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.
Answer:
-4 units
Explanation:
Applying the midpoint method, Blake's income elasticity of demand for generic potato chips is determined by multiplying the change in demand (D) by his average income (I), then dividing by the product of the change in income and average demand:
Thus, Blake's income elasticity of demand equals -4 units.
The gain amounts to $370
Reasoning:
To determine the gain or loss for the date 12/31/2018, according to ABC's amortization schedule
On this date, the carrying value was $196,370 while ABC procured the bonds back for $196,000 on 12/31/2018
Now let’s compute the gain or loss using this formula
Gain/Loss = Carrying value - Bond stock
Substituting into the formula gives us Gain/Loss =$196,370-$196,000
Gain/Loss=$370
Therefore, on the date 12/31/2018, ABC will show a gain of $370
Answer:
$21,370.1071
Explanation:
The calculation for the present value of this perpetuity is as follows:
= Present value five years later + present value at the time of purchase
where,
The present value after five years is
= ($1,000) ÷ (1.04)^5
=$821.9271
Additionally, the present value at the purchase time is
= $821.9271 ÷ 4%
=$20,548.18
Thus, the total present value of the perpetuity is
=$821.9271 + $20,548.18
= $21,370.1071
