Melody Leigh, owner of Broadway Floral, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Leigh wants to set the delivery fee based on the distance driven to deliver the flowers. Leigh 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. van operating costs.
Answers
Van operating costs comprise both fixed and variable costs. Fixed costs include those costs that are fixed regardless of the distance driven. Variable costs, on the other hand, are dependent on the distance driven, such as fuel costs, maintenance costs, and repair costs.
Melody Leigh wants to separate the fixed and variable portions of her van operating costs so that she has a better idea of how delivery distance affects these costs.The table provides the data for the operating costs for Broadway Floral's delivery vans for the past seven months. To separate the fixed and variable portions of the van operating costs, Melody Leigh needs to use the high-low method to determine the cost equation that separates fixed and variable costs.
This method requires finding the highest and lowest levels of activity, which is the delivery distance in this case, and the total costs associated with them.
To calculate the variable cost per mile, the difference between the total costs associated with the highest and lowest levels of activity is divided by the difference between the highest and lowest levels of activity. In this case, the variable cost per mile would be:
$1,640.25 – $932.50 ÷ 300 miles – 30 miles = $12.67 per mile
To calculate the fixed costs, the total variable costs are subtracted from the total costs for any given level of activity. Using the highest or lowest level of activity would provide the same result. If we use the lowest level of activity (30 miles) to calculate the fixed cost, we get:
$932.50 – ($12.67/mile × 30 miles) = $548.20
Therefore, the cost equation that separates the fixed and variable portions of the van operating costs is:Total Cost = $548.20 + ($12.67 × Delivery Distance)
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Related Questions
In 2014, the EU filed a complaint that the government of Washington state violated international trade rules by:
Answers
Answer:
extending tax incentives to Boeing for in-state manufacture of the 777x jetliner
a) Which talent management approach better fits the SMEs context and
why?
b) Why do Greek SMEs adopt a less strategic approach to talent acquisition?
c) What implications does this academic article make for SMEs, HR
practitioners and policymakers in terms of talent management?
Answers
It should be noted that talent management is important in businesses as it helps in the management of the important assets of the company.
Talent management.Your information is incomplete as you didn't provide the article or the SME in question. Therefore, an overview will be given. Some of the examples of talent management approaches include:
Employer branding.Employer reputation.Selection.Referrals.Onboarding and Inboarding.Engagement.Retention.Learning and development.For a SME, the important approaches will be employer branding and reputation. It's important for companies to build their reputation.
In conclusion, talent management helps in getting high potential employees and therefore, provides organizations with the managerial talent source and also a competitive resources advantage.
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Mangelo restaurant had liabilities with a carrying value of $425,000 and fair value of $600,000. How should mangelo report these liabilities on the balance sheet?.
Answers
Liabilities should be recorded at their carrying value by Mangelo and their fair value should be revealed in a remark to the financial statements.
What are financial statements?Financial statements are official records of a person, business, or other entity's financial situation and operations. A systematic and simple format is used to show pertinent financial data. In the case of large firms, these statements may be intricate and contain a substantial number of management discussion and analysis notes in addition to the financial statements' extensive footnotes. Each line item on the cash flow statement, income statement, and balance sheet is often further explained in the notes. The notes to the financial statements are regarded as being an essential component of the financial statements. Readers who "have a reasonable grasp of business and economic activities and accounting and who are prepared to study information thoroughly" should be able to understand financial statements.
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What are wholesalers
Answers
Answer:
Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.
Hope this help :)
Answer:
Wholesalers are companies or businesses that buy large quantities of products from other companies, then resell the products in bulk or individually.
Explanation:
Examples; Costco Wholesale & Sam's Club
a toy-making business is part of a larger corporation that owns various other businesses. the toy-making business unit decides to increase its production of board games. this is an example
Answers
This is an example of a strategic decision made by the toy-making business unit within the larger corporation.
By deciding to increase its production of board games, the toy-making business unit is making a choice regarding its product offerings and production focus.
Specifically, this decision can be seen as a product expansion or diversification strategy within the toy-making business unit. It involves expanding the range of products offered by adding board games to the existing lineup of toys.
This strategic decision may be driven by market demand, competitive factors, or the desire to leverage existing capabilities and resources.
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Which of the following is not an example of professional behavior
?
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State in just one sentence a business case for what happened the Deloitte case and the Duke hospital case.
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The business case for the Deloitte case and the Duke hospital case is the need for organizations to ensure ethical practices, maintain client confidentiality, and uphold professional standards to protect their reputation and avoid legal and financial consequences.
The business case for what happened in the Deloitte case and the Duke hospital case revolves around the significance of ethical practices, client confidentiality, and professional standards in protecting an organization's reputation and avoiding potential legal and financial consequences.
In the Deloitte case, where confidential client information was leaked to external parties, the breach of client confidentiality undermined the trust and credibility of Deloitte as a consulting firm. Clients rely on professional service providers to handle their sensitive information with the utmost care and confidentiality, and any breach can have severe repercussions for the business.
The case highlights the importance of maintaining robust security measures, strict access controls, and comprehensive training programs to ensure the protection of client data and maintain trust in client relationships.
Similarly, in the Duke hospital case, fraudulent research practices led to severe consequences for both the institution and the individuals involved.
The case emphasized the significance of maintaining high ethical standards in conducting research, ensuring the integrity of scientific findings, and upholding patient safety and well-being.
Violations of ethical principles not only harm the reputation of the institution but can also result in legal action, loss of funding, and damage to public trust.
These cases serve as reminders that organizations must prioritize ethical conduct, client confidentiality, and professional standards to safeguard their reputation, maintain client trust, and avoid potential legal and financial implications.
By establishing strong governance frameworks, enforcing ethical guidelines, and fostering a culture of integrity, businesses can mitigate risks, protect their stakeholders, and uphold their long-term success.
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Homeowners who fail to make mortgage payments can have their house taken away through foreclosure.
A. True
B. False
Answers
Answer:
True
Explanation:
Hope this helps
Answer:
a
Explanation:
Which statement about the critical path is not true? A project can have multiple critical path. The critical path determines the earliest time the project can be finished. The critical path is the shortest path. Tasks on the critical path have no slack time.
Answers
The statement "The critical path is the shortest path" is not true. The critical path is not necessarily the shortest path in a project. It is the longest path that determines the minimum amount of time required to complete the project. The critical path is determined by identifying the sequence of tasks that have zero slack time, meaning any delay in these tasks will directly impact the project's overall duration.
A critical path analysis involves identifying all the activities and their dependencies within a project, estimating their durations, and determining the critical path based on the longest duration. The critical path determines the earliest time the project can be finished since any delay in tasks along this path will cause a delay in the project's completion time. Therefore, tasks on the critical path must be closely monitored and managed to ensure the project stays on schedule.
It's important to note that while a project can have multiple paths, only one critical path exists, representing the sequence of tasks with the longest duration and no slack time. Other paths may have some slack or float, allowing flexibility in scheduling without affecting the project's overall completion time.
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Write three sentences.What is summer mainly about and what is your fav thing about summer time?
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advanced technology and performance capabilities, consistent quality, availability in multiple colors and sizes, prompt delivery, technical support services, customer financing, distribution channels, or some other feature of importance to customers are examples of:
Answers
Examples of differentiation include superior performance and technology, consistent quality, availability in a variety of colors and sizes, prompt delivery, technical support services, customer financing, distribution channels, or some other feature that is important to customers.
What are some examples of strategies for differentiation?
A company can compete in the market with something other than lower prices using a differentiation strategy.A candy company might, for instance, make their candy stand out by making it taste better or using healthier ingredients.
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Can ah budget include donations to charities
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Answer:
A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.
Please help............
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the effect effect of product differentiation is..a. start a price warb. reduce prices to the noncooperative level.C. reduce the intensity of competition among the firms in the oligopoly.D. increase the intensity of competition among the firms in the oligopoly.
Answers
The correct answer is: C - product differentiation reduces the intensity of competition among the firms in the oligopoly.
This is because when firms differentiate their products from their competitors, they are creating a unique selling proposition that sets them apart from others. This reduces the substitutability of their products, making it less likely for customers to switch to another firm's product.
Product differentiation involves creating products that are distinct from those offered by competitors in an oligopoly market. By doing this, each firm can target a specific market segment and establish a unique brand identity. This leads to reduced intensity of competition among the firms, as they are no longer competing directly for the same customers.
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The listing broker may be due a commission, even when no sale occurred, if the:
a) potential buyers is unable to obtain financing
b) seller decides he no longer wants to sell
c) seller refused buyers reasonable offers
d) broker located a buyer who made an offer that met
all of the sellers terms
Answers
If the listing broker found a buyer who made an offer that fulfilled the seller's terms, the broker might still be entitled to a commission even if no sale took place. Here option D is the correct answer.
