You gun a school in Florida. Fixed monthly cost is $5,689.00 for rent and utilities, $5,807.00 is spent in salaries and $1,772.00 in insurance. Also every student adds up to $93.00 per month in stationary, food etc. You charge $710.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,056.00, salaries to $6,925.00 and insurance to $2,056.00 per month. Variable cost per student will increase up to $177.00 per month. However you can charge $1,053.00 per student. At what point will you be indifferent between your current mode of operation and the new option?
Q: Liabilities a. possess service potential. O b. O c. d. are things of value used by the business in…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 18. Which one of the following items is classified as an investing activity? O A. Receipts of cash…
A: Investing activities refers to the purchase and sale of long-term assets and other business…
Q: If the prime cost is 87 000$ and direct labor cost is 52 000$ than direct material would be: O a. 87…
A: The sum total of Direct Material cost and Direct Labor cost used to manufacture a product, is known…
Q: Which of the following statements describes the statement of cash flows? Group of answer choices…
A: Statement of Cash Flow - This statement includes movement of cash during financial year. Such…
Q: Compute the income tax payable for 2X18.
A: Income tax payable which are payable by the corporation which are international carrier which are…
Q: Advanced Learning Institute, an educational institution, provided the following data for the current…
A: Given that, School miscellaneous fees = P1,500,000 Income from tuition fees = P3,500,000 Dividend…
Q: 6. It is a redistribution of income and wealth through government making a payment,without goods or…
A: Here asked for multi question as per guideline we will solve for first question for you. If you…
Q: Which of the following is not recorded as a business transaction of a sole trader who uese an…
A: The business transactions that are recorded in the book of accounts are the transactions that can be…
Q: Journais March 1 Invested OMR 10,000 as capital March 3 Purchased office furniture for OMR 3,000…
A: Lets understand the basics. Journal entry is required to make to record event and transaction that…
Q: Listed below are several costs incurred during the year. For each cost match the classification that…
A: Ans. Period costs are the costs that are not directly incurred on manufacturing or production but…
Q: On January 1, 2019, XYC Company issued P6,000,000 of its 8%, 6 year bonds at P110. Interest is…
A: You have posted multiple-part questions & as per our policy, only the first three parts are…
Q: Waste Disposal, Inc. provided the following information concerning its accounting records: Sales…
A: >Account receivables are the balances of customers or borrowers who owe the business certain…
Q: PROBLEM 23-4 Issuance of Treasury Shares On February 14, 2021 Karen Inc. exchanged 2,000 shares of…
A: Treasury Stock- A corporation records the repurchased stock as treasury stock when it buys back its…
Q: acob Mills has provided you with the following information: 2019 2020 2021 Taxable capital…
A: Capital Gains : When the organisation or individual sold its capital assets at profit, then that…
Q: Crispo. co is a potato crisp manufacturing company with a brand image built on luxury it has an…
A: What is big data analytics? Big data analytics is analyzing large volume of data from different…
Q: REQUIRED (a) (b) Prepare the statement of financial performance for the year ended 30 November 2019.…
A: Financial statements are prepared at the end of accounting period for review of profitability and…
Q: 1. Pioneer College, a private educational institution, has presented the following data for the…
A: Introduction: Private educational institutions, whether stock or non-stock, must pay a 10% tax on…
Q: A client owns a bakery that has been in business for three years. he has reached out to you, her…
A: When the taxpayers are able to deduct extra depreciation equal to a huge percentage of the cost of…
Q: Accountants refer to an economic event as a
A: The accountant is the person that keeps a record of all transactions of the company. The accountant…
Q: The following information applies to RTC Logistics Ltd.: Operating income (EBIT)…
A: The P/E ratio is calculated by dividing the market value price per share by the company's earnings…
Q: how arrived Purchase of fixed assets (10,20,000)
A: Introduction: Fixed assets are long term assets of the organization which are used in the business,…
Q: Analyze the truth of these statements: Assume a corporation issued $2,000,000 of common stock in…
A: If cash is paid in exchange for fixed assets then it will be shown under cash flow under investing…
Q: a) The overhead application rates for the month. b) The overhead cost of each job. c) The total cost…
A: Predetermined rate for the factory overhead is the rate which is applied by the company for in order…
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: National Inc. has forecasted that its net income will be P520,000. The company has an debt-to-equity…
A: debt-to-equity ratio of 25% means that for every one 1P invested in the company, about 25% come…
Q: The following selected accounts from the Culver Corporation’s general ledger are presented below for…
A: The income statement is prepared to record the revenues and expenses of the current period and…
Q: 2020 2019 Net sales........ Total Expense..........….…..….….. P2,200,000 P2,000,000 1,998,000…
A: Formula used: Difference amount = 2020 values - 2019 Values. Deduction of 2019 values from 2020…
Q: The Ohio Corporation had a 2018 taxable income of $50,000,000 from operations after all operating…
A: Tax liability is the amount which is computed by applying the tax rate applicable as per the tax…
