The following static budget is provided: Per Unit TotalSales$50? $850,000? Less variable costs: Manufacturing costs 20? 340,000? Selling and administrative costs 10? 170,000? Contribution margin$20? $340,000? Less fixed costs: Manufacturing costs 75,000? Selling and administrative costs 135,000? Total fixed costs 210,000? Net income $130,000? What will be the overall volume variance if 20,000 units are produced and sold?
A. $60,000 F
B. $150,000 F
C. $60,000 U
D. $30,000 U
Answer: A
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The following information is available for Ashley Company for the month ending June 30, 2019.
* Balance as per the bank statement is $11,240. * Balance as per books is $10,200. * Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. * A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. * A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13. * A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20. * The bank statement indicated service charges of $20.
Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000 . The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31 . The bonds were issued for $690,960 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The carrying value of the bonds payable on the
December 31, 2010, balance sheet date should be (rounded to the nearest dollar) a. $696,412. b. $698,236. c. $698,382. d. $690,960.
All PMI certifications are based on ____.
A. ITIL B. ISO/IEC 20000 C. PMBOK D. CAPM
Calculate answers to the following scenarios. a. Jackson Company purchased machinery by executing a $50,000 non-interest-bearing note due in four years. Assuming the going rate for similar notes is 6 percent and using the appropriate present value
table, for how much should the machinery be recorded? b. Wendy Kwon is making bank deposits of $3,000 at the beginning of each year for three years for purposes of buying a car. Assuming an interest rate of 7 percent compounded annually, how much will she have saved for the purchase at the end of year 3? (Calculate manually and round to the nearest dollar.) c. Ashton Jones would like to make a lump-sum deposit today so that he can withdraw $15,000 at the end of each year for the next three years. Assuming a 9 percent interest rate and using the appropriate present value table, what should she invest today?