Answer:
$18,000 F
Explanation:
Actual overhead– Overhead Budgeted=
Overhead Controllable Variance
Actual overhead=$194,000
Overhead Budgeted=$212,000
$194,000–$212,000
=$18,000 F
(40,000 ×$3.80) + $60,000
=$152,000+$60,000
= $212,000
Therefore the manufacturing overhead controllable variance is $18,000 F
Answer:
Variable overhead cost variance = $2,949.80
Explanation:
As per the data given in the question,
Actual overhead cost = $15,000
Actual hours = 490
Actual cost = $30.61 per hour
Standard overhead cost = $15,000
Standard hours = 610
Budgeted cost = $24.59 per hour
Variable overhead cost variance = Actual hours × (Actual cost per hour - Standard cost per hour)
= 490 × ( $30.61 - $24.59 )
= $2,949.80
The convertible stock's yearly preferred dividend should be reinstated.
<h3>What is the stock price?</h3>
A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Diluted earnings per share (EPS) is calculated by taking a company's net income, deducting any preferred dividends, and dividing the result by the weighted average number of outstanding shares plus dilutive shares (convertible preferred shares, options, warrants, and other dilutive securities).
Therefore, The stock's yearly preferred dividend should be reinstated.
Learn more about stock prices here:
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Answer:
Love Drycleaner's Assets: 81
Ernie's Bank Liability: 5
Weekly Stop Grocery Equity: 31
Ernie's Bank has the strongest financial position as it has de better debt to equity ratio
Explanation:
Accounting equation:
Assets = Liability + Equity
<u>Love Drycleaners:</u>
Assets ??? = Liab 43 + Equity 38
Assets = 43 + 38 = 81
<u>Ernie's Bank:</u>
Assets 25 = Liab ?? + Equity 20
Liab= 25 - 20 = 5
<u>Weekly Stop Grocery:</u>
A 38 = L 9 + E ??
equity = 38 - 9 = 31
THe strongest financial position will be for Ernie's Bank
As the debt to equity ratio is the lowest:
<u>Love Drycleaners: </u> 43/38 = 1.13 there is 1 dollar of debt per every dollar of quity an increase in the interst rate may cause troubles to this company.
<u>Ernie's Bank: </u> 5/20 = 0.25 There is 0.25 of debt per every dollar of equity This company is finance almost through equity so it could useleverage if needed to keep operations
<u>Weekly Stop Grocery:</u> 9/31 = 0.29 This company is also in good position as Ernie's but the question is for the strongest and that one is Ernie's Bank
Answer:
The correct answer is (B)
Explanation:
Firms and organisations try to attract the best talent by offering them fringe benefits. To compete in perfect competition, firms are usually the price takers, and it is difficult to cut cost. Lancer airline can offer its customers fringe benefits. Extra benefits and incentives will attract more customers and will ultimately help the company to gain more revenue and a competitive edge over competitors.
