We've talked a lot about "fixed" and "variable" expenses. We've talked about the way these expenses impact your budget and your savings. We also talked about one big thing you can do about variable expenses that you cannot usually do about your fixed expenses. What was the big thing you can do?

We've Talked A Lot About "fixed" And "variable" Expenses. We've Talked About The Way These Expenses Impact

Answers

Answer 1

Answer:c

Explanation:


Related Questions

Harrison Company calculated the following amounts concerning its financial information for the years ending December 31, 2017 and 2016: Current ratio Net Profit margin 2017 3.1 to 1 22% 2016 2.0 to 1 18% Required: SHOW YOUR WORKINGS 1- Examine Harrison's ratios. Is the change in the current ratio favorable or not? Explain your answer. (2 points) 2- Examine Harrison's ratios. Is the change in the net profit margin favorable or not? Explain your answer. (2 points)​

Answers

The current ratio has increased from 2.0 to 1 in 2016 to 3.1 to 1 in 2017. A higher current ratio indicates that the company has more current assets available to pay off its current liabilities.

To determine whether the change in the current ratio is favorable or not, we need to compare the ratios for 2017 and 2016.

Current Ratio = Current Assets / Current Liabilities

2017 Current Ratio = 3.1 to 1

2016 Current Ratio = 2.0 to 1

This is generally seen as favorable, as it suggests that the company is in a better position to meet its short-term obligations. Therefore, the change in the current ratio is favorable for Harrison Company.

To determine whether the change in the net profit margin is favorable or not, we need to compare the ratios for 2017 and 2016.

Net Profit Margin = Net Profit / Total Revenue

2017 Net Profit Margin = 22%

2016 Net Profit Margin = 18%

The net profit margin has increased from 18% in 2016 to 22% in 2017. A higher net profit margin indicates that the company is generating more profit for each dollar of revenue it generates. This is generally seen as favorable, as it suggests that the company is more efficient in managing its costs and generating profit. Therefore, the change in the net profit margin is favorable for Harrison Company.

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According to the survey article on mergers by Mukherjee et al,

A) a minority of managers believe that diversification can be a good reason to merge.
B) acquiring managers discount targets’ cash flows at the targets’ cost of capital.
C) managers do not believe operating synergies to be important in merger decisions.
D) managers do not use the discounted cash flow formula to value a target in a merger.

Answers

I think it’s d but not sure

Human Resources and many other departments at Walmart will use the following as a form of business communication

Answers

Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.

Human resources  can be regarded as division of a business which carry out some functions such as;

 finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.

This department overseas the employees affairs as well as their behavior.

Therefore, they use accounting as means of communication.

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100 points) The seasonal demand for a particular product is given below:
Period 1 2 3 4 5 6
Demand 300 450 100 450 450 100
The fixed parameters are:
Fixed Cost $8
Unit Production Cost $1
Holding Cost $ 1.3
Calculate total ordering cost using following three methods:
i) Lot-for-Lot
ii) Wagner-Whitin algorithm
iii) Fixed order quantity
Which method you will chose to order and why

Answers

The ordering cost using the Lot-for-Lot method is $900.06. DOQ (Discrete Order Amount) is a lot sizing approach in which the net requirements happening for each period are the quantity of order. This strategy is commonly utilized for pricey commodities and items with sporadic demand.

How to calculate the cost?

The ordering cost using the Lot-for-Lot method will be calculated thus:

C = Q/2(H) + D)Q(S)

C = 450/2(4) + 100/450(3)

C = 450(2) + 30/45

C = 900 + 0.7

C = $900.7

The ordering cost using the Wagner-Whitin algorithm will be:

= 300 + 900 + 300 + 1700 + 2150 + 600

= $5750

Wagner-Whitin devised an algorithm to determine the appropriate lot size for each period when net demands for several periods in the future are known.

The ordering cost using fixed order quantity will be:

= 6/(300 + 450 + 100 + 450 + 450 + 100)

= 6/1850

= 0.00324

FOQ (Fixed Order Quantity) is a method for determining the amount for size and is abbreviated as FOQ. The Net Requirements are scaled in this technique by establishing the FOQ value as an Order Quantity and fixing the quantity.

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In general, the consumers who seek out Louis Vuitton branded products are more likely to be _______.
a. price-conscious.b. prestige-sensitive.c. bargain shoppers.d. cost-sensitive.e. value-conscious.

