Prepare the company flexible budget for september

Assignment Help Accounting Basics
Reference no: EM133126326

Question - During September, Clendennen Corporation budgeted for 28,000 customers, but actually served 26,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:

Revenue: $4.83q

Wages and salaries: $35,300 + $1.74q

Supplies: $0.64q

Insurance: $12,300

Miscellaneous expense: $5,300 + $0.14q

Required - Prepare the company's flexible budget for September based on the actual level of activity for the month.

Reference no: EM133126326

Questions Cloud

Determine the amount of working capital reported : Saks Fifth Avenue's balance sheet for a recent year revealed the following information: Current assets $750,000. Determine the amount of working capital report
Government should be using in that stage : Look up the current GNP, Prices, and employment numbers from the government agencies and determinant what stage of the business cycle we are in today and list t
Experiencing high inflation : The economy of the United States is experiencing high inflation. Explain what are proper monetary and fiscal policies. What are effects of these policies you've
Ups and downs of the business cycle : How do fiscal policy and monetary policy reduce the ups and downs of the business cycle?
Prepare the company flexible budget for september : During September, Clendennen Corporation budgeted for 28,000 customers, Prepare the company flexible budget for September
Explain the economic significance : Using inequity in access to health care as your reference point, explain the economic significance of the statement that "...the level of supply of health care
What is the purchase price of the bond : A $1,000, 12 year bond carries a 3.5% coupon. If the prevailing market rate on the date of purchase is 4.5% compounded semiannually, what is the purchase price
Marginal revenue-mrt and marginal cost mc : The following shows the demands and marginal revenue in two markets (D1 and MR1, and D2 and MR2) for a price discriminating firm along with total demand, DT, m
Calculate the weighted average number of shares : During Year 2, Rayleigh completed the following share transactions: Calculate the weighted average number of shares outstanding for Year 2

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.

  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!

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