The listing broker is typically paid a commission on the sale of a property. However, there are situations in which a commission may be due even if no sale occurs. One such situation is when the broker located a buyer who made an offer that met all of the seller's terms.
In this case, the broker has fulfilled their obligation to the seller by finding a suitable buyer who is willing to meet the seller's terms. The fact that the sale ultimately did not occur may be due to circumstances beyond the broker's control, such as the buyer being unable to obtain financing or the seller refusing reasonable offers. Nonetheless, the broker has performed their duties under the terms of the listing agreement, and as such, they may be entitled to a commission.
It's important to note that the specific terms of the listing agreement will dictate whether or not a commission is due in these types of situations. Sellers should carefully review their listing agreements to understand when a commission may be due, even in the absence of a sale.
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List three effective strategies to handle criticism, pressure, and gossip in the workplace.
Answers
Answer:
Don´t take it personally.
See criticsim as help.
Don´t be too hard on yourself.
Do not get defensive and start making excuses.
Explanation:
In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answers
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
in the retail clothing industry, the customer demands vary from state to state. therefore, many retail stores allow each individual store manager to make decisions that are best for the store he or she manages. this exemplifies a(n)
Answers
A decentralized management approach allows retail clothing stores to be more responsive to local market conditions and customer demands. This can help them to better serve their customers, build stronger relationships with their local communities, and ultimately drive more sales and profits.
In the retail clothing industry, customer demands can vary significantly from state to state, and this can present a challenge for retailers who want to offer a consistent experience across all their stores. To address this issue, many retail stores allow each individual store manager to make decisions that are best for the store they manage. This approach exemplifies a decentralized management style.
Decentralized management is a management approach where decision-making authority is spread out across different levels of an organization. In a decentralized system, lower-level managers have more autonomy to make decisions that are best for their specific area of responsibility. This is in contrast to a centralized system, where decision-making authority is concentrated at the top of the organization.
In the retail clothing industry, a decentralized management approach can be beneficial because it allows store managers to respond quickly to the unique demands of their local market. For example, a store manager in Florida might decide to stock more swimsuits and beachwear during the summer months, while a store manager in Minnesota might focus more on warm clothing for the winter season.
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Which type of account (real, personal, or nominal) includes the following expenses of a business?
Expenses like rent, transportation, and advertising are part of a business’ ______
account, because they are fictitious.
Answers
Answer: Nominal account
Explanation:
Expenses like rent, transportation, and advertising are part of a business (Nominal) account, because they are fictitious.
Personal accounts are the accounts that have to do with individuals, or businesses. A real account is an account that isn't closed when the accounting period ends. The bqlnaces in the real account are carried to the following period. An example of this is cash.
Nominal account is an account that has a zero beginning balance at the start of the year. This is because when an accounting year ends, the nominal account will be closed.
if the internal rate of return is used as the discount rate in computing net present value, the net present value will be: a. positive. b. negative. c. zero. d. unknown.
Answers
If the internal rate of return (IRR) is used as the discount rate in computing net present value (NPV), the NPV will be zero.
`The internal rate of return (IRR) is the discount rate that makes the net present value (NPV) of a project equal to zero. In other words, it is the rate at which the present value of cash inflows equals the present value of cash outflows. When the IRR is used as the discount rate in computing NPV, the resulting NPV will be zero. This means that the project is expected to generate a return that exactly offsets the initial investment, resulting in neither a positive nor negative net present value.
The IRR is commonly used as a decision-making tool to evaluate the profitability and viability of investment projects. If the IRR is greater than the required rate of return or the hurdle rate, the project is considered financially feasible and may be accepted. If the IRR is less than the hurdle rate, the project may be rejected as it is not expected to generate a return that exceeds the cost of capital. When the IRR is equal to the hurdle rate, the project is expected to break even, resulting in a net present value of zero.
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What the Benefits of SMART TRAFFIC MANAGEMENT SYSTEM in iot
?
please in the beginning small paragraph
Answers
Smart Traffic Management Systems in IoT optimize traffic flow, enhance safety, and reduce congestion through real-time monitoring, incident detection, and data analysis.
Smart Traffic Management Systems leverage the power of IoT to revolutionize transportation management. Real-time monitoring of traffic conditions enables dynamic adjustments to traffic signal timings, ensuring optimized traffic flow and reducing congestion. By utilizing IoT sensors and cameras, these systems can detect incidents such as accidents, breakdowns, or congestion, allowing for immediate responses and appropriate interventions, such as redirecting traffic or dispatching emergency services. Furthermore, the collected data from various sources, including sensors and vehicles, can be analyzed to identify traffic patterns, bottlenecks, and peak hours.
