Question
Please don't just tell me the answer but how you got the answer. Thank you 1.) Month Miles Total Cost January 80,000 $270,000 February 50,000
Please don't just tell me the answer but how you got the answer. Thank you
1.)
Month Miles Total Cost
January 80,000 $270,000
February 50,000 200,000
March 70,000 240,000
April 90,000 320,000
Q1) In applying the high-low method, which months are relevant?
Q2) In applying the high-low method, what is the unit variable cost?
Q3) In applying the high-low method, what is the fixed cost?
2.) The following information was taken from Indriks Companys cash budget for the month of July:
Beginning cash balance $150,000
Cash receipts 95,000
Cash disbursements 170,000
If the company has a policy of maintaining a minimum end of the month cash balance of $125,000, the amount the company would have to borrow is
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