Scott, LLC, has gathered the following information regarding the number of tax schedules prepared and the revenue
Question:
Required
A. Determine the revenue formula using the high/ low method.
B. What is the estimated revenue if 5,600 tax schedules are prepared in one period?
C. What is the estimated revenue if 2,200 tax schedules are prepared in one period?
D. Does the relevant range concept impact your answer to part (C)?
Transcribed Image Text:
Period Revenue Generated $38,400 36,750 35,885 36,780 39,000 39,875 Number of Tax Schedules Prepared 6,550 5,400 3,700 4,300 5,450 6,575
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (22 reviews)
a 39875 35885 6575 3700 3990 2875 13878 35885 FR 13878 3700 FR 307501...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Management Leadership questions
-
The Rust Corporation has gathered the following information for activities during 2010: Credit sales ......................................................................................... $...
-
The Outsider Company, Inc. provided the following information regarding its inventory for the year ended December 31, 2015. It made all of the purchases before any sales transactions for the year....
-
The following information regarding the fiscal year ended December 31, 2016, was drawn from the accounts and records of the Volendam County general fund: Revenues and Other Asset Inflows Taxes...
-
In the OKR goal-setting framework, what is the difference between objectives and key results? Objectives deal with measurable aspects of a company's processes, while key results deal with...
-
The United Nations Development Programme (UNDP) uses the Human Development Index (HDI) in an attempt to summarize in one number the progress in health, education, and economics of a country. In 2012,...
-
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. a. The total ________ line increases as the volume of...
-
Describe or define the following key performance indicators (KPIs) from the statement of cash flow: 1. Cash flow from operating activities 2. Cash flow from investing activities 3. Cash flow from...
-
Arnold Palmer Hospital is studying the number of emergency surgery kits that it uses on weekends. Over the past 40 weekends, the number of kits used was as follows: Number of Kits . Frequency 4...
-
Compare and contrast three different methods to promote safety within a company and contractor accountability. Include any methods you would use to make sure workers are not discouraged from...
-
Assignment Problem Twenty-One - 4 (Regular GST Return) Lotor Inc. (Lotor) is a Canadian controlled private corporation (CCPC) that was incorporated in Alberta in 2012. Lotor operates exclusively...
-
Your company is experiencing a cash shortage this month and can only pay up to $ 150,000 of in-voices. You received the following list of invoices currently due. Required A. Determine the invoices to...
-
Refer to P3.7. The following linear regression results were obtained using these data: Required A. Determine the revenue formula using the linear regression output. B. What is the estimated revenue...
-
Charles Dow was the original editor of the Wall Street Journal. He was the originator of Dow Theory, which holds that the prices of transportation stocks, such as Heartland Express, can predict...
-
What was the cost of goods manufactured? $4,000 $460 $490 Selected financial information for Brookeville Manufacturing is presented in the following table (000s omitted). Sales revenue Purchases of...
-
The acceleration of a particle is given by a = At where A = 2.0m/s5/2 . At t = 0, v = 7.5m/s and x = 0. (a) What is the speed as a function of time? (b) What is the displacement as a function of...
-
Newly-licensed Attorney wants to open up a law office. His Aunt owns a commercial building with a vacant office suitable for that purpose. Aunt told Attorney that he could use the vacant office for...
-
Problem 6: The acceleration of a particle traveling along a straight path is a-5.68s m/s, where & is in meters. If the particle's speed is 6.23 m/s at s = 0, find its speed when it is at s 3.89 m.
-
The difference between debt and equity in an entity's statement of financial position is not easily distinguishable for preparers of financial statements. Some financial instruments may have both...
-
Give the products expected when isopentyl bromide (1-bromo-3-methylbutane) or the other substances indicated react with the following reagents. (a) KI in aqueous acetone (b) KOH in aqueous ethanol...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
What approach provides for the scalability of Scrum?
-
The Cole Corporation had cost of goods sold of $685,000 during 2018. Based on the beginning and ending balances of the Inventory and Accounts PayableMerchandise accounts, how much cash did Cole...
-
What is the difference between prepaid rent and rent expense?
-
Who pays FICA taxes, the employee or the employer? Why?
-
Researchers have a samSuppose that test scores are normally distributed with an unknown mean and standard deviation. The scores of 20 students are used to estimate the mean score. Use a calculator to...
-
Q9A. Consider the following algorithm: sum = 0 for j in range(1,13): sum = sum + (5*j - 4) print(sum) What is printed as a result of executing this algorithm? Your Answer:
-
Consider a firm that had been priced using a 1 0 percent constant growth rate and a 1 4 percent required rate. The firm recently paid a $ 1 . 0 0 dividend. The firm has just announced that because of...
Study smarter with the SolutionInn App