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Question - Speedy Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years(3 points): Year Miles Operating Costs 2007 110,000 $390,000 2008 140,000 $420,000 2009 100,000 $360,000 2010 130,000 $410,000 2011 150,000 $440,000
a. Using the high-low method, what is the cost estimate for variable costs for 2012?
b. Using the high-low method, what is the cost estimate for fixed costs for 2012?
c. What is the best estimate of total operating expenses for 2012 using the high-low method based on total expected miles of 120,000?
equipment with an appraisal value of 35 000 is offered for sale on 32 00. the purchaser acquires it for 10000 in cash
Complete the following table by indicating for (a) through (g) whether the proper answer is debit or credit.
If current assets were $100,000 in 20x7 and $88,000 in 20x8, what was the amount of increase of decrease?
Consider the preferred prices of the author and the publisher of an electronic book, whose marginal cost of production is close to zero. Would the two disagree about the price to be charged for the book?
Duplicate the t-accounts for Materials, Work in Process, Finished Goods Inventory, Wages Payable and Factory Overhead
Sand Dollar Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory.
In the recent year martinez Corp. had net income of 146,000, interest expense of 29,500, What was Martinez Corp.'s times interest earned (rounded) for the year
Journalize each of the May transactions in the two-column journal starting
the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
Chalet Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Journalize the selected transactions for March 2012
a.) To what extent should auditors follow the client's suggestions for the conduct of an audit? Discuss. b.) List and discuss the reasons the audit work should not be assigned solely according to asset, liability, and income and expense categories..
Prepare the adjusting entries that should be recorded for Dittman's Variety Store at December 31 of the current year
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