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lubasha
2 months ago
15

Sherburne Snow Removal's cost formula for its vehicle operating cost is $2,510 per month plus $371 per snow-day. For the month o

f March, the company planned for activity of 18 snow-days, but the actual level of activity was 17 snow-days. The actual vehicle operating cost for the month was $8,460. The vehicle operating cost in the flexible budget for March would be closest to:
Business
1 answer:
Scilla [3.8K]2 months ago
8 0
The total cost amounts to $8,817. The expense formula for Sherburne Snow Removal's vehicle is a $2,510 monthly base charge along with an additional $371 for each snowfall day. The actual activity level was 17 snow days. The flexible budget will adjust the standard costs to reflect actual utilization. The calculated fixed costs total $2,510, and the variable costs, multiplied by the number of snow days, amount to $6,307, combining for a total of $8,817.
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If the probability is 0.54 that Stock A will increase in value during the next month and the probability is 0.68 that Stock B wi
marusya05 [3725]

Answer:

The likelihood that neither of the stocks will rise is 0.14.

Explanation:

According to the Complement Rule, the combined probabilities of an event and its complement total 1.

Given the probabilities of Stock A or B increasing, to find the likelihood that neither will happen, we need to consider their complements.

The complement for Stock A =1-0.54=0.46

The complement for Stock B =1-0.68=0.32

To calculate the probability of both events not occurring, we multiply these complements.

The probability that neither of these two events occurs is 0.46 x 0.32 = 0.1472‬

7 0
2 months ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Katen [3525]

Answer:

The EPS will exceed $2.38

Explanation:

Earnings per share represent the funds available to shareholders after all expenses and taxes have been deducted. Restructuring costs are one-off expenses and are classified as other operating expenses in the Income Statement. Including these restructuring and similar charges in the Income Statement leads to reduced Earnings before Tax and eventually lower net profit. Exclusion of these costs will result in increased earnings, consequently raising the company's EPS.

7 0
2 months ago
You deposit a $100 check from a friend in your account. A couple of days later, you buy $45.20 worth of groceries and pay with a
Nady [3600]

Answer:

The total comes to $121.2.

Explanation:

You went grocery shopping and paid with a check.

Cost of groceries: $45.20.

Your check bounced, resulting in a $25 fee from the bank due to insufficient funds in your account at the time of payment for groceries.

The bank also charged your account an additional $25 for the bounced check.

The grocery store notified you that you owed them a $25 fee because of the bounced check.

You will need to pay $45.20 again.

Money order cost: $1.

Therefore, your total grocery expenditure equals:

$45.20 (actual grocery cost) + $25 (owed to the bank for your friend's bounced check) + $25 (bank fee for bounced check) + $25 (fee charged by the grocery store for the bounced check) + $1 (money order)

= $121.20.

Thus, your actual outlay for groceries amounts to $121.20.

5 0
2 months ago
Last year a certain bond with a face value of $5,000 yielded 8 percent of its face value in interest. If that interest was appro
Scilla [3833]

Answer:

The selling price of the bond is $6,154

Explanation:

Given data

face value = $5,000

interest = 8% of face value

rate = 6.5%

To determine

the bond's selling price

solution

we will calculate the interest associated with

interest = 8% of face value

interest = 8% × 5,000

interest = 400

Let’s assume the bond’s selling price is x

where

the bond selling equation will be

interest = rate × bond selling price

400 = 0.065 × x

x = 6,154

Thus, the bond’s selling price is $6,154

8 0
2 months ago
g Donald’s employer fires Donald after only four months on the job, a clear breach of Donald’s written twelve-month employment c
Scilla [3833]

Answer:

Daños compensatorios

Explanation:

En base a este escenario se puede afirmar que Donald tiene derecho aDaños compensatorios. Esto es una demanda que cubre la pérdida que la parte que no infringe incurrió como resultado de la ruptura del contrato. En este escenario, el empleador de Donald incumplió el contrato al despedir a Donald antes de los doce meses. Por lo tanto, Donald puede demandar por daños compensatorios que serían la cantidad de dinero que habría ganado en el resto de los doce meses.

8 0
1 month ago
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