Is a retirement savings plan<span> sponsored by an employer.</span>
Answer:
The correct answer is letter "D": None of the above.
Explanation:
<em>Even if John has no direct either indirect influence in the business it is not suitable for him to accept the gift from his friend</em>. The position John's friend has in the supplier company is unknown which implies his friend could play a managerial role, therefore, it is better to avoid any type of action that could be a signal of preference towards that company.
Besides, John works in accounting which is an administrative department of the business, thus, John should be extra careful in his actions regardless of the influence he might have in the firm.
Answer:
contract s not acceptable
Explanation:
Given data:
worth of CCTV coverage contract = $ 80,000
Coverage Cost = $ 74,000
Interest rate = 8.5%
Present value of the CCTV coverage is PV
As we can see from above calculation that present value of receivable amount is less than current cost, hence the contract is not acceptable
Answer:
[b] = $ 2500
[c] = $ 7500
[d] = Gross margin = 22500 – 15000 = $ 7500
Net Income = 7500 – 4000 = $ 3500
[e] = $ 3500
Explanation:
Here the solution is given as follows,
Answer:
The variable overhead rate variance for the month is $2,548 favorable
Explanation:
In this question, we use the formula of the variable overhead rate variance which is shown below:
= Actual level of activity × (Standard rate - Actual rate )
= 9,100 × ($7.60 - $7.32)
= 9,100 × 0.28
= $2,548 favorable
The actual rate is not given in the question, so we have to compute by using the formula which is given below:
= Actual total variable manufacturing overhead ÷ Actual level of activity
= $66,600 ÷ 9,100
= $7.32
Hence, the variable overhead rate variance for the month is $2,548 favorable
