On January 1, 2010, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2010. The December 31, 2012 carrying amount in the amortization table for this installment note will be equal to:
A) $0
B) $13,000
C) $14,252
D) $16,603
C
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Which of the following statements is NOT true of manufacturing company accounting?
a. Materials inventory represents the raw materials purchased by the company to use in the production of its product(s). b. Inventories are divided into three separate accounts. c. Factory overhead debits represent the overhead that has been applied to production. d. Factory overhead shows both a debit and a credit balance on the work sheet.
One’s ______ and image may be enhanced through the five strategies of feedback seeking.
A. self-perception B. temperament C. timing D. target
The Kentucky Foam Products Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,820 0 12,820 920 F 11,900 Sales Revenue $62,730 $1,270 U $64,000 $4,000 F $60,000 Variable Costs 27,600 700 U 26,900 $1,680 U 25,220 Contribution Margin $35,130 $1,970 U $37,100 $2,320 F $34,780 Fixed Costs 34,250 170 U 34,080 $0 34,080 Operating Income/(Loss) $880 $2,140 U $3,020 $2,320 F $700 Which of the following would be a correct analysis of the sales volume variance for variable costs? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs
The price sensitivity of a bond to a given change in interest rates is generally greater the longer the bond's remaining maturity.
Answer the following statement true (T) or false (F)