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4 years ago

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:

Business

1 answer:

Hitman42 [59]4 years ago

7 0

Answer:

a) Cardinal Company, department 6

Budget performance report

For the month ended march 31, 202x

Budget Actual Over Under

budget budget

Materials $208,000 $204,000 $4,000

Factory wages $265,000 $285,000 ($20,000)

Supervisory salaries $67,800 $63,600 $4,200

Depreciation P&E $35,000 $35,000 - -

Power and light $22,500 $21,360 $1,140

Insurance and $15,500 $14,400 $1,100

property taxes

Maintenance $9,700 $9,456 $244

Total $623,500 $632,816 ($9,316)

b) Factory wages were higher than budgeted by $20,000 or 7.55%, supervisory salaries were lower than budget by $4,200 or 6.19%, power and light were lower than budgeted by $1,140 or 5.07%, and insurance and property taxes were lower than budgeted by $1,100 or 7.1%

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The difference between the amount received from issuing a note payable and the amount repaid at maturity is referred to as:

ololo11 [35]

Answer: interest

Explanation:

Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.

The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.

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3 years ago

Krumbly Companyuses the FIFO methodin its process costing system. At the beginning of the month, Department D's work in process

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Answer:

C) $13,200

Explanation:

Cost from beginning inventory...................................$ 3,600

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3 years ago

Specializing in the production of a good or service in which one has a comparative advantage enables a country to do all of the

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Answer:

C. produce a combination of goods that lie outside its own production possibilities frontier

Explanation:

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Producing outside a production possibility frontier is impossible. Efficient production takes place on the production possibility frontier.

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3 years ago

Lg electronics, inc., and nineteen other foreign companies participated in the global market for cathode ray tube (crt) products

Genrish500 [490]

Answer: No. the motion should not be granted because the business was done in Washington and hence, fall under Washington's jurisdiction.

Explanation:

Here is the complete question:

LG Electronics, Inc., and nineteen other foreign companies participated in the global market for cathode ray tube (CRT) products, which were integrated as components in consumer goods, including television sets. These goods were sold for many years in high volume in the United States, including the state of Washington. Later, the state filed a suit in a Washington state court against LG and the others, alleging a conspiracy to raise prices and set production levels in the market for CRTs in violation of a state consumer protection statute. The defendants filed a motion to dismiss the suit for lack of personal jurisdiction. Should this motion be granted? Explain.

From the information that have been given in the question, we are informed that the defendants filed a motion to dismiss the suit for lack of personal jurisdiction.

The motion should not be granted because the business was done in Washington and hence, fall under Washington's jurisdiction. Therefore, the motion should not be dismissed.

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3 years ago

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3 years ago

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