Washington Inc has an unfavorable fixed overhead spending variance. Which of the following would be the most likely reason for this variance?
A) More units were actually produced than predicted.
B) Fewer units were actually produced than predicted.
C) Actual fixed overhead was more than predicted.
D) Actual fixed overhead was less than predicted.
C
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EDI is the inter-company exchange of computer processible business information in standard format
Indicate whether the statement is true or false
On January 1, Year 1, Friedman Company purchased a truck that cost $53,000. The truck had an expected useful life of 8 years and an $9000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 1? (Do not round intermediate calculations.)
A. $42,000 B. $30,750 C. $39,750 D. $33,000
Which of the following statements is CORRECT?
A. A good goal for a firm's management is the maximization of expected EPS. B. Most business in the U.S. is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment. C. Conflicts can exist between stockholders and managers, but potential conflicts are reduced by the possibility of hostile takeovers. D. Corporations and partnerships have an advantage over proprietorships because a proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. E. For a stock to be in equilibrium, its intrinsic value must be greater than the actual market price.
Legal capital can be thought of as the original contributions of the owners consisting of
A) retained earnings paid by the shareholders. B) par value plus paid-in-capital in excess of par value paid by the shareholders. C) par value plus retained earnings paid by the shareholders. D) par value paid by the shareholders.