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stepan [7]
3 years ago
7

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in Au

gust. The company’s flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,600 Revenue ($4.10q) $ 31,160 Expenses: Packing supplies ($0.40q) 3,040 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,400 $0.45q) 5,820 Shipping ($0.70q) 5,320 Utilities ($1,250) 1,250 Other ($410 $0.01q) 486 Total expense 18,916 Net operating income $ 12,244 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27,400 Expenses: Packing supplies 3,210 Oyster bed maintenance 2,860 Wages and salaries 6,230 Shipping 5,050 Utilities 1,060 Other 1,106 Total expense 19,516 Net operating income $ 7,884 Required: Calculate the company’s revenue and spending variances for August
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

B

Explanation:

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Most founders' agreements include a buyback clause, which legally obligates the departing founder to sell to the remaining found
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Answer:

Yes

Explanation:

This type of agreements are generally signed in order to protect the foundling members of a business that decide to continue working. Generally, founding members have a large participation in the business or even have certain special stocks that grant them higher voting power. In order for the remaining founders to be able to keep managing the company, they sign this type of agreements so that other external investors do not replace them.

7 0
3 years ago
Match each term with its best description A. goods and services are worth what people believe they are worth and are willing to
alekssr [168]

Answer:

1. Deontology C. is the normative ethical theory that a moral act is based on whether the act itself is right or wrong under a series of rules, and not based on the consequences of the act.

2. Utilitarianism D. the best ethical choice produces the best result for the greatest number

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4. Virtue ethics B. based on the moral character of the person rather than the act

8 0
3 years ago
Suppose that a friend asks you to drive him to the airport this weekend so that he can catch a flight. He pays you for the gas u
galina1969 [7]

Answer:

Implicit Imputed opportunity cost of time sacrifised while airport drop .

Explanation:

My friend asking me to drop at airport, & paying costs : gas used while driving, parking cost of car - has excluded certain price giving aspects.

He has included all the Explicitly quantified costs , whose payment is made to third person - like fuel & parking.

However, he has not included the implicit cost in terms of opportunity cost i.e other things sacrifised while going to drop him. Such costs payment is although not directly made to third person, but they still reflect a 'cost' as they reflect a gain sacrifised meanwhile.

In this case, it includes time sacrifised while going to drop friend at airport. That time could be used at work, which could have monetary benefits. So, this cost is eliminated to be evaluated by my friend.

4 0
3 years ago
For the year ending December 31, 2020, Splish Brothers Inc. reports net income $133,000 and cash dividends $90,000. Determine th
bixtya [17]

Answer:

Therefore retained earnings at December 31 is $273,000

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Items that increase retail earnings include:

Beginning balance

Net income

Cash dividends

Beginning balance as at January 1,2020 = $ 230,000

Net income = $ 133,000

Cash dividends = ($90,000)

Therefore, retained earnings = Beginning balance + Net income -Cash dividends

= $230,000 + $133,000 - $90,000

= $ 273,000

3 0
3 years ago
When a bank keeps $12 from a $100 deposit as legal reserves, it is using
vitfil [10]
When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".

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6 0
3 years ago
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