Answers

Answer:

c).prestige-sensitive

Explanation:

Prestige sensitivity can be regarded as

favourable perceptions of price which is as a result of prominence as well status of the company that produce the product. Prestige-sensitive buyers prefer to go for product with prominence and status. It should be noted that In general, the consumers who seek out Louis Vuitton branded products are more likely to be prestige-sensitive.

What is the real difference between riding English or riding Western?

Answers

Answer:

What’s the difference between Western and English riding?

What’s the difference between Western and English riding? At first glance, the most obvious difference between Western and English riding is the tack, and in particular the saddle, a Western saddle is much bigger and heavier than an English saddle.

Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences

Answers

The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.

Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.

In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.

Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.

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Two independent companies, Denver and Bristol, each own a warehouse, and they agree to an exchange in which no cash changes hands. The following information for the two warehouses is available:
Denver Bristol
Cost $80,000 $31,500
Accumulated depreciation 60,000 25,000
Fair value 17,000 17,000
Required:
1. Assuming the exchange has commercial substance, prepare journal entries for Denver and Bristol to record the exchange.
2. Assuming the exchange does not have commercial substance, prepare journal entries for Denver and Bristol to record the exchange.

Answers

Answer and Explanation:

The journal entries are shown below

1.

On Denver books

Equipment Dr $17,000

Accumulated depreciation $60,000

Loss on sale of equipment $3,000

                  To Equipment $80,000

(Being equipment recorded)

On Bristol books

Equipment Dr $17,000

Accumulated depreciation $25,000

          To Gain on sale of equipment $10,500

          To Equipment $31,500

(Being equipment recorded)

2.

On Denver books

Equipment Dr $20,000

Accumulated depreciation $60,000

                  To Equipment $80,000

(Being equipment recorded)

On Bristol books

Equipment Dr $6,500

Accumulated depreciation $25,000

          To Equipment $31,500

(Being equipment recorded)

Discusses the effective and ethical use of graphics. Write at least two paragraphs explaining this section. Include specific examples.

Answers

Many accept morals for graphicsought to be founded on help, and that aiding others is something to be thankful for to do. With information and admittance to devices that can coordinate individuals' considerations and activities.

Design ethics assist with deciding elements that should be in items and administrations or highlights that should not be. Plan morals help with surveying the moral importance or moral worth of the items that outcome from the action of planning. For example, Signal is a solid telephone and courier application explicitly intended to safeguard its client's security.

The best ethical design practice is foster plans that mainly gather individual data that is to the greatest advantage of the clients.

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V144
QUESTION 2
A bus driver covers a certain distance in 3 hours at an average
speed of
80 km/h.How long will the journey take at an average speed of 50
km /h?
There are 96 boys and 120 girls in Grade 9. Write down the ratio
of thenumber of boys to the number of girls in the class.
QUESTION 3
Find the HCF and LCM of 172 and 258.
QUESTION 4​

Answers

Answer:

3hr=80km/r

?=50km/R

(50*3)/80=1.88hr

QUESTION 8 of 10: True or False: You can somewhat control what your customers order without them realizing it.
a) True
b) False

Answers

Answer:

true

Explanation:

by trying to give the description of the thing the customer wants to buy, he/she will ultimately get convinced by what you say not what they need

The company can control the customers order to an extent by giving them offers and discounts.

Thus, the correct option is A.

What is customer service?

Supporting current and potential consumers is known as providing customer service.

Building strong relationships with your clients is the secret to providing excellent customer service.

The consumer will have a favorable experience if you thank them and encourage a helpful, friendly, and happy environment. A satisfied client is more likely to make repeat visits and spend more money.

Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service.

Going above and beyond to ensure that a customer is pleased with the company's goods or services is a sign of excellent customer service. Additionally, it entails offering timely, pleasant service to customers. Excellent problem-solving and communication abilities are equally vital.

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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?

Answers

The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.

Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:

Evaluation of the Night-light Data Method:

Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.

Reasons for Differences between Traditional Expenditure Approach and Night-light Data:

Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.

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On the balance sheet, total assets minus net fixed assets equals:________.
a. current assets
b. current liabilities
c. gross fixed assets
d. total assets

Answers

Answer:

Current assets

Explanation:

the Answer is subtracting from total assets so it can’t be d. It also doesn’t include liabilities as your answer is something in the asset category. You are already subtracting fixed assets so it can’t be c. The answer is a. Current assets

q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking​

Answers

Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.

