A chain of convenience stores has one manager per store who is paid a monthly salary. Relative to Store #36 located in Atlanta, Georgia, is the manager’s salary fixed or variable? Why?
Q: Jimmy Pace has recently been hired as the manager of Jittery Jon’s Coffee Shop. Jittery Jon’s Coffee…
A: Definition: Internal control: Internal control is a process which ensures continuous reliability…
Q: If Georgiana estimates 1400 customers next month, what is the estimated cost for nail supplies?…
A: Total cost: It is the cost incurred for manufacturing the units. To determine the total cost we have…
Q: An insurance company has looked at the total salary costs of its call centre staff, which it has…
A: Staffing costs are the parts of the budget allocated to the various expenses such as wages which are…
Q: The Fortune Supermarket has on the average shopping in the store between 8-12 AM and 2-6 PM on…
A: Total working hours on Saturday is 8 hours [i.e 4 hours (8-12am) and 4 hours (2-6pm)] Four option is…
Q: Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon.…
A: It is unethical to save the cost of the company by laying off the employees by outsourcing payroll…
Q: The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that…
A: The Break-even point is that level of sales, where the total cost i.e variable and fixed both are…
Q: For the past 11 years, Elaine Wright has been an employee of the Star-Bright Electrical Supply…
A: Controls It refers to the measures adopted by an enterprise to provide reasonable assurance that the…
Q: A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the…
A: Monthly salary =38500 Commission: From his sales(250000 * .07)…
Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…
A: Accounting standards are set of rules that provide guidance for recording accounting information…
Q: During a recent month, Cleveland Company planned to provide cleaning services to 30 customers for…
A: Budgeted revenue = Budgeted no. of customers x budgeted hours per job x rate per hour = 30*3*25 =…
Q: 3. Ralph Konsky was hired as an administrative assistant for Hereford Cattle Company. His annual…
A: Salaries cost is the cost of employees that are working in the office of the organisation. This is a…
Q: Java Joe’s operates a chain of coffee shops. The company pays rent of $12,000 per year for each…
A: Rent and salary of manager are Fixed costs, as it does not vary with variation in production volume…
Q: Angie March owns a catering company that stages banquets and parties for both individuals and…
A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…
Q: Discuss the risks inherent in the scenario. Make control recommendations to mitigate the risks under…
A: Requirement 1: Following are the risks inherent in the scenario: Harold Jones staggering his…
Q: Public relations specialists create and maintain a favorable public image for the organization they…
A: Mortgage is an amount which is borrowed from external sources like financial institutions for a…
Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…
A: Assuming i have been appointed as a accountant in a local fashion company. In any company there will…
Q: Alex sdn bhd is a 25-save chain, concentrated within the johor baharu, that sells ready-to-put on…
A: Solution-A 5 strengths in the Alex SDN BHD 1- On…
Q: Alan’s Affordable Running Products aka AARP has three employees: Brandon, the Manager, who earns a…
A: Salary expenses are as follows Brandon as a manager get the salary from the company $1000 per week.…
Q: You are the manager of accounting for a company that sells computer software packages. You have just…
A: A memo to communicate this information to all employees is as follows:
Q: Anita Brown is the manager of a wholesale food company. Her compensation, in part, is…
A: 1.When expenses are decreased, profitability of the company increases. Hence, when the estimate of…
Q: THIS IS THE LAST PART OF THE QUESTION- THE IMAGE ARE THE FIRST PART THIS IS THE ENDING* A&R bills…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Marlene Grady and Pauline Monroe are partners engaged in operating The G&M Doll Shop, which has…
A: OASDI is the Old Age, and disability insurance Tax and the which deducted by the employer which goes…
Q: Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon.…
A: The annual increase in the operating income will be $18,000 if the Duck Associate outsources the…
Q: Classify each of the following costs incurred by FIT as fixed, variable, or mixed:
A: Cost can be defined as the amount incurred for making the business operations run. For business…
Q: Suppose you have a part-time position over the winter break in a small clothing store that is part…
A: Internal Control is a mechanism that should be implemented by those charged with governance to…
Q: Suppose that an accounting firm with 10 employees hires another accountant. Bydoing so, it goes from…
A: The marginal product of an input can be defined as the ratio of change in the output by employing…
Q: What are Jenny’s fixed costs for the month? Jenny’s Cutting Station offers a new concept in…
