Zarena was reviewing the water bill for her dog day care and spa and determined that her highest bill, $3,800, occurred in May when she washed 400 dogs and her lowest bill, $2,400, occurred in November when she washed 200 dogs. What was the variable cost per dog associated with Zarena's water bill? A) $6.00 B) $12.00 C) $9.50 D) $7.00
Q: Please answer
A: Step 1: Given Value for Calculation Investment = i = $300,000Net Income = ni = $45,000 Step 2:…
Q: A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of…
A: Computation of the selling price of bonds if market yield for bonds of similar risk and maturity is…
Q: Financial accounting
A: Step 1: Raw Material PurchasedGiven Information: Raw materials purchased on account is…
Q: Business 123 Introduction to Investments May I please have the solution for the following writing…
A: ReferencesBodie, Z., Kane, A., & Marcus, A. J. (2021). Investments. McGraw-Hill…
Q: Overapplied Or Underupplied?
A: Step 1: Calculate the Predetermined Overhead Rate: Estimated Overhead Costs / Estimated Direct Labor…
Q: A delivery service recorded beginning petty cash of $500, received reimbursements of $1,200, and…
A: Calculation of Cash over or Short amount:(Beginning petty cash balance + reimbursement received -…
Q: nedd full amswer in details
A: 1. Calculate the Future Value after the 6-month deferral period:FV=PV×(1+r)defer…
Q: General Accounting Question please answer not use chatgpt
A: STEP 1: Calculate the Net Income. This is the difference between sales and all the associated costs…
Q: Need help with this accounting problem
A: Step 1: Define Investment IncomeIncome which is earned due to amount invested into financial…
Q: Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V…
A: Step 1: Book reconciling items Increase in cash: Notes and interest collected are not yet added in…
Q: Accounting
A: Explanation of Capital Expenditure:Capital expenditure, often referred to as "CapEx," is the money…
Q: Provide solution this accounting question ai answer not expected
A: Explanation: EBIT is calculated using the following equation:EBIT = [(Sale price per unit - Variable…
Q: General Accounting: 2.3 (7 Marks)
A: Step 1: Supplies Expenses can be calculated by subtracting the Supplies remaining on December 31…
Q: Give true answer this accounting question
A: Step 1: Define Interest expensesExpenses businesses pay for using borrowed money are called interest…
Q: Subject: Financial Accounting
A: We must assess each candidate's cost-effectiveness by counting the number of units they can sell for…
Q: On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account…
A: Detailed explanation:Common Shares Outstanding on Jan. 29 : Balance Jan 1, 10,000…
Q: Texas Oil Co. transports crude oil to its refinery where it is processed into main products…
A: Adjusted Joint CostsJoint processing costs: $5,000,000Less: Base oil revenue: $500,000=…
Q: Financial Accounting
A: Step 1: Define Property, Plant and EquipmentProperty, Plant, and Equipment are tangible, non-current…
Q: Capital Expenditure?
A: Step 1: To calculate the total capital expenditure, you need to add the purchase price of the…
Q: Taxable income & tax liability?
