User Account

All Pages

Compute fixed and variable components of the travel agency

Assignment Help Accounting Basics
Reference no: EM131713496

Question: A travel agency had its highest operating costs in June ($26,250), and its lowest operating costs in November ($21,750). The agency sold 1,500 tickets in June and 900 tickets in November.

a. Using the high-low method of cost estimation, compute the fixed and variable components of the travel agency's monthly operating costs.

b. If the travel agency expects to sell 1,900 tickets in December, estimate its operating expenses for December.

c. What concerns might arise about making the December operating expense estimate?

Reference no: EM131713496

Questions Cloud

Write a research essay about rule of the bone- russell banks : Write a Research essay about Rule of the bone - Russell banks. Topic: sexual abuse. Use evidence from the story. Bibliography or at least the resources.
Justify a plan of action for the topmost identified problem : After performing the environmental scanning through SWOT and PESTEL identify the topmost problem through ranking - prepare a minimum of three action plans
Evolution of terrorism : Based on your understanding of terrorism at this early point in the course, Do you think terrorism has been on the rise over the past few years?
Discuss the movie the matrix : Remember the movie the Matrix? The central idea was this question: How do I know that right now I am not really in a vat full of goo
Compute fixed and variable components of the travel agency : Using the high-low method of cost estimation, compute the fixed and variable components of the travel agency's monthly operating costs.
Calculate the non-controlling interests in the group : Prepare the elimination Journal entries required for the consolidation as at 30 June 2016. Calculate the Non-controlling interests in the group.
How would you describe each of the costs : An expert is analyzing the cost behavior patterns of the defendant in an antitrust dispute. The expert plans to use the information to prepare a damage.
Discuss illegal immigration is certainly a hot topic : Illegal Immigration is certainly a hot topic and one that resonates with me because of my career
Describe three characteristics of an effective communicator : Describe three characteristics of an effective communicator; then, suggest two ways you can improve your own communication.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd