Equipment with an original cost of $75,000 and accumulated depreciation of $20,000 was sold at a loss of$7,000 . As a result of this transaction, cash would
a. increase by $48,000
b. decrease by $7,000
c. increase by $55,000
d. decrease by $27,000
a
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What financial statement items are investors and creditors most interested in and why?
Which of the following statements about flexible budgeting is true?
a. A flexible budget deals with both fixed and variable overhead. b. If all the activity levels are within the relevant range, costs at each successive level should equal the previous level plus a uniform monetary increment for each variable cost factor. c. the activity levels shown on flexible budgets cover the contemplated range of activities for the upcoming period. d. All of the above statements are true.
A hand car wash facility was designed so that it could wash a maximum of 200 cars per day. In reality, the owners of the facility have discovered that an actual maximum throughput is 175 cars per day. If the car wash typically washes 120 cars per day, what is its capacity utilization (given as a percentage)?
a. 60% b. 87.5% c. 166.7% d. 68.6%
Either the manager or the employees will be happy to help you in any way ____ can
A) she B) they C) he D) ?he or she