Answer:
The question is incomplete;The following additional information completes the question;
Supplies 31 January $1,800
Supplies Expense 31 January $1,920
Explanation:
The opening Balance of Supplies as at January 1 was;
Supplies-Closing $1,800
Supplies Purchased ($620)
Supplies Expense out $1,920
Supplies Opening January 1 $3,100
The T account is prepared in columnar form. The opening supplies balance at January 1 was $3,100
Answer:
$1,503.75
Explanation:
Sales $12,500
Operating costs $7,025
Operating income (EBIT) $5,475
WACC 9.5%
Tax rate 40%
Investor-supplied capital $18,750
EVA = EBIT(1 - T) - Investor Capital × WACC
EVA = $3,285.00 -$1,781.25
EVA = $1,503.75
Therefore the management add $1,503.75 value to stockholders' wealth during the year.
Answer:
The correct answer is option C.
Explanation:
The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound.
Anne’s income has stayed fixed at $46 per week.
Anne has been buying 4 bottles of wine and 2 pounds of cheese per week.
At the initial price she was spending
=
= $28 + $12
= $40
After the price change she has to spend
=
= $36 + $10
= $46
Since she has to spend more to consume the same level of output, we can say that Anne is worse off.
A) If you do not keep at least that much money in the account, you will be assessed fees
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= actual labor cost - (standard rate × actual hours)
= ($131,340) - ($12.75 × 6,600 hours)
= $47,190 unfavorable
b. The labor efficency variance is
= (actual hours - standard hours) × standard rate
= (6,600 - (1,600 × 16) × $12.75
= $242,250 favorable
In this way it can be calculated and the same is to be considered and relevant