Difference between critical and creative thinking:

Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.

On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.

Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.

While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.

Positive use of leisure time:

Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:

Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.

Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.

Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.

Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.

Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.

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Which of these is not an example of good practice when differentiating phonological awareness instruction?


a.

Increasing the intensity of instruction by teaching in smaller group sizes.


b.

Expecting all children to be able to produce rhyming words at the same time of the year.


c.

Increasing the intensity of instruction by giving individual children more opportunities to respond.


d.

Supporting children's understanding of an activity by using visual supports.

Answers

The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.

What is good practice?

Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.

Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.

Therefore the correct option is b.

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Contract buying a. A practice where big businesses would put a contract out on labor union leaders b. A practice where large businesses would buy out their smaller competitors c. A practice that exploited some white families' desires to buy homes in integrated neighborhoods d. A practice that exploited black families' inability to obtain regular home mortgages

Answers

It should be noyed that contract buying a practice where large businesses would buy out their smaller competitors.

What is Contract buying?

Contract buying can be regarded as a practice whereby people with big business put a huge amount on an asset and complete it installmentally.

It is a way big business buy out their smaller competitors.

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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.

Which ethical philosophies apply to Mr. Madoff? Why?

Answers

In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.

Here are the steps to be followed:

1. Introduction:

Provide a brief introduction to the topic of the essay, mentioning Warren Buffett and Bernie Madoff as prominent figures in business.State the purpose of the essay, which is to discuss Warren Buffett's approach to business dealings, particularly in relation to business ethics, and compare it to Bernie Madoff's approach.Mention that you will also apply ethical philosophies learned in the module to analyze their actions.

2. Warren Buffett's Approach to Business Dealings and Business Ethics:

Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.

3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:

Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.

4. Application of Ethical Philosophies to Warren Buffett:

Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.

5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:

Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.

6. Conclusion:

Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.

Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.

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what is a work bench​

Answers

Answer:

A workbench is a sturdy table at which manual work is done. They range from simple flat surfaces to very complex designs that may be considered tools in themselves. ... Almost all workbenches are rectangular in shape, often using the surface, corners and edges as flat/square and dimension standards.

something you sit on

1. What is the difference between pricing objectives and pricing constraints?



Answers

Answer: pricing constraints are factors that limit the range of price a firm May set,such as newness of the product (alternative) , demand for the product class, product, and brand (alternative), cost of producing in marketing the product (alternative), competitors prices.

Pricing objectives-include maximizing profit, increasing sales volume, matching competitors prices,each pricing requires a different price-setting strategy in order to successfully achieve.

Explanation:

In any industry, ethical behavior is the responsibility of ______.

Answers

Answer:

In any industry, ethical behavior is the responsibility of each employee

Answer:

each employee

Hope this helps

Assume you invested $100,000 into your lawn mowing business, but you could have invested in a similar operation with the same risk and received a 20 percent return. You should expect a “normal profit “ of $ _____________ . (Answer to the nearest whole number of THOUSANDS of dollars)

Answers

Answer:

you would get $20,000

Explanation:

100,000 x .2

Which of the following is NOT included on a cash flow statement?
a. collections from customers
b. payments to suppliers
c. cash tax payments
d. existing fixed assets such as machinery

Answers

Payments to suppliers

Exam Lesson Name: Retail Industry Fundamentals Credential Exam
Exam number: 000000RR
Exam Guidelines
Exam Instructions
Question 16 of 16:
Select the best answer for the question
16. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they
OA. Mixing
B. Sending
OC. Picking
OD. Packing

Answers

C. Picking. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores, they are picking items from the warehouse to fulfill orders.

Incorrect
Question 3
0/5 pts
(01.01 MC)
Tina just completed a science degree and wants to continue on to medical
school. What can she expect?
-Her earnings potential may decrease.
-Her potential expenses may decrease
-Her earnings potential may increase.
-Her potential wants may decrease.

Answers

Answer:

Her earning potential may INCREASE

Explanation:

Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.

What is the earnings potential?

Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.

The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.

Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.

Hence, option C is correct.

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Operating expenses other than depreciation for the year were $300,000. Accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be

Answers

Answer: $330,000

Explanation:

Using the Direct Cashflow statement the expenses minus the Depreciation is added to a reduction in the Accrued Expenses to give the amount paid.

