Winter Sports Rental tracks daily equipment rentals. Saturday shows: ski sets 22 at $45 each, snowboards 16 at $40 each. The rental revenue: a) $1,630 b) $1,620 c) $1,640 d) $1,610
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- Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tourshires Rocky to lead various tours that Wilderness sells. Rocky receives $1,000 per tour day, and shortly after theend of each month Rocky learns whether it will receive a $100 bonus per tour day it guided during the previousmonth if its service during that month received an average evaluation of “excellent” by Wilderness customers. The$1,000 per day and any bonus due are paid in one lump payment shortly after the end of each month.∙ On July 1, based on prior experience, Rocky estimated there is a 30% chance it will earn the bonus for Julytours. It guided a total of 10 days from July 1–July 15.∙ On July 16, based on Rocky’s view that it had provided excellent service during the first part of the month,Rocky revised its estimate to an 80% chance it would earn the bonus for July tours. Rocky also guided customers for 15 days from July 16–July 31.∙ On August 5 Rocky learned it did not…For problems 15-18, Find the (a) down payment and (b) amount financed 15. Lawrence Huber purchased the finance of a $8,371.39 snowmobile with a 15% down payment 16. Bailey Ruffin bought a new motorcycle for $18,936.50 and made a 30% down payment. 17. Devon Gallagher purchased home entertainment equipment for $4,020.19 using the store's credit plan. He made a 20% down payment. 18. Linda Cusack purchased a $279.50 stereo player for her car. Using the store's credit plan, she made a $50 down payment. 15a 15b 16a 16b 17a 17b 18a 18bCurt Rugs is holding a 2-week carpet sale at Jean's Club, a local warehouse store. Curt Rugs plans to sell carpets for $1,000 each. The company will purchase the carpets from a local distributor for $400 each, with the privilege of returning any unsold units for a full refund. Jean's Club has offered Curt Rugs two payment alternatives for the use of space. Read the requirements. Requirement 1. Calculate the breakeven point in units for (a) option 1 and (b) option 2. Begin by determining the formula to calculate the breakeven point in units. Number of units to breakeven More Info • Option 1: A fixed payment of $17,400 for the sale period • Option 2: 20% of total revenues earned during the sale period Assume Curt Rugs will incur no other costs.
- Magical Memories sells Florida theme park vacation packages to various customers throughout the United States. Magical Memories receives a 5% commission based on the total price of the vacation package. A customer purchased the Deluxe Package valued at $15,000. Required: Prepare Magical Memories’s journal entries to record sale of the vacation package, the receipt of cash from the customer, and the remittance to the theme park.The following represents the financial information for Plaza Plastics for May and June: June $636,000 Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims Materials inspection Required A Required B Prevention May $ 843,000 % $ 2,160 3,040 23,940 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. June 5,340 8,580 3,540 Complete this question by entering your answers in the tabs below. % 19,940 16,380 7,980 11,460 Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). May $ 1,870 1,920 11,880 4,500 6,480 3,240 16,830 8,730 4,500 11,340Costs assigned to an activity pool for teaching children to swim at the county park are $2,700 per month. Number of students is chosen as the cost driver. On average, 300 students take swim lessons monthly. What is the ABC allocation rate for this activity? O Not enough information given $27.00 $9.00 O s0.90
- Calculate the total cost to rent the equipment shown In the table for 3 months.A 250.Dizzy Amusement Park is open from 8:00 am till midnight every day of the year. Dizzy charges its patrons a daily entrance fee of $30 per person which gives them unlimited access to all of the park's 35 rides. Dizzy gives out a free T-shirt to every 100th customer entering the park. The cost of this T-shirt would best be described as a:
- ABC company has a contract to sell 200 bikes to a customer for $400 each and the customer has the right to return the bikes within 30 days for a full refund. Based on past experience the entity places the following probabilities on the number of bikes the customer is expected to return: Number of bikes returned Probability of outcome 0 25% 1 20% 2 28% 3 12% 4 15% Using the ‘expected value’ method, calculate the amount of revenue received from customers. Note: Provide all the calculations, do not just write the final answer.Outdoor Expo provides guided fishing tours. The company charges $300 per person but offers a 20% discount to parties of four or more. Consider the following transactions during the month of May.May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($1,200 = $240 × 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 6% discount for payment within 15 days.May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught. May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 30% of the amount due. May 20 Charlene pays for the tour after deducting the sales…At Lowe's, each contractor receives 5% discount for his purchases. A contractor buys a saw which is listed at $149 less 10% What is the actul price paid by the contractor? Select one: A. $127.40 B. $134.10 C. $141.55 D. $128.68 E. $129
