In the fiscal year just concluded, the University Shop reported net income of. P4,000,000 on sales of P30,000,000. The variable costs as a percentage of revenues are 70%. What is the amount of fixed costs? 1. P 3,000,000 2. P 5,000,000 3. P 6,600,000 4. P 17,000,000 O 1 O 2 O 3 4

You are a responsible person, but sometimes you have to charge things to your credit card and pay for them over several months rather than in one payment. Your card has a $1,000 limit. Since you are going to be financing your charges over several months, what is the maximum amount you should owe on your credit card at one time? OA. $200. O B. $400. OC. $800. OD. $1,000. Question 18 Save and Quit You lave a creuit card with a $1,000 limit. You plan to always pay your card off in full each month. What is the amount you can safely owe on your card? DELL $4 4. & 7 e y

PART II: Open-ended Problems Instructions: Determine a solution for each problem. Unless specifically instructed to do otherwise, enter your final numerical answer on the THPS-2 Answer Submission Form on iCollege as follows: enter dollar answers rounded, if necessary, to the nearest whole dollar but do not include a dollar sign or any commas (for example, enter $23,306.84 as 23307); enter percent answer rounded to 1 decimal place, without a percent sign and without any commas (for example, enter 0.274324 = 27.4324% as 27.4); if your answer is a negative amount, put a hyphen before your number with no space between the hyphen and the number (for example, enter negative 72.3984 as -72.4). USE THE INFORMATION BELOW TO ANSWER QUESTIONS 21-23 Fertzil's Fertilizer Store, Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2021 and 2022 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Notes payable Accounts payable Wage & Tax…

! Required information [The following information applies to the questions displayed below.] Start your QuickBooks Online company. Complete all the hands-on work, step-by-step activities presented on pages 53- 94, and Exercises 2-1, 2-2 and 2-3 on pages 94-96. To answer the questions below, use the information in QuickBooks from your Chapter 2 work. Required: 1. On the Chart of Accounts, why are the account type and detail type selections important? 2. To explain the account and detail types, three accounts have been given in the table below. Select the appropriate answers for account type, detail type, account number, and corresponding financial statement for each account. Complete this question by entering your answers in the tabs below. Required A Required B To explain the account and detail types, three accounts have been given in the table below. Select the appropriate answers for account number, and corresponding financial statement for each account. Account Accounts Payable…

I understand the cost classification, but not the total amount and percent of total. Thanks!

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Home * CengageNOWv2 | Online teachin x +. takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How E Print Item Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 15% of sales Miscellaneous administrative expense $10,000 per month plus 4% of sales Office salaries expense $50,000 per month Customer support expenses $20,000 per month plus 30% of sales Research and development expense $75,000 per month Prepare a flexible selling and administrative expenses budget for October for sales volumes of $500,000, $750,000, and $1,000,000. (Use Exhibit 5 as a model.) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 Total sales $500,000 $750.000 $1,000,000 Variable cost: Sales commissions Advertising expense Miscellaneous…

Review the sales journal below. (Click the icon to view the sales journal.) Read the requirements. Requirement 1. Total each column of the sales journal. Date 2024 Jun. Jun. 1 8 101 Fletcher Jay 102 Iliana Flower 13 103 Jesse Thomas 28 104 George Westerberg 30 Totals 1. 2. Invoice No. Requirements 3. 4. Customer Account Debited Sales Journa Post. Accounts Receivable DR Ref. Sales Revenue CR Total each column of the sales journal. The following four-column accounts in the accounts receivable subsidiary ledger have been opened for you: Accounts Receivable-Flower; Accounts Receivable Jay; Accounts Receivable-Thomas; Accounts Receivable-Westerberg. Post the transactions to the accounts receivable subsidiary ledger. 1,260 2,225 360 900 Print The following selected four-column accounts in the general ledger have been opened for you: Accounts Receivable (112); Merchandise Inventory (118), Bal. $4,800; Sales Revenue (411); Cost of Goods Sold (511). Post the total of each column to the general…

This is a T-Account for SERVICE REVENUE FEEHere are the transactions and amounts provided. I need to find out what Transaction C is.On the Credit SideBeginning Balance $6,000Transaction A $3,00Transaction B $3,500Transaction C? is on the Debit side. How do I figure out the amount of Transaction C. Please show me how to figure that out but also provide the answer. Thanks!

Please answer 1,2,3,4.it would be a great help. upvote confirm