Accounting Help - Practice Questions Essay

There are also various cost assumptions used by businesses, with every entity choosing a respective method in accordance to their inventories, based on the effects they

_Mary wants to sell her house for $215.000; she didn't have any proposition until this young couple's offer ($170.000). Mary told to her agent that this price is out of the ZOPA, but she is ready to negotiation._

2.) What is the ‘relevant range’ for the cost structure? In other words, at what volume might you expect the fixed and variable costs to change appreciably?

Luckily she had won some money playing the game Plinko and had some money saved up in order to pay the state tax ahead of time and then sold the rest of the items minus the car and invested in a food truck business. Unfortunately, not all contestants are that lucky (shine.yahoo.com).

Luckily she had won some money playing the game Plinko and had some money saved up in order to pay the state tax ahead of time and then sold the rest of the items minus the car and invested in a food truck business. Unfortunately, not all contestants are that lucky (shine.yahoo.com).

Martinez Company’s relevant range of Production is 7,500 to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows:

To accomplish this, she provided herself a small amount of startup money, and traveled to multiple locations around the United States where she conducted her “experiment”. She went to Key West, FL; Orchard Beach, ME; and Minneapolis, MN; and found employment and a place to live, with a goal of saving enough by the end of the month to pay the next month's rent. Her employment consisted of restaurant waitress and hotel maid in Florida, nursing home aide and a house cleaning maid in Maine, and a Wal-Mart associate in Minnesota.

constantly went into Wal-Mart looking for a job. After applying six times, she finally got hired.

Henri Boulangerie sold 45,000 one-dozen packages of muffins for $5.50 each, 65,000 one-dozen packages of cookies for $4.75 each, and 85,000 one-dozen loaves of bread for $5.25 each. When Nicole got to Jeff’s office, he motioned her in to have a seat. “Is it time for our meeting already?” he asked. “Where does the day go?”

Eventually Trustmark Bank employees noticed McCarty's savings account, and began to assist her in planning her estate. Bank employees and other friends were so impressed by her unique situation and generous plans for her hard earned savings that they convinced McCarty to splurge on two small window air conditioners for her house and cable television service- a rare

477 Marta’s Grandpa is saying “If you have to pay for it, Marta, it’s not a

Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."

Unit contribution = Unit Price – Unit Variable Cost = $1.80 – $1.40 = $0.40

In this table, it reflects the changes in fixed plant overhead from $420,000 to $378,000. The company still has the fixed selling and administrative expense per quarter of $118,000. The new company fixed overhead is now at $496,000 from the past $538,000 ($42,000) change from past to

All the costs by a company can be broken into two categories, fixed costs and variable costs. Costs that are independent of output are called fixed costs. Fixed costs remain constant throughout the relevant range and are usually considered sunk for the relevant range. Buildings and machinery are included inputs that cannot be adjusted in the short term. They are only fixed in relation to the quantity of production for a certain time period. The cost of all inputs is variable, in the long run.