Glatt Inc, an Escrow Agent, Has Provided the Following Data Concerning

question 28

Multiple Choice

Glatt 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)$101.08
• B)$59.12
• C)$17.11
• D)$17.15

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Definitions:

Defensive Barrier

A protective measure or strategy employed to prevent competition from entering a market or to safeguard a company's market share.

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Various dangers originating in outer space that could harm Earth or its inhabitants, including asteroids, comets, and artificial space debris.

Space Threat

A situation in which a person threatens to invade another’s spatial territory.

Interloper

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