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In order to precisely decompose the weekly wage costs of Restaurant 241 into fixed and variable components, regression analysis was used. The estimates produced the equation below. Answer the following questions according to the regression output.Data used for week 1~4: Y = Weekly Wage Cost, X = Weekly Sales RevenueRegression Output: Y = 500 + 0.2 X
Problem 1: What is the variable wage cost per dollar of revenue?
Problem 2: What is the fixed wage cost for October? (Hint: fixed cost for the whole month) Problem 3: If the sales revenue on a given week was 2,000 dollars, what is the total wage cost for that week?
If you plan on retiring at age 65, what age must you be today if you started funding your retirement immediately?
Headland Company has not yet prepared a formal statement of cash flows for the 2017 fiscal year. Comparative balance sheets as of December 31, 2016 and 2017, and a statement of income and retained earnings for the year ended December 31, 2017, are pr..
Calculate the amount of over or under-allocated manufacturing overhead.
Prepare journal entry to record the retirement of the machinery at the end of the 5th year assuming the proceeds from retirement amount to 110,000.
Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a. and if the first payment of $10,000.
How much should Kim & Associate, Inc record as amortization expense for the copyright for 2017?
Total annual operating fixed costs are $155,000, and the annual interest expense is $90,000. What is this firm's degree of operating leverage (DOL)?
An Illustration Bonds payable from their carrying value.
Show the Bad Debts Account for the year ended 31 December 2015.- The Allowance for Doubtful Debts Account for the year.
Compute the required sales in units to achieve its target net income. It has a unit selling price of $7.63, unit variable costs of $3.28
Determine the issue price of the debenture. On 1 July 2018 Bombo Ltd issues $2 million in six-year debentures that pay interest each six months
Calculate the Relative Risk: An uptick in attempted suicides in teen boys has interested the State Health authorities and they are looking for some information on the data the hospital has received in the past calendar year.
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