Examlex

Solved

Cardillo Inc

question 142

Multiple Choice

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:


Definitions:

Subjective Statement

An assertion based on personal opinions, feelings, or tastes, rather than on external facts or evidence.

Tickler File

An organizational system used to remind individuals of tasks, deadlines, or important dates, often structured as a series of folders or digital alerts.

Chronologic File

A method of organizing files or documents according to their date or sequence in time.

Chart

A visual representation of data, designed to make information easily understandable at a glance.

Related Questions