate the cost of goods sold using the LIFO (en Cost of goods sold

A: LIFO (Last in first out) It is an accounting method to record inventory and finding cost of goods…

Q: Required information [The following information applies to the questions displayed below.] Following…

A: T accounts are the general ledger accounts that are being used by the company for posting of…

Q: Ajit and Preena are married. Ajit is 63 years old; Preena is 60 years old. Ajit retired earlier this…

A: Answer :- Ajit's RRIF withdrawals The pension income splitting provision is only applicable in the…

Q: What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary…

A: Ordinary interest is a type of interest calculation that is based on the original principal amount…

Q: Akira and Tori Chang received a total of $48,000 from a deceased relative's estate. They decided to…

Q: Diego Rivera was born in Mexico. When he was a child, Diego liked to draw everywhere. He even drew…

A: A mural is defined as the large work of an art on the wall directly. This technique of art requires…

Q: (ADLA), Maria is a divorce attorney who practices law in San Francisco. She wants to join the…

A: Given: Annuity due Annual payment “PMT” = $500 Annual interest rate “r” = 8.5% Cost of lifetime…

Q: ding Chat Which of the following statements regarding mutual fund fees is correct? O Redemptions are…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Homework 1. What is the purpose of life insurance? Do you think everyone needs life insurance?…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: GATES GEMS INVOICE 111 Main Street Anytown, USA 12345 Phone 704-555-1212 DATE: July 14, 20XX INVOICE…

A: Here in this question, we are required to make entry for repairs. Journal entry is made for…

Q: Aid X Home | Federal Student Aid X Filling Out the FAFSAⓇ Form X M Question 2-CH3 HW3.1-C X G Arnez…

A: The objective of the question is to prepare adjusting entries as of December 31 and to prepare…

Q: CHP finds out on May 10th that Customer W's account receivable for $1,000 from services provided…

A: Accounts receivable is an asset for the firm which represents an amount due from a customer.…

Q: Name: Email: Cardo Dalisay Lebron James Cardo.D@gmail.com Lebron.J@gmail.com Fernando Poe…

A: Lookup value = B8 Table Array = Data table except headings Col. Index = 2 (Emails are given in the…

Q: Chapter 4 Assignment Maria is a divorce attorney who practices law in San Francisco. She wants to…

A: Present value of annuity Annuity is a series of equal payment at equal interval over a specified…

Q: Problem Set 1: Finance Pr Score: 2/50 1/20 answered Question 16 You can afford a $250 per month car…

A: Present value Present value is the present worth of any sum of a money to be received in the future…

Q: Chec Telemarketers receive $10 commission on all new customers that sign up for cell phone service…

A: A commission seems to be compensation paid to salespeople by a company in consideration because of…

Q: Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2019, that pay interest…

A: A bond refers to the instrument which is issued by the government to borrow money when needed. It is…

Q: EX 20-14 Cost per equivalent unit OBJ. 2 The following information concerns production in the…

A: Given, Beginning work in process = 900 units Units started = 12,900 units Ending work in process =…

Q: Practice The company lent $5,000 on July 1, 20XA at 10% interest for 9 months. Determine interest…

A: Interest revenue is the amount of interest which is earned on the amount lent. It is calculated by…

Q: I need to figure out the office equipment and computer equipment depreciation expense. Can you help?

A: Depreciation is the allocation of cost of asset over the useful life of the asset. It can be charged…

Q: PersonalBudget(1) (Protected View) - Exce File Home Insert Page Layout Formulas Data Review O Tell…

A: Building financial goals are important in every stage of life. It gives a clear vision of the future…

Q: Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM,…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Howick Inc. is trying to decide whether to purchase Machine A or Machine B. Below are the associated…

A: Relevant cost is an avoidable cost used for decision-making. These types of costs are based on…

Q: Solve question With given worksheet Also another question what accounts are to be credited and…

A: Solution- Date Particulars Amount Amount A may 1 petty cash--------------------------DR…

Q: On July 1, 2020, Matthew Victor opened a retail postal store. During July, the follo transactions…

A: Journal entries are defined as posting of the transaction that are of monetary nature into books and…

Q: Suppose that Robert Jones purchases a €100 gift voucher at Carrefour (FRA) on H December 24, 2011,…

Q: Describe the difference between direct and step-down methods to allocate service department costs to…

A: Service departments are those department which provides services to other departments like other…

Q: Sheet 3- Time Comparison 1. At the bottom of the page, click on Sheet 3. If you're using Google…

A: The question needs assumptions of payment amount "P", rate "i" and number of payments per year "n".…

Q: (Pertaining to Cash Receipts Journal and Deposit column of the bank statement) 1. How much is the…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: There are steps to getting a credit card. Please choose the answer that list the first 4 steps in…

A: A credit card is a thin card issued by a bank to its trustworthy customers. A credit card allows the…

Q: Can someone anwser and help me through these please? Thank you!