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f the government uses fiscal policy to reduce the budget deficit during a recession, the government will make the recession worse, ceteris paribus. question 6 options: true false
Answers
During a recession, if the government undertakes fiscal policy to lower the budget deficit, the economy will become worse. This assertion is true.
In order to increase demand and the economy during a recession, the government may lower tax rates or increase spending. On the other side, it can slow the economy in order to fight inflation by raising rates or reducing expenditure.
Expansionary fiscal policy is ideal when an economy is in a recession and generates less than its potential GDP. Fiscal policies that are in a contractionary mode reduce the level of aggregate demand through cuts to public spending or tax hikes.
Taxes and government expenditures are the primary tools of fiscal policy. if the economy is in a recession.
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the use of a specialized third-party trading house in a countertrade arrangement refers to
Answers
The use of a specialized third-party trading house in a countertrade arrangement refers to the practice of involving a middleman or intermediary who specializes in facilitating international trade transactions involving countertrade.
Countertrade is a form of international trade where goods or services are exchanged for other goods or services, rather than using traditional monetary payment methods. It is commonly employed in situations where certain countries may have limitations on currency exchange or face challenges in accessing foreign currency.
In a countertrade arrangement, a specialized third-party trading house acts as a facilitator between the two trading parties. This trading house is experienced and knowledgeable in handling countertrade transactions and has expertise in navigating the complexities involved in such deals.
The role of the specialized third-party trading house may include:
Identifying potential trade partners: The trading house helps find suitable counterparts who are interested in engaging in a countertrade arrangement.
Negotiating terms: The trading house assists in negotiating the terms and conditions of the countertrade agreement, ensuring that both parties' requirements are addressed.
Managing logistics: The trading house manages the logistics of the transaction, including transportation, storage, and delivery of the goods or services involved in the countertrade.
Mitigating risks: The trading house helps mitigate the risks associated with countertrade, such as ensuring the quality and compliance of the goods exchanged and managing any legal or regulatory issues.
By utilizing a specialized third-party trading house, the trading parties can benefit from their expertise and experience in navigating the complexities of countertrade transactions. The trading house acts as an intermediary, facilitating the exchange of goods or services and streamlining the overall process.
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Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answers
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answers
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
A competitive market economy with low barriers to entry affords an entrepreneur with:.
Answers
A competitive market economy with low barriers to entry affords an entrepreneur with
the opportunity to bring new and different products and services to the market.
true or false, Military spending changed a great deal in the 1970s.
Answers
Answer:
false
Explanation:
Does the circular flow model include money?
Answers
Yes. The circular flow model include money. Money is an important component of the economy's circular flow paradigm.
As individuals and businesses buy and sell goods and services, money moves ceaselessly through the economy. Households contribute labor and other resources to businesses in exchange for money in the circular flow paradigm, while businesses produce goods and services and pay wages and salaries to households. Households spend their earnings on goods and services from businesses, and the cycle continues. Money acts as a medium of exchange, allowing people to trade products and services without having to barter. As a result, the circular flow model incorporates both the movement of products and services as well as the flow of money.
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land and a warehouse were acquired for $860,000. what amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $520,000 for the land and $850,000 for the warehouse? (round intermediate percentage calculations to 1 decimal place.)
Answers
Based on the appraisal values, the land has a fair market value of $520,000 and the warehouse has a fair market value of $850,000. Therefore, the amounts that should be recorded in the accounting records for the land and the warehouse would be:
- Land: $520,000
- Warehouse: $850,000
It is important to note that the acquisition cost of $860,000 is not necessarily the same as the fair market value of the land and warehouse. The acquisition cost may include other costs such as legal fees, survey fees, or site preparation costs. However, in this scenario, the appraisal values provide a reliable estimate of the fair market value of the land and warehouse, and therefore should be used for accounting purposes.
It is also worth noting that if the fair market value of the land or warehouse had been lower than the acquisition cost, a loss on the acquisition would need to be recognized in the accounting records. Conversely, if the fair market value had been higher than the acquisition cost, a gain on the acquisition would need to be recognized. However, in this scenario, the fair market values are lower than the acquisition cost, and therefore no gain or loss needs to be recognized.
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The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False
Answers
The difference between the realized overheads and the estimated overheads is the total overhead cost.
What are total overhead costs?
Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.
The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.
Hence, the aforementioned statement regarding total overhead costs holds true.
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