If a company's media budget numbers are 85-10-5 and uses an external ad agency, this means the company:
A) is spending too much money on creative work
B) should continue using an external advertising agency
C) should discontinue using an external agency and perform the work in-house
D) is spending too much money on media buys
B
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Which of the following statements regarding the statement of cash flows is true?
a. The statement of cash flows analyzes the changes in consecutive balance sheets in conjunction with the income statement. b. The statement of cash flows is organized as cash inflows less cash outflows. c. The statement of cash flows analyzes only the changes in current assets and current liabilities. d. The statement of cash flows is an optional financial statement.
List three important guidelines for cell phone usage.
What will be an ideal response?
Brink Financial Advisors provides accounting and finance assistance to customers in the retail business. Brink has four professionals on staff, plus an office with six clerical staff. Total compensation, including benefits, for the professional staff runs up to $800,000 per year, and normal billable hours are about 3300 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $270,000. Brink allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Brink's professionals spent 42 hours on their client, Waseca Sales. Brink adds a 30% markup on its costs to calculate the amount billed to the customer. H
A) $13,618.08 B) $3054.492 C) $3436 D) $4085
During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Cisco purchased were 19,500 pounds. Calculate Cisco's materials usage variance
A) $10,500 U B) $12,000 F C) $12,000 U D) $10,500 F