HTA 402 Study Guide - Final Guide: Interest Expense
5 Jun 2016
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Interest income/other ((invested amount x interest rate 0. 03) /life (july 1, 6 months/12=2)) At the end of the year they got 1. 75 per share ((450/5) x 1. 75)) Management fees (to be paid to the management company is 2% of net room sales and 4% of total income before management fees and fixed charges (room sales revenue x 0. 02) + (gop x 0. 04) Salaries and wages (e. g. fringe benefits and payroll taxes - inclusive of employee meals are 20% of gross salaries and wages all salaries and wages multiply by 1. 2. (30% = 1. 3) = new salary & wage total, and then add employee meals to department salary and wages) Pays an average of 30% of its pre-tax income income tax = income before income taxes x 0. 3) Find fixed costs from mixed costs (do step 1-3 for all mc accounts) Vc per unit = __highest cost lowest cost__ (total answer should be in decimal)
