Answer:
$76,000
Explanation:
If we are going to prepare a flexible budget we need to calculate how much Seaworthy should have spent in labor costs in order to produce 2,000 units:
labor cost = 2 hours per unit x $19 per hour x 2,000 units = $76,000
If we compare the flexible budget to Seaworthy's actual costs, we will find an unfavorable variance of $250,000 (=$326,000 - $76,000). Obviously something went wrong with Seaworthy's production.
Answer:
The balance on the capital account=-$142 billion
Explanation:
The formula for determining the balance on the capital account can be expressed as;
CU+FA+CA+SD=0
where;
CU=balance on the current account
FA=balance on the financial account
CA=balance on the capital account
SD=statistical discrepancy
In our case;
balance on the current account=$346 billion
balance on the financial account=-$204 billion
balance on the capital account=unknown=c
statistical discrepancy=0
replacing;
346+(-204)+c+0=0
142+c=0
c=-142
The balance on the capital account=-$142 billion
Answer:
Current ration is a measurement that measures how many current assets are there to cover up the current liabilities. the ratio represent the firm's ability to meet the day to day, short term obligations.
it is calculated as follows,
Quick Ratio/Current asset ratio=Current Assets/Current Liabilities
a normal, health current asset ratio is 1. and it is better when the number is going up.
This gives the short term lenders (such as short term bond holders) and suppliers the ability to assess the companies ability to pay off the short term obligations in an even of bankruptcy or finanacial crisis.
Explanation:
Answer:
D. All of the answers are correct.
Explanation:
Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.
To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.
It also helps them to know which department is more productive and
It also helps to discover where the problems or difficulties exist in the production process
Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.
Answer:
Jordan
Explanation:
Given that :
JORDAN :
Principal (P) = $100
Compound interest rate (r) = 3%
AMOUNT AFTER 3 YEARS:
A = P(1 + r/n)^nt
n = number of times interest is applied per period
t = time ; A = final amount
A = 100(1 + 0.03)^3
A = 100(1.03)^3
A = 100(1.092727)
A = $109.2727
JUSTIN :
Principal = $100
SIMPLE INTEREST interest rate = 3%
A = P(1 + rt)
A = 100(1 +(0.03 * 3))
A = 100(1 + 0.09)
A = 100(1.09)
A = 1.09 * 100
A = final amount after 3 years = $109
