The management of Lawnshark Lawnmowers has calculated the following variances:
What is the total variable overhead variance of the company?
A) $2500 F
B) $12,500 F
C) $8500 F
D) $4000
C) $8500 F
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On November 1, 2016, Brownsville Co borrowed $80,000 from State Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, 2016, the adjusting entry for this note includes a:
a. Debit to Interest Expense for $3,200. b. Credit to Notes Payable for $1,600. c. Credit to Cash for $4,800. d. Credit to Interest Payable for $1,600.
According to a principle-based ethical framework, social contract functions to organize and ease relations between individuals.
Answer the following statement true (T) or false (F)
________ professionals must help ensure that ethics is a top organizational priority.
Fill in the blank(s) with the appropriate word(s).
Lee's 2017 taxable income is $88,000 before considering charitable contributions. Lee is a single individual. She makes a donation of $10,000 to the American Heart Association in December 2017 . By how much did Lee's marginal tax rate decline simply because of the donation?
a. 0% b. 10% c. 3% d. 5% e. 8%