A fixed monthly subscription fee of $200 and a constant calling rate of $0.5 per minute.
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The phone bill for Company XYZ consists of two components . A fixed monthly subscription fee of $200 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,200 minutes how much was the total phone bill ($) for the month of February?
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- The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $100 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,000 minutes how much was the total phone bill ($) for the month of February? a. 4,500 b. 4,900 c. None of the given answers d. 5,000 E. 5,100Hot Tub Builders sells to three retail dealers under an agreement wherein each dealer pays monthly. The average payments are $148,500, $162,900, and $74,500 from these dealers. Each payment has a collection delay of 1.5 days. What is the amount of the average daily receipts assuming each month has 30 days?A company's telephone bill consists of two elements. One is a quarterly rental charge, payable in advance; the other is a quarterly charge for calls made, payable in arrears. At 1 April 20X9, the previous bill dated 1 March 20X9 had included line rental of $90. Estimated call charges during March 20X9 were $80. During the following 12 months, bills totalling $2,145 were received on 1 June, 1 September, 1 December 20X9 and 1 March 20Y0, each containing rental of $90 as well as call charges. Estimated call charges for March 20Y0 were $120. What is the amount to be charged to the statement of profit or loss for the year ended 31 March 20Y0? A $2,185 B $2,205 C $2,155 D $2,215 Please provide detailed answer with proper explanation that why and what is done .. thankyou
- An automobile dealership offers a car with $0 down payment, $0 first month's payment, and $0 due at signing. The monthly payment, starting at the end of month two, is $433 and there are a total of 36 payments. Assume that the APR is 10% compounded monthly. Find the negotiated sales prices.The following sales and purchases are expected over the Four-month period from December to March Purchases Sales December OMR 30000 OMR 26000 January OMR 25000 OMR 30000 February OMR 24000 OMR 24000 March OMR 26000 OMR 28000 Additional Information: 1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred 2. 30% of the Sales are on credit - and we allow one-month credit period - and 70% of the sales for immediate settlement 3. 40% of the Purchases are on credit - and 1 month credit period - and 60% of the purchases are for immediate settlement 4. The balance of cash as at 1 January was OMR 9000 If the company is preparing a budget from January to March, what will be the Closing balance of cash on March ? Select one: a. OMR 7800 b. OMR 7200 c. OMR 5800A hotel pays the phone company $200 per month plus $.15 for each call made. During January 7,000calls were made. In February 8,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February.3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?
- Medwig Corporation has a DSO of 20 days. The company averages $3,500 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar. $Dick's Draperies has gross sales $15,000 per month, half of which are on credit (paid with 30 days). Monthly expenses are as follows: wages, $3,000; utilities and rent, $2,000; advertising, $300; and miscellaneous, $500, inventory is purchased every three months and totals $30,000 for each order. Yearly expenses paid for in advance are insurance of $1,000 and a rent deposit of $700. Prepare a six-month cash flow statement for Dick's Draperies. What advice would you give this business based on the cash flow statement?Tokyo Corporation purchases P1,500 in raw material each month to support sales of P2,500 that occur in the following month. In addition, Tokyo Corporation pays wages, rent, and taxes that total P700 each month. What is Tokyo's total monthly cash disbursements? a. P300 b. P4,700 c. P700 d. P2,200 e. P1,000
- Baker Industries has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter, are $1,200, $1,400, $1,900 and $3,200, respectively. How much does the firm expect to collect in the third quarter? Assume that a year has 360 days. A)$1,300 B)$1,650 C)$1,400An invoice for $400 dated December 7 has sales terms of 2/10 ROG. The merchandise arrived December 11. If the bill is paid on December 18, what is the amount that was paid? Imagine you earn annual salary of 51149 biweekly and your workweek is 37. What is your hourly rate of pay? Imagine you earn annual salary of 47013 biweekly and your workweek is 35. What is your regular salary per pay period?Alpine Construction, Inc. has a $100,000 line of credit with the Bow Valley Bank. The annual percentage rate is the current prime rate plus 3 1/4% . The balance on June 1 was $52,900. On June 8, Alpine borrowed $30,600 to pay for a shipment of lumber and roofing materials and on June 18 borrowed another $12,300 for equipment repairs. On June 28, a $35,000 payment was made on the account. The billing cycle for June has 30 days. The current prime rate is 7 3/4%What is Alpine’s new balance