A: Explanation of Sales: Sales refer to the total revenue generated from selling goods or services to…
Q: Answer want
A: Explanation of Total Income: Total income, also known as gross income, is the total amount of money…
Q: Need answer
A: Step 1: Define Accepting Special OrderIn accepting special orders, the company must consider if…
Q: ! Required information [The following information applies to the questions displayed below.] Troy…
A: Calculate the total gain on the sale:{Total Gain} = {Selling Price} - {Purchase Price}Total Gain=…
Q: Need help with this accounting question
A: Step 1: Define PortfolioPortfolio is the collection of financial instruments like securities,…
Q: find Out Solutions
A: Step 1: The IASB is responsible for developing and promoting International Financial Reporting…
Q: General Accounting
A: Step 1:- Introduction to the Cost Per UnitThe cost per unit is an important measure in production…
Q: Solve this one
A: Step 1: Define High-Low MethodHigh-Low Method is a method of computing the variable and fixed cost…
Q: Question: Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover…
A: Explanation of Asset Turnover: Asset turnover is a financial ratio that measures how efficiently a…
Q: Get answer
A: Explanation of Assets: Assets are resources owned by a company that have economic value and can be…
Q: detailed solution needed
A: Problem Setup: We need to find the total corporate value using the Gordon Growth Model, given:FCF₁…
Q: Hi give Answerr
A: Step 1: To determine the relevant unit cost for this make-or-buy decision, we need to identify the…
Q: Hulme Company operates a small manufacturing facility as a supplement to its regular service…
A: 1. First, let's calculate the annual depreciation expense:Original cost = $153,800Residual value =…
Q: Question 29
A: Step 1: The amount of gain or loss on the sale of furniture to be included in the entry can be…
Q: Accounting Problem
A: Explanation of Pre-tax Income: Pre-tax income, also known as earnings before tax (EBT), represents a…
Q: please provide solution of this Question
A: Step 1 : Define High-Low Method in Calculating the Variable and Fixed ComponentsOne of the many…
Q: Safari File Edit View History Bookmarks Window Help Mc ✓ M Question 5 - Week 11 - Homework #7 (100…
A: DrCrSalaries expense720 Salaries Payable 720(3 days salaries outstanding 3 * 240 = $720) Part 2…
Q: Use the cash flow statement of Apple inc company to develop a cash budget for three months which is…
A: I used the following procedures to make this three-month financial budget:Annual Cash Flow…
Q: Based on predicted production of 25,900 units, a company budgets $260,000 of fixed costs and…
A: 1. Determine the Variable amount per unit by dividing the planned total variable costs using the…
Q: Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for…
A: ExplanationsGiven information:Sales increase to $4.6 million in 2020.Dividends increase to…
Q: Give correct answer
A: Explanation of Book Value: Book value represents the net worth of an asset in the company's…
Q: View the transaction and its impact on the Balance Sheet. Transaction 4: Our company performs…
A: Detailed explanation:The Transaction: The company provides services worth $10,000 to a customer, and…
Q: What is the actual cost per yard of fabric purchased on this accounting question?
A: Step 1:- Introduction to the VarianceA variance occurs when the standard and actual costs differ…
Q: Need answer the general Accounting question
A: Step 1:- Introduction to the Price to EarningsThe price to earnings ratio (P/E) is a valuation…
Q: Rockwell Corporation uses a periodic inventory system and has used the FIFO cost method since…
A: Difference in Inventory Valuation:FIFO Ending Inventory is calculated using the last units…
Q: A storage tank, acquired at the beginning of the fiscal year, at a cost of $240,000 has an estimated…
A: Explanation of Cost: Cost is the initial amount paid to acquire an asset, including any necessary…
Q: Subject: financial accounting
A: Explanation of Investment Amount: The investment amount is the total capital put into a project or…
Q: Mr A and Mrs A, married couple and residents of Philippines had the following data in 2018:…
A: Step 5: Adjust for CPG Rules According to CPG rules, the taxable net estate may be further adjusted…
Q: Please illustrate how to find the sales revenue, COGS, Insurance expense, and salaries expense for…
A: 1) Let's analyze each item:Sales Revenue:- Change in Accounts Receivable: Dec (3,000) - Nov (10,000)…
Q: Wolverine World Wide, Incorporated, designs, markets, and licenses casual, industrial, performance…
A: Let's analyze each transaction and determine its effect on the balance sheet and income statement.a.…
Q: Prblm
A: Explanation of Land Account: The land account in a company's balance sheet represents the cost of…
Need answer the accounting question
Step by step
Solved in 2 steps