Therefore,

= 300,000 + 30,000

= $330,000

The rationale behind this is that Operating Expenses are paid for by cash and so reduce the cash balance. Depreciation on the other hand, even though it is recognised as an expense, it is not a cash expense because the company doesn't give cash to the equipment being depreciated, the depreciation is just recorded and it does not reduce the cash balance. Operating Expenses like electricity reduce the cash balance because they are paid for.

Accrued Expenses are a liability and when a liability decreases that means that the company has used some cash to pay it off. This is a cash payment which falls under Operating Expenses because they were expenses owed and now they have been paid for.

How do I find the payment of a 10 year $10,000 mortgage with a 10% annual interest rate?

Answers

Based on the mortgage value, the interest rate, and the period of 10 years, the payment can be found to be $1,627.45

How to find the payment amount?

The payment amount to repay the 10 year mortgage will be an annuity because it will be a constant and specific amount over the 10 years.

To find the annuity, use the present value of an annuity formula:

Present value of annuity = Annuity x ( 1 - (1 + rate) ^ - number of periods) / rate

Solving for the annuity gives:

10,000 = Annuity x ( 1 - ( 1 + 10%)⁻¹⁰) / 10%

10,000 = Annuity x 6.14457

Annity = 10,000 / 6.14457

= $1,627.45

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Consider two neighboring island countries called Sequoia and Glacier. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.

Answers

Sequoia's opportunity cost of producing one pair of jeans is 2 bushels of rye.

Glacier's opportunity cost of producing one pair of jeans is 4 bushels of rye.

How to find the opportunity cost?

To find the opportunity cost of producing jeans to either Sequoia or Glacier, the formula is:

= Bushels of rye produced per hour of labor / Bushels of jeans produced per hour of labor

For Sequoia , the opportunity cost of producing jeans is:

= 24 / 12

= 2 bushels of rye

For Glacier, this is:

= 32 / 8

= 4 bushels of rye

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The table and the question is:

Country                        Jeans                                       Rye

                       Pairs per hour of labor               Bushels per hour of labor

Sequoia                          12                                          24

Glacier                            8                                            32

Sequoia's opportunity cost of producing one pair of jeans is____ bushels of rye.

Glacier's opportunity cost of producing one pair of jeans is ____ bushels of rye.

Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?​

Answers

To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.

First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.

Gross oil profit for Shop B = 28.4% of $275.00

                                = (28.4/100) * $275.00

                                = $78.10

Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.

Amount of oil used for each oil change = $275.00 / $21.25 per gallon

                                                     = 12.94 gallons (rounded to two decimal places)

Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.

Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used

                                       = $78.10 / 12.94 gallons

                                       ≈ $6.03 per gallon

Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.

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Pearse Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December:

Data used in budgeting:

Fixed Variable
per month per tenant-day
Revenue $32.10
Wages & Salaries $2,400 $ 7.00
Food & Supplies $ 900 $11.30
Facitlity Expenses $8,600 $ 3.50
Admin Expenses $6,700 $ 0.30
Total Expenses $18,600 $22.10
Actual results for December:

Revenue $97,978
Wages & Salaries $23,530
Food & Supplies $35,224
Facility Expenses $19,780
Admin. Expenses $ 7,404
1. The activity variance (show any unfavorable variance as a negative number) for net operating income in December would be:

2. The net operating income in the planning budget for December would be:

3. The net operating income in the flexible budget for December would be:

Answers

Answer:

Pearse Kennel

1. Activity variance for net operating income in December would be:

= $200

2. The net operating income in the planning budget for December would be:

= $11,400

3. The net operating income in the flexible budget for December would be:

= $11,200

Explanation:

Data and Calculations:

                                   Fixed          Variable        Planning   Flexible  Variance

                             per month   per tenant-day   Budget    Budget

Revenue                                         $32.10         $96,300   $95,658    $642

Wages & Salaries    $2,400           $ 7.00           23,400      23,260       140

Food & Supplies       $ 900            $11.30           34,800       34,574      226

Facility Expenses   $8,600            $ 3.50            19,100        19,030        70

Admin Expenses    $6,700            $ 0.30            7,600          7,594          6

Total Expenses     $18,600           $22.10       $84,900     $84,458   $442

Net operating income                                       $11,400       $11,200  $200

Experts suggest that of your time should be spent on the revising phase.

25%
50%
??

Answers

50 i believe because 25 percent in the drafting phase, and 50 percent in the revising phase.
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