Rezaul Karim is confused. He does not understand why rent on his apartment is a fixed cost
Question:
Rezaul Karim is confused. He does not understand why rent on his apartment is a fixed cost and rent on a Hertz rental truck is a mixed cost. Explain the difference to Rezaul.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (20 reviews)
Apartment rent is fixed because the cost per month remain...View the full answer
Answered By
Antony Mutonga
I am a professional educator and writer with exceptional skills in assisting bloggers and other specializations that necessitate a fantastic writer. One of the most significant parts of being the best is that I have provided excellent service to a large number of clients. With my exceptional abilities, I have amassed a large number of references, allowing me to continue working as a respected and admired writer. As a skilled content writer, I am also a reputable IT writer with the necessary talents to turn papers into exceptional results.
4.50+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
Students also viewed these Business questions
-
Yoko Kawamura defines contribution margin as the amount of profit available to cover operating expenses. Is there any truth in this definition? Discuss.
-
1. Indicate whether each of the following accounts is an asset (A), a liability (L), or a part of stockholders equity (SE): a. Cash b. Salaries Payable c. Accounts Receivable d. Common Stock e. Land...
-
Tarech Corporation engaged in activities during the first year of its operations that resulted in the following: service revenue, $4,800; total expenses, $2,450; and dividends, $410. In addition, the...
-
Briefly explain the differences between copyrights and patents.
-
(a) Recall (Sec. 5) that if z = x + iy, then By formally applying the chain rule in calculus to a function F(x, y) of two real variables, derive the expression (b) Define the operator suggested by...
-
In Exercises 6366, determine whether each statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. In solving a linear system of three...
-
Write a code to test a Gaussian pseudorandom number generator. If you do not have a canned generator available, write a generator based on the Box-Muller algorithm in Appendix I. Apply the following...
-
William Corporations income statement for the year ended December 31, 2014, and its comparative balance sheets as of December 31, 2014 and 2013, follow. During 2014, William engaged in these...
-
1. Using Fig 2.16 calculate S max of solar constant (irradiance) corresponding to the maximum irradiance over the 25 years presented on the graph (round your answer to 4 digits). 2. Calculate RF max...
-
A patent gave Sony a legal monopoly to produce a robot dog called Aibo ( eye- BO). The Chihuahua- size pooch robot can sit, beg, chase balls, dance, and play an electronic tune. When Sony started...
-
a. Ke Liu asks your help in understanding the term activity index. Explain the meaning and importance of this term for Ke. b. State the two ways that variable costs may be defi ned.
-
Marshall plcs GWhiz calculator sells for 40. Variable costs per unit are estimated to be 26. What are the unit contribution margin and the contribution margin ratio?
-
What is the attractive feature of a turret-type punch press?
-
Consider the following data given in random order for GD Inc. at December 31, 2018, the end of its fiscal year: Revenues Cash Accounts receivable Salary expenses Salary payable Current ratio...
-
Roberta is participating in a Deferred Profit-Sharing Plan offered by he employer. She is sixty-seven years of age and in extremely good health. She plans to work for another three years. When she...
-
Superior Cars sold a car for $35,000 cash. In addition, the company will provide 4 oil changes per year for 5 years and an extended warranty for 5 years. The normal observable stand-alone selling...
-
MEDMAD Inc is a highly geared pharmaceutical company that is looking to expand its product offerings. MEDMAD have identified six new product lines which they are may decide to manufacture. Each...
-
The environmental manager observes that the scrubbers and treatment facility enable the company to just meet state emission standards. She feels that the standards will likely increase within three...
-
The following financial information (in millions except for per share amounts) is for two major corporations for the three fiscal years ended December 31 as follows: Neither company has preferred...
-
A consultant is beginning work on three projects. The expected profits from these projects are $50,000, $72,000, and $40,000. The associated standard deviations are $10,000, $12,000, and $9,000....
-
In January, Reyes Tool & Die requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600. Prepare a summary journal entry to record raw...
-
Factory labor data for Reyes Tool & Die is given in BE20-2. During January, time tickets show that the factory labor of $5,000 was used as follows: Job 1 $1,200, Job 2 $1,600 Job 3 $1,400, and...
-
Data pertaining to job cost sheets for Reyes Tool & Die are given in BE20-3 and BE20-4. Prepare the job cost sheets for each of the three jobs. (Note: You may omit the column for Manufacturing...
-
A company sells one model of a synthetic leather basketball. The basketballs sell for $20 each, and the variable expenses for each basketball are $14. The company has $1,200 of fixed expenses. How...
-
Below is the sales budget for Alejandro Company. The product sells for $60 in September and October and then the retail price is increased to $65 in November - February. Month Budgeted Sales in Units...
-
What is a good response to the following post made by a classmate? Interest Expense=$8,0000.09(360/36) = $72 Interest Payable (Hyatt Company) $72 (Credit) Interest Expense $72 (debit) Interest...
Study smarter with the SolutionInn App