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Cardillo Inc

question 139

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Cardillo Inc., an escrow agent, has provided the following data concerning its office expenses: Cardillo Inc., an escrow agent, has provided the following data concerning its office expenses:   Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction. Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to: A) $26.75 B) $118.23 C) $36.11 D) $72.49 Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction.
Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to:


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Fundamental qualities or features that define or distinguish the essence of a subject.

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A precise description that aims to outline the essence of a concept by delineating its necessary and sufficient conditions.

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Lacking in clarity, specificity, or precision, often intentionally or due to insufficient detail.

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