Define and give an example of each of the following revenues for a service company: (a) Fixed

Question:

Define and give an example of each of the following revenues for a service company:
(a) Fixed revenue
(b) Variable revenue
(c) Mixed revenue.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

See More Books

Question Posted: Mar 25, 2015 11:03 AM

See More Questions

Define and give an example of each of the following costs for a merchandising company: (a) Fixed cost (b) Variable cost (c) Mixed cost.
Define and give an example of each of the following costs for a manufacturing company: (a) Fixed cost, (b) Variable cost (c) Mixed cost.
Define and give an example of each of the following quotes: a. Bid quote. b. Ask quote.
where a bank's liabilities can be withdrawn in the short-term while its assets are being repaid in the long-term.
We removed humans from the scatterplot in Exercise 39 because our species was an outlier in life expectancy. The resulting scatterplot (below) shows two points that now may be of concern. The point...
Assuming that the county has just changed from the system in Figure 7-12 to the one in Figure 7-13, which of your answers in questions 2 and 3 do you think is better? Justify your answer.
Draw and determine the C.M. positions of the following molecules. Use a periodic table of the elements for the masses of the elements (it is enough to consider the mass number). Atomic distances are...
Giovanni Construction Company uses the job order cost system. In recording payroll transactions, the following accounts are used: Cash Administrative Salaries Wages Payable Miscellaneous...
11. If a,b,x,ye R,@ #1, is a cube root of unity and (a+b)=x+yo, then (b+aw)' equals: (a) y+x@ 6 (c) -y-xw 12. The value of S = sin- -icos- (c) y+yw (d) -x-ya 2k is: 7 (c)-i (d) i , then value of...
Base your answers to the following questions on the financial statements for Leons Furniture imited/Meubles Lon Lte in Exhibits 1.27A to 1.27D. In the questions below, the year 2016 refers to Leons...
What is the relationship between a sales return and a purchase return? What is the relationship between a sales discount and a purchase discount? What is the relationship between a sales allowance...
Explain how to use the high/ low method to estimate costs and/ or revenues.
Hammer Corporation is an automotive supplier that uses automatic machines to manufacture precision parts from steel bars. The company's inventory of raw steel averages $600,000, with a turnover rate...
The following anticipated data are for the next year of operations: Per unit ($) 20 Direct material cost: ($) 20 Direct labor cost: 10 Variable production overhead 10 Variable nonproduction overhead...
Assume that you live on the Moon near the center of the face that looks toward Earth. Suppose you see a full Earth in the sky . What phase of the Moon would the people of Earth see? Explain your...
Write three slogans about principles of ethics of communication and bias-free language ? explain
While being shot from a bow, an arrow was accelerated over a displacement of 0 . 4 m. The arrow left the bow at a velocity of + 2 0 m/s. What was the average acceleration produced by the bow on the...
1 . A sample of string 4 . 0 meters long is cut from a spool. That sample has a measured mass of 2 . 0 grams. What is the linear mass density of this type of string? Answer in kg / m .
For the following questions, imagine you have a Workbook object in the variable wb, a Worksheet object in sheet, a Cell object in cell, a Comment object in comm, and an Image object in img. How would...
Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...
Refer to E5.12. Assuming Leithead remits the taxes to the proper authorities during the same period as the employees are paid, what is the expected cash outflow for Leithead (ignore employer taxes)?...
What is a stockout cost and why is it important?
Discuss reasons to not hold inventory.
According to theknot.com, online dating is the most common way people meet their spouses today. This claim was based on a survey of 1,400 randomly selected recently married couples, with 266...
Miller's Hardware plans on saving $40,000, $50,000, and $58,000 at the end of each year for the next three years, respectively. How much will the firm have saved at the end of the three years if it...
Wizmo technologies is producing a new kids watch, an electronic gadget for kids to stay connected with their parents. The project requires an initial investment in plant and equipment of 6 million....

Define and give an example of each of the following revenues for a service company: (a) Fixed

Question:

Step by Step Answer:

For a service company activity could be defined as the number of hours worked a Fixe...View the full answer

Introduction to Accounting An Integrated Approach

Students also viewed these Management Leadership questions