Question
3 points Nova Company's total overhead costs for January and February are presented below. Month January February Machine-Hours 60,000 90,000 Total Overhead Costs $170,000 $230,000
3 points Nova Company's total overhead costs for January and February are presented below. Month January February Machine-Hours 60,000 90,000 Total Overhead Costs $170,000 $230,000 Assume that the total overhead costs consists of utilities, supervisory salaries and maintenance. The breakdown of these costs at 60.000 machine-hours is Utilities (variable) $48,000 Supervisory salaries (fixed) $40,000 Maintenance (mixed) $82,000 Total $170,000 What is the amount of maintenance cost for the month of February? 3 points Blinko Products is considering leasing an airplane for use by its sales staff. If the airplane is leased, the company would make an immediate deposit of $50.00 to cover any damage during use. The lease would run for five years, at the end of which time the deposit would be refunded. The lease would require an ann payment of $120,000 (the first payment is due at the end of Year 1). At the end of the five year period, the plane would revert back to the manufacturer Blinko uses a discount rate of 14%. What is the net present value of leasing the airplane? ($411.960) ($436.010) ($461.960) O ($386,010). Under the indirect method of preparing a statement of cash flows, which of the following would be added to net income to determine cash flows from operating activities? Increase in Accounts Payable. Increase in Prepaid Expenses. Gain on sale of equipment. All of the above. None of the above
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