Deninno Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study: Deninno CorporationTech Support DepartmentData InputsResource Data: Number of employees 18 Average salary per employee$37,800 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 75%? ?Cost ObjectActivity MeasureTotal ActivityMinutes per Unit of the ActivityRouting CallsNumber of calls routed40,37016Resolving ProblemsNumber of problems resolved21,19024Preparing Change OrdersNumber of change orders prepared50042? ?On the Capacity Analysis report in time-driven activity-based costing, the "unused capacity in minutes" would be
closest to:
A. 1,175,480 minutes
B. 627,260 minutes
C. 810,000 minutes
D. 444,520 minutes
Answer: D
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Which of the following solvency ratios is the best measure of a company's ability to pay interest and maturing principal amounts on its long-term debt?
a. Debt-to-equity ratio b. Times interest earned ratio c. Debt service coverage ratio d. Earnings per share
There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May.
Verle, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget
for the second quarter. Budgeted cash collections and payments are as follows:
A) $22,000
B) $53,400
C) $48,400
D) $43,800
Francesco's wife earns $14,250 per year. If Francesco dies, his family would require $88,200 to cover their living expenses. Some of the yearly expenses would be offset by $12,400 from stock dividends, but this is still not enough. How much insurance should Francesco have to cover the shortfall, given a 10.4% prevailing interest rate? (Round your answer to the nearest $1,000)
A. $328,000 B. $418,000 C. $592,000 D. $114,000
A decision of the Supreme Court of Washington would always be binding on:
a. a federal district court in Washington. b. a state trial court in Washington. c. the U.S. Court of Appeals for the 9th Circuit. d. All of these.