- Can answer the question?Ron Moss, a manager of Waterworks Inc., was reviewing the water bills of a dog daycare and spa. He determined that its highest and lowest bills of $3,800 and $2,400 were incurred in the months of May and November, respectively. If 400 dogs were washed in May and 200 dogs were washed in November, what was the estimated cost, If 500 dogs were washed in December? Group of answer choices are listed below: $ 3,735 $3,573 $3,100 $2,500Kings park water works user water meters that measure water usage in ccf. They charge $0.22 per ccf water. If Bella’s previous water meter reading was 34,412 and her present water reading is 36,209, what was her water bill for the server period
- Radien runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is $1,100. Raiden spends $2.50 on each hot dog sold, including bun and condiments. She sells each hot dog for $5.00. 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. Predict operating income for a month in which Raiden sells 1,300 hot dogsTracy is unsure how much to charge for the cupcakes. When she was making the cupcakes by herself and only rented a small storefront that was only open on weekends, she calculated the cost per cupcake based on the cost of ingredients and she added 50% to that cost to cover all of her other expenses. She is not sure if that was accurate. Tracy has asked you to help her determine the cost per cupcake. She has given you her estimated total for each expense. She does not know how to allocate her overhead costs. She also knows that some of her costs are product costs and some are period costs. She has given you a list of costs and needs you to, first, determine which costs are period costs and which costs are product costs and, secondly, determine which are direct materials, direct labor, and factory overhead. She believes that the best cost driver for the factory overhead costs to be the number of cupcakes baked and sold. Your assignment is to calculate the cost per cupcake and…Kara Meyer, owner of Flower Power, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Meyer wants to set the delivery fee based on the distance driven to deliver the flowers. Meyer wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months: (Click the icon to view the data.) Read the requirements. Requirement 1. Determine the company's cost equation (use the output from the Excel regression). (Ro y = x + Data table Month January.. February March April May June July Miles Driven 16,400 17,500 15,000 16,100 17,300 15,600 14,500 Print Van Operating Costs $5,480 $5,400 $4,950 $5,270 $5,740 $5,440 $4,680 Done - X
- Can you please solve this accounting question ?The variable cost was 5.40Andrew Sinclair operates a lawn care business. He offers customers a choice of two services. The first service, basic lawn care, includes mowing and trimming of all lawn areas. Andrew bills these customers $38 per hour, and his variable cost for providing this service is $26 per hour. Andrew also offers deluxe lawn care services, which includes flower bed maintenance in addition to basic lawn care. He bills his customers $61 per hour for this service, and his variable cost for providing this service is $25 per hour. Andrew currently spends 1 hour of his time providing deluxe lawn care services for every 3 hours of basic lawn care services. Andrew also incurs $137,376 in fixed costs per year running his business. What is Andrew's profit equation?
- Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 × 50 equals the total rooms rented for the year). Tim's cost to clean a room is $12.50. The Duffy's Maid Service quote is $18.50 per room plus a fixed cost of $25,000 for sundry items such as uniforms with the motel's name.Tim's annual fixed cost for space, equipment, and supplies is $60,000. Based on the given information related to costs for each of the options, the crossover point for Tim =_________ room nights (round your response to the nearest whole number).Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 x 50 equals the total rooms rented for the year). Tim's cost to clean a room is $13.00. The Duffy's Maid Service quote is $18.00 per room plus a fixed cost of $26,000 for sundry items such as uniforms with the motel's name. Tim's annual fixed cost for space, equipment, and supplies is $61,000. Based on the given information related to costs for each of the options, the crossover point for Tim = ☐ room nights (round your response to the nearest whole number).Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 × 50 equals the total rooms rented for the year). Tim's cost to clean a room is $13.00. The Duffy's Maid Service quote is $19.00 per room plus a fixed cost of $26,000 for sundry items such as uniforms with the motel's name. Tim's annual fixed cost for space, equipment, and supplies is $61,000. Based on the given information related to costs for each of the options, the crossover point for Tim = room nights (round your response to the nearest whole number).