Business, 12.08.2020 04:01, zitterkoph
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results Flexible Budget Planning Budget Flights (q) 58 58 56 Revenue ($360.00q) $ 16,000 $ 20,880 $ 20,160 Expenses: Wages and salaries ($3,300 + $91.00q) 8,536 8,578 8,396 Fuel ($34.00q) 2,134 1,972 1,904 Airport fees ($820 + $34.00q) 2,667 2,792 2,724 Aircraft depreciation ($11.00q) 638 638 616 Office expenses ($210 + $1.00q) 436 268 266 Total expense 14,411 14,248 13,906 Net operating income $ 1,589 $ 6,632 $ 6,254 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. e., zero variance). Input all amounts as positive values.)
Answers: 2
Business, 21.06.2019 19:30, aquinomoises518
Maker-bot corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. no dividends were declared in the first two years. if the company pays $400,000 of dividends in the third year, how much will common stockholders receive?
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Business, 22.06.2019 04:10, chloeholt123
What is the difference between secure bonds and naked bonds?
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Business, 22.06.2019 07:30, 2016gbryant
Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.
Answers: 2
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that...
English, 21.07.2019 06:00
History, 21.07.2019 06:00