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1

Accounting

1.What is the difference between Salary Expense and Pension Expension?

2.Operating Leverage

Beck Inc. and Bryant Inc. have the following operating data:

  Beck Inc. Bryant Inc.
Sales $315,300   $1,027,000  
Variable costs 126,500   616,200
Contribution margin $188,800   $410,800  
Fixed costs 129,800   252,800
Income from operations $59,000   $158,000  

a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.

Beck Inc.  
Bryant Inc.  

b. How much would income from operations increase for each company if the sales of each increased by 10%? If required, round answers to nearest whole number.

  Dollars Percentage
Beck Inc. $   %
Bryant Inc. $   %

3. The term differential cost refers to:

       
A- The benefit forgone by selecting one alternative instead of another.
B- A cost which does not involve any dollar outlay but which is relevant to the decision making process.
C- A cost which continues to be incurred even though there is no activity.   
D-difference in cost which results from selecting one alternative instead of another

4.

Create a table on a spreadsheet with columns labelled “Count”, “Date”, “Interest this Period”, and “Total”. As depicted below.



You will begin with the count at 0, and the date of Sept 30, 2016. For that first row, the “Interest this period” is zero, and the total is $39,000 CAD. Above the columns, put the label “rate”, and in the cell below that, enter your periodically compounding rate of 20%. Put the label “Timestep in years” and in the cell below that, enter =1/4.

For each subsequent row of the table, use formulas to set the count equal to one more than the previous count, and set the date equal to the previous date plus 365*[the value in the timestep cell]. The “Interest this Period” is the “Total” from the previous “Date”, times the “rate” cell, times the “timestep” cell. The “Total” for each row is the “Total” from the previous row plus the “Interest this period”. Make sure that you use dollar signs for absolute addresses where appropriate in order to be able to copy these formulas to later rows. Copy that new row, and paste it into the rows below it so that the count goes to at least 100.

You can validate your spreadsheet by checking that the total comes out right if the interest rate and initial total from a previous question is used with a timestep of 1. Don’t forget to restore the timestep and rate to the values for this problem when done.
(a) What is the date that Excel shows for the row whose count is 100? (Copy and paste the content of that cell into the answer box below.)
(b) What is the interest earned for the period with count 72?

 

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