A: Fixed cost is the cost that is not dependent on the number of units sold. It is fixed for a…
Q: List the types of costs incurred when employees are laid off. What costs are difficult to estimate…
A: Laying off is a situation where companies reduce its number of employees for cost-cutting of…
Q: Consider each of the following independent situations for Sunrise Tours, a company owned by David…
A: Definition: Responsibility center: The responsibility center is the specific center in which each…
Q: management consulting firm has four types of professionals on on its staff: Managing consultants,…
A: Average Average of a number of values is the sum of the multiplication of values and the…
Q: A business has 200 full-time workers who work 8 hours per day. They have 100 part-time workers who…
A: Compute the number of hours worked by full-time workers per year: =200 full time workers × 8 hours…
Q: Amy Andrews is a CPA who works as a managerial accounting consultant for a variety of firms. To…
A: Formula: Premium Amount = Total cost x Premium rate
Q: Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each…
A: Answer: Part a: A driver's per day marginal revenue product is basically the revenue that the hiring…
Q: Paradise Pool Cleaning Service provides pool cleaning services to residential customers. The company…
A: Cost-volume profit analysis is a tool that helps in decision making by establishing a relationship…
Q: Joe Fixit has an appliance-repair business. He has more business than hecan handle and wants to hire…
A: 1) The marginal revenue product is the additional revenue we obtain by hiring one more unit of labor…
Q: A chain of convenience stores has one manager per store who is paid a monthly salary. Relative to…
A: Variable cost is defined as the cost which varies with the extent of output.
Q: State whether you agree or disagree with Jimmy’s method of handling each situ-ation and explain your…
A: Internal Control: Internal control is a process which ensures continuous reliability of…
Q: A sales supervisor whose monthly salary is ₱38,500.00 is paid 7% of his total sales and 3% of the…
A: Gross income is the sum of all salaries and wages, profits, interests and commissions before any…
Q: Janice hires Mariam to assist her with the general store duties. Mariam describes herself as an…
A: Introduction: Private Contractors frequently have no idea that they are not Workers as defined by…
Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…
A: a) Income Statement reports revenue, expenses ,profits and losses of the firm. It is a nominal…
Q: Black's Compact Disk Store expanded the size of its store in Mandaluyong Cty, two months ago. The…
A: SOLUTION- COST EQUATION IS A MATHEMATICAL FORMULA THAT A COMPANY CAN USE TO PREDICT THE EXPENSES…
Q: Jimmy Pace has recently been hired as the manager of Jittery Jon’s Coffee Shop. Jittery Jon’s Coffee…
A: Explanation:
Q: Jessica Porter works in both the Jewelry department and the Cosmetics department of a retail store.…
A: Allocation of hours in 2 departments - Let us assume she works 6 days in a week. Two week period =…
Q: Ethics and the Manager Tom Kemper is the controller of the Wichita manufacturing facility of Prudhom…
A: Answer:
Q: Assume you are a newly appointed accountant in a local fashion Company named Al Rahim clothing…
A: a. Income Statement reports revenue, expenses ,profits and losses of the firm. It is a nominal…
A chain of convenience stores has one manager per store who is paid a monthly salary. Relative to Store #36 located in Atlanta, Georgia, is the manager’s salary fixed or variable? Why?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each driver delivers 50 packages per day, and the firm charges $20 per package for delivery. a. What is the MRP per driver per day? b. Now suppose that a union forces the company to place a supervisor in each vehicle at a cost of $300 per supervisor per day. The presence of the supervisor causes the number of packages delivered per vehicle per day to rise to 60 packages per day. What is the MRP per supervisor per day? By how much per vehicle per day do firm profits fall after supervisors are introduced? c. How many packages per day would each vehicle have to deliver in order to maintain the firm’s profit per vehicle after supervisors are introduced? d. Suppose that the number of packages delivered per day cannot be increased but that the price per delivery might potentially be raised. What price would the firm have to charge for each delivery in order to maintain the firm’s profit per vehicle…Mary Jo Prenaris is an office manager with gross earnings of $1,300 semimonthly. If her company switches pay schedules from semimonthly to biweekly, what are Mary Jo's new gross earnings?Round dollars to the nearest cent. $__________ biweekly salaryJava Joe’s operates a chain of coffee shops. The company pays rent of $12,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The manager of each shop is paid a salary of $2,000 per month, and all other employees are paid on an hourly basis. Relative to the number of customers for a shop, the cost of rent is which kind of cost?
- HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financial transaction. These sales invoices for the sales transaction irrespective of the payment type.The record-keeping starts with the sales assistant on the sales floor. The sales assistant fills the sales invoices manually by providing the following information: Records his or her employee number.2. Enters the transaction details including clothes item number, description,…HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financial transaction. These sales invoices for the sales transaction irrespective of the payment type. The record-keeping starts with the sales assistant on the sales floor. The sales assistant fills the sales invoices manually by providing the following information: 1. Records his or her employee number. 2. Enters the transaction details including clothes item number,…HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financial transaction. These sales invoices for the sales transaction irrespective of the payment type.The record-keeping starts with the sales assistant on the sales floor. The sales assistant fills the sales invoices manually by providing the following information: Records his or her employee number.2. Enters the transaction details including clothes item number, description,…
- HARDA Fashion sells ready-to-wear fashion clothes to teenagers. The company has a 20-store chain concentrated in the north-eastern part of the United States of America. Each store has the experienced full-time staff consist of a manager and an assistant manager. The full-time staff is paid a fixed salary. The full-time staff is assisted with a cashier and a sales assistant who have comparatively less experience. The cashier and sales assistant are paid hourly wages plus the commission based on the volume of sales. HARDA Fashion uses unsophisticated cash registered with four-parts sales invoice to record each financial transaction. These sales invoices for the sales transaction irrespective of the payment type.The record-keeping starts with the sales assistant on the sales floor. The sales assistant fills the sales invoices manually by providing the following information: Records his or her employee number.2. Enters the transaction details including clothes item number, description,…The manager of a retail shop is awarded a bonus if his shop stays within the quarterly budget. Often times, the manager will schedule hourly employees less or not purchase inventory until the next quarter in order to make sure the shop stays within budget. Discuss why or (why not) this an ethical issue and who could be impacted by the manager's actions. In addition, how could this impact the performance measurements of the retail shop?Gypsy Joe’s operates a chain of coffee shops. The company pays rent of $10,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,500 per month and all other employees are paid on an hourly basis. The costs of supplies relative to the number of customers in a particular shop and relative to the number of customers in the entire chain of shops is which kind of cost, respectively? Variable cost / fixed cost Fixed cost / fixed cost Variable cost / fixed cost Variable cost / variable cost
- Java Joe’s operates a chain of coffee shops. The company pays rent of $12,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The manager of each shop is paid a salary of $2,000 per month, and all other employees are paid on an hourly basis. Relative to the number of customers for a shop, the cost of rent is which kind of cost? cFixed cost Variable cost Mixed cost Relevant costImprovement Station is a national home improvement chain with more than 100 stores throughout the country. The manager of each store receives a salary plus a bonus equal to a percent of the store’s net income for the reporting period. The following net income calculation is on the Denver store manager’s performance report for the recent monthly period. Sales . $2,500,000 Cost of goods sold . 800,000 Wages expense 500,000 Utilities expense 200,000 Home office expense . . . . . . . . . . . . . . 75,000 Net income . $ 925,000 Manager’s bonus (0.5%) $ 4,625 In previous periods, the bonus had also been 0.5%, but the performance report had not included any charges for the home office expense, which is now assigned to each store as a percent of its sales. Required Assume that you are the national office manager. Write a half-page memorandum to your store managers explaining why home office expense is in the new performance report.Safa traders is a wholesale business unit based in Salala. The company is dealing with disposable tableware in large quantities. The business has a separate stores department which maintains a full-fledged stores register which will be updated on a day to day basis with all the stock movements. At the end of the previous month, the company management has called for a strategic meeting to discuss the future plans to improve the performance of the business. One of the partner has raised his concern about the increasing total cost of the business and he suggested to use any appropriate Inventory control technique to reduce the overall cost of the company. The management accountant is considering to implement EOQ purchase in the business to reduce the overall cost of the company. Upon request, the stores department has provided with the following information to estimate the EOQ. Annual demand for the tableware is given as 5000 Units and the business has to spend OMR 20 per order in order…