Q: 7. Y Corporation, a family-closed corporation, had the following selected data for 201A, the…
A: An accumulated gains tax is a federal government tax levied on businesses that have unreasonably…
Q: Drilling Company produces oil. It purchased land (and the underlying mineral rights) for…
A: IRS allows deduction for depletion based on two methods Cost method Percentage method Under the…
Q: Windsor Leasing Company signs an agreement on January 1, 2020, to lease equipment to Cole Company.…
A: Journal entries should not be used to record routine transactions such as customer charges and…
Q: Equipment was acquired at the beginning of the year at a cost of $75,720. The equipment was…
A: Introduction: A record is often kept in the general ledger, but it can also be kept in a single…
Q: Bad Burgers recorded food and drink sales of $350,000 for the financial year.The expenses amounted…
A: Introduction: Profit is defined as the financial advantage realized when the income generated by an…
Q: C. At the end of the year records show that the actual overhead costs incurred were 10,870 and the…
A: Introduction: The term "applied overhead" refers to a fixed rate billed to a specific production…
Q: Selected comparative financial statements of Korbin Company follow. Comparative Income Statements…
A: Under vertical analysis assets and liabilities are classified as a percentage of those of a base…
Q: Using the Exhibit below, assume that the depreciation expense on the Income Statement for the year…
A: Non Items in cash flow - While preparing cash flow through indirect method. It starts with net…
Q: If the cash account balance on the balance sheet is $25,000, total current assets is $150,000, and…
A: Under the vertical analysis, balance sheet items (assets) are shown as a percentage of total assets…
Q: Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based…
A: .Two of the important methods are the standard costing and activity-based costing for allocating…
Q: Len Kumar started his own consulting firm, Kumar Consulting, on June 1, 2017. The trial balance at…
A: In the context of the given question, we are required to prepare the ledger in the books of Kumar…
Q: Which of the following would not explain the difference between current and non-current assets?…
A: What are currents assets and non current assets let us understand that first. Current assets are…
Q: Calculate the cost of goods available for sale. Calculate (a) ending inventory and ( b) Cost of…
A: FIFO METHOD:— In this Method, Firstly First input is used for sales or output. It stands for 'first…
Q: $6,000
A:
Q: An investor buys a five-year, 7.5% annual coupon bond priced to yield 5%. The investor plans to sell…
A: Macaulay duration=∑Present Value of Time-Weighted Cash Flows∑Present Value of Cash Flows
Q: 3. Norte De University, a proprietary educational institution, has the following selected…
A: The following tax rates are applicable in Philippines for the year 2018:
Q: Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common…
A: Net income of the corporation=$360,000 Number of common shares outstanding=100,000 Number of…
Q: 1. What is not a cloud computing benefit? a) Accessibility improvement b) Safer storge c) A and B d)…
A: Increased cost is a disadvantage of incorporating cloud computing, hence cannot be considered as an…
Q: Question 13 of 20 Select the best ariswer for the question 13. Which of the following transactions…
A: The payment of employers salaries will effect the net income as it is profit or loss item salaries…
Q: An investor buys a five-year, 7.5% annual coupon bond priced to yield 5%. The investor plans to sell…
A: Horizon yield is the sum total of the internal rate of return and the current purchase price of the…
Q: Corporation owns a residential house with a fair market value of $10,000,000 and a carrying amount…
A: Fringe benefits tax refers to the tax levied by the authoritative government over the perks received…
Q: Palabala prepares monthly cash budgets. Relevamt data from assumed operating budges for the first…
A: Purpose of creating cash budget is to analyze cash inflow and outflow of cash transactions. This…
Step by step
Solved in 2 steps
- You run a school in Florida. Fixed monthly cost is $5,201.00 for rent and utilities, $6,083.00 is spent in salaries and $1,053.00 in insurance. Also every student adds up to $95.00 per month in stationary, food etc. You charge $653.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,480.00, salaries to $6,166.00 and insurance to $2,034.00 per month. Variable cost per student will increase up to $173.00 per month. However you can charge $1,155.00 per student. How much do you currently charge per student? Submit Answer format: Number: Round to: O decimal places.You run a school in Florida. Fixed monthly cost is $5,220.00 for rent and utilities, $5,974.00 is spent in salaries and $1,762.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $612.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,325.00, salaries to $6,544.00 and insurance to $2,172.00 per month. Variable cost per student will increase up to $157.00 per month. However you can charge $1,180.00 per student. At what point will you be indifferent between your current of operation and the new option? PLEASE SHOW EASIEST MOST SIMPLE WAY TO FIND THE ANSWERYou run a school in Florida. Fixed monthly cost is $6,000.00 for rent and utilities, $6,105.00 is spent in salaries and $1,241.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $625.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,084.00, salaries to $6,473.00 and insurance to $2,057.00 per month. Variable cost per student will increase up to $187.00 per month. However you can charge $1,030.00 per student. At what point will you be indifferent between your current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places.
