If total liabilities decreased by $55,000 during a period of time and owner's equity increased by $60,000 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is
A) $115,000 increase
B) $5,000 increase
C) $5,000 decrease
D) $115,000 decrease
B
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Muscato Corporation estimates that its variable manufacturing overhead is $18.50 per machine-hour and its fixed manufacturing overhead is $1,443,750 per period.If the denominator level of activity is 7500 machine-hours, the fixed component in the predetermined overhead rate would be:
A. $1850.00 per machine-hour B. $18.50 per machine-hour C. $192.50 per machine-hour D. $211.00 per machine-hour
Using MACRS depreciation for tax purposes and straight-line depreciation for book purposes will affect after-tax cash flows during the life of a project
Indicate whether the statement is true or false
What questions should public relations practitioners be able to answer when considering establishing a Web presence for themselves and their clients?
What will be an ideal response?
During the current year, Fairview Corporation sold 100,000 units of its product for $20 each. The variable cost per unit was $14, and Fairview's margin of safety was 40,000 units. What was the amount of Fairview's total fixed costs?
A. $840,000 B. $360,000 C. $240,000 D. $560,000