A: Federal Income taxes While calculating the federal income tax there are certain criteria and tax…

Q: B D E F G H When a close family member passed away, an inheritance of $(A) was deposited into an…

A: Future value of amount include the amount being deposited over the period of time and amount of…

Q: he plans to acquire a retireme on, he made a number of dis 21/22. uld be exempt or wholly relie

A: Here discuss about the details of the capital gain taxes which are applicable in the different…

Q: Bowman Corporation is considering an investment in special-purpose equipment to enable the company…

A: Pay back Period = Cash Outflow / Annual Cashflow Return on Average Investment = Net Income /…

Q: Suppose you found a CD that pays 4.9% interest compounded monthly for 6 years. If you deposit…

A: A - Amount in account after 6 years: With Formulas Therefore, Amount in Account after 6…

Q: nt Aid Home | Federal Student Aid Filling Out the FAFSA® Form F X M Question 6-CH4 Class - Connec X…

A: The objective of the question is to classify the given account titles into the appropriate…

Q: Which onscreen form is usually used to record a sales transaction that the customer will pay later?…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers.…

A: Revenue recognition is a GAAP that defines and accounts for the exact criteria under which revenue…

Q: Aid Home | Federal Student Aid X Filling Out the FAFSAⓇ Form | Fox M Question 2-CH4 Class-Connec X G…

A: The objective of the question is to prepare closing journal entries from the given ledger accounts…

Question

100%

Hi My question in photo Thank you so much

Quick Check r
Sales salaries and commissions are $10,000
when 80,000 units are sold, and $14,000 when
120,000 units are sold. Using the high-low
method, what is the fixed portion of sales
salaries and commissions?
a. $ 2,000
b. $ 4,000
C. $10,000
d. $12,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Only mathematics step with explanation
please help with the question that is attached as a picture. thanks
I need the answer as soon as possible
Please help me do excercise 6-13 thanks so much
1_Contracts (2) - Protected View • Saved to this PC - O Search (Alt+Q) Love yout References Mailings Review View Help oft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing. En Question 1 Ellie owned a 1926 Barker Salamanca Rolls Royce and, in order to raise a deposit for her new house, she decided to sell the Rolls Royce to Sam, a mechanic, for $50,000. As part of the deal, Ellie agreed to have it restored for Sam. Ellie asked Richard, a vintage car restorer, to carry out the work within eight weeks for $8,000. A month later, Ellie was worried that Richard would not meet the deadline and, eventually offered him an extra $2000 if the restoration was completed on time. Sam was anxious to have the car on time as he was going to sell it on and had a purchaser for it, so he offered to give Richard $500 for doing the work. Richard completed the restoration on time but Ellie has refused to pay him the extra $2,000,…
Optional. P Search vout References Mailings Review View Help Aav Aoミ、E、、三E4T AaBbCcDc AaBbCcDc AaBbC AaBbCcl AaB ン、A、三三三加、、田 I Normal 1 No Spac. Heading 1 Heading 2 Title Paragraph Styles 4. Jeff, age 50, is thinking of purchasing a S100,000 permanent life insurance policy to fund a gift to his local hospital. He was recently treated there after an automobile accident. He does not expect the policy to be surrendered for a number of years and is concerned that inflation might erode the value of his gift. Which of the following products would best suit Jeff's needs? (A) A whole life participating policy with dividends used to reduce the annual premium. (B) A term to 100 life insurance policy. (C) A whole life participating policy with a paid-up additions dividend option. (D) A whole life non-participating policy.
Screenshot of question is attached. thanks in advance
M Federal Financial Aid P x Students Home Ch. 7 Quiz: Invoices, Tr X A Ch. 7 Quiz: Invoices, Tr X W Ch. 7 Hmwk Invoices, X Students Home i webassign.net/web/Student/Assignment-Responses/last?dep=27277752 Apps M Gmail YouTube A Maps No. R-7539 Panorama Products INVOICE DATE June 16, 20XX 486 5th Avenue CUSTOMER'S ORDER NO. 14155 Eureka, CA 95501 FOl dIHS SAME J.M. Hardware Supply 2051 West Adams Blvd. Lansing, MI 48901 SALESMAN SHIPPED VIA Marshall Trucking TERMS Net 30 Days Effingham, IL H. Gilbert QTY. ORDERED QTY. SHIPPED DESCRIPTION LINO 17 cases Masking Tape 1/2" Standard $21.70 11cases Masking Tape 1 1/2" Standard 2" Reflective Tape saxoq 97 37case 37case Sandpaper Assorted INVOICE SUBTOTAL SHIPPING CHARGES Insurance 66 INVOICE TOTAL Type here to search M ins prt sc 144 9.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Please do not give solution in image format thanku
Question is attached in the screenshot thanks for the help greatly appreciated 13y14yko1yko15kyo1yk15oky1o5kyokxfdok
in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!