Answer:
Option (a) $17,000 U
Explanation:
Data provided in the question:
Budgeted fixed manufacturing overhead = $355,740
Budgeted hours = 49,000 labor-hours
Actual fixed manufacturing overhead = $372,740
Actual hours = 45,600 labor-hours
Now,
The fixed overhead budget variance
= Budgeted fixed manufacturing overhead - Actual fixed manufacturing overhead
= $355,740 - $372,740
= - $17,000
Here negative sign mean the Unfavorable
Hence,
Option (a) $17,000 U
Answer:
1.51%
Explanation:
The computation of the common-size statement value of the interest expense is shown below:
Common size interest = Interest expense ÷ Sales × 100
where,
Interest expense is $65
And, the sales is $4,300
Now putting these values to the above formula
So, the value of the interest expense is
= $65 ÷ $4,300 × 100
= 1.51%
Hence, the common-size statement value of the interest expense is 1.51%
Answer: The investment adviser has created a conflict of interest that must be disclosed to clients who receive the recommendation
Explanation:
There is a clear conflict of interest from the investment adviser. Also, the rule of free riding (using others hard earned information) and withholding only applies to public companies whereas in this case it was a privately held company.
Answer:
Accounts Receivable 3,400
Consulting Revenue 3,400
Supplies 1,000
Accounts Payable 1,000
Cash 2,400
Accounts Receivable 2,400
Accounts Payable 1,000
Cash 1,000
Utilities expense 800
Cash 800
Explanation:
The services are earned and were only billed not collected. So the company should reocgnize the receivable
The purchase of supplies is con credit, the company will recognize a liability
When the company collects from the account, it will decrease and cash will increase
When paying the supplier, their cash decrease and the liability is write-off
The utilities expense are cost of the period, so are recognize as expense.
Answer:
The correct answer to the following question will be "$43,303.34". The further explanation is given below.
Explanation:
The given value is:
Subscription price = $23 per share
Now,
First measure Net earnings per share
=
On putting the values in the above expression, we get
=
=
Current shares on sale =
Amount of rights required =
Share price would be ex-right:
=
On putting the values in the above formula, we get
=
=
= $
As we know,
The value of a right = Selling price per share - Ex-rights stock price,
=
= $
And the proceeds from the right to sell would be:
Number of shares × Value of a right
=
= $