What should be the total lease cost at a sales volume

Assignment Help Accounting Basics
Reference no: EM132725034

United Banking Corporation leases its corporate headquarters building. This lease cost is fixed with respect to the company's sales volume. In a recent month in which the sales volume was 32,000 units, the lease cost was $716,800.

Problem 1: To the nearest whole dollar, what should be the total lease cost at a sales volume of 30,900 units in a month? (Assume that this sales volume is within the relevant range.)

A. $692,160
B. $704,480
C. $716,800
D. $742,317

Reference no: EM132725034

Questions Cloud

How does capital flight affect exchange rate : How does capital flight affect exchange rate? What was the most significant result of the Marshall Plan on Politics?
Marketing objective and communication objective : Compare and contrast between Marketing objective and communication objective with relevant examples.
What is balance of the Accounts Receivable control account : Cash receipts journal Accounts receivable column total $133,300. What is the balance of the Accounts Payable control account
Primary sources of competitive advantage singapore airlines : What are the primary sources of competitive advantage Singapore Airlines has leveraged overtime?
What should be the total lease cost at a sales volume : What should be the total lease cost at a sales volume of 30,900 units in a month? (Assume that this sales volume is within the relevant range.)
Prepare the necessary correcting entry for each of purchase : Prepare the necessary correcting entry for each of the purchase of supplies on account for £1,270 was recorded as a debit to Supplies for £1,720 and a credit
Hydraulic fracturing - research essay : Argumentative Research Essay - Alberta has been exposed to hydraulic fracturing (fracking), which is a type of mining for natural gas. Many argue
Briefly explain what are the reporting requirements : Disclosing entities, Public companies, Large proprietary companies and Registered schemes. Briefly explain what are their reporting requirements?
Which is a true statement about the integration : Which is a true statement about the integration of financial statements? The statement of stockholders' equity and statement of cash flows are integrated.

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