- You run a school in Florida. Fixed monthly cost is $5,128.00 for rent and utilities, $5,990.00 is spent in salaries and $1,478.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $708.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,370.00, salaries to $6,095.00 and insurance to $2,136.00 per month. Variable cost per student will increase up to $171.00 per month. However you can charge $1,193.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. Submit Answer format: Number: Round to: 3 decimal places.You run a school in Florida. Fixed monthly cost is $5,373.00 for rent and utilities, $6,124.00 is spent in salaries and $1,233.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $668.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,770.00, salaries to $6,328.00 and insurance to $2,315.00 per month. Variable cost per student will increase up to $158.00 per month. However you can charge $1,109.00 per student. At what point will you be indifferent between your current mode of operation and the new option?You are thinking of buying a house beside the College which you will rent to students. You expect to receive $1,125 a month in rental income. Your real estate agent estimates that you will be able to sell the property for $225,000 at the end of 24 months. You'd like a return of at least 0.4% per month. What is the most that you should pay for the house, assuming that you will purchase the house today and receive the first (beginning of month) rental payment today. What is the most that you should pay for the property today? (Round to the nearest dollar.)
- 1. You run a school in Florida. Fixed monthly cost is $5,764.00 for rent and utilities, $5,522.00 is spent in salaries and $1,525.00 in insurance. Also every student adds up to $103.00 per month in stationary, food etc. You charge $652.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,802.00, salaries to $6,041.00 and insurance to $2,231.00 per month. Variable cost per student will increase up to $188.00 per month. However you can charge $1,165.00 per student. How much do you currently charge per student? 2.You run a school in Florida. Fixed monthly cost is $5,674.00 for rent and utilities, $5,963.00 is spent in salaries and $1,605.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $632.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,116.00,…You are thinking about buying a house.You find one you like that costs $200,000. You learn that your bank will give you a mortgage for $160,000 and that you would have to use all of your savings to make the down payment of $40,000. You calculate that the mortgage payments, property taxes, insurance, maintenance, and utilities would total $950 per month. Is $950 the cost of owning the house? What important factor(s) have you left out of your calculation of the cost of ownership, if any?You decide to earn extra money during your Engineering program by running an uber service. You purchase a car for $60,000, which you expect to sell for $18,000 at the end of the 6-year degree. You expect annual costs for insurance, maintenance and other expenses to total $7000 per year. You project to have approximately 20 customers per shift, who you will drive 8km on average. You plan on driving 80 days each year. What is the levelized cost per km of driving? MARR = 6%. The answer is within 5 cents of which of the following? Question 11 options: 1.00 1.10 1.20 1.30 None of the above
- Suppose your expenses for summer school are as follows: tuition: $5,000, room and board: $3,000, books and other educational supplies: $500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $10,000. What is the opportunity cost of going to college this term?The Bainters want to estimate annual costs for purchasing the home so they can compare them with the costs they estimated for renting. These costs are expenses the Bainters will have only if they purchase instead of rent: monthly mortgage payment $200 per year for HOA fees $1,750 per year for property taxes $1,950 per year for home maintenance $75 per month for water and sewer services $10 per month for trash and recycling services $65 per month for internet $110 per month for homeowners' insurance Approximately how much should the Bainters budget for a year? Your answer should include the total amount the Bainters should budget the calculations or an explanation of how you determined the answerSuppose your expenses for this term are as follows: tuition: $12,000, room and board: $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? $13,500 $20,000 $24,000 $30,500