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3 years ago

A favorable direct materials cost variance occurs when the actual direct

1 answer:

8 0

A favorable direct materials cost variance occurs when the actual direct cost of the materials is lower than the budgeted cost of materials. Favorable direct materials cost variance would indicate<span> that there was savings with the cost for the direct materials used by the company.</span>

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Which sentence is an example of a constructive I statement?

gulaghasi [49]

<span>“I think you handled the problem in a very clever way.” is the correct sentence
</span>

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2 years ago

Read 2 more answers

Closing entries are journalized and posted:_______.

Gnoma [55]

Answer:

The correct answer is letter "B": after the financial statements are prepared.

Explanation:

A closing entry is a journal entry after the preparation of the financial statements, at the end of an accounting period. This closes a temporary account and moves all the information either to a permanent balance sheet or to the income statement. Temporary accounts include revenue, expenses, and dividends and must be closed at the end of the year.

6 0

3 years ago

Why is it important to look at external sources of information when exploring product and service information?

kolbaska11 [484]

Internal data is from within the company, like operations and sales figures. External data comes from looking at the market, such as consumer trends, and marketing research. It is important to consider external data because it gives companies a better picture of their customers and competitors.

5 0

2 years ago

Your boss leaves you a note, asking you to determine the present value of a $1,200,000 payment to be made in six years assuming

shtirl [24]

Answer:

so value of the mistake is $311685.71

Explanation:

given data

present value = $1,200,000

time = 6 year

discount rate = 18%

discount rate = 8%

to find out

What is the dollar value of the mistake

solution

we get here present value that is express as for both rate that is

present value = $\frac{FV}{(1+r)^t}$

put here value

present value = $\frac{1200000}{(1+0.18)^6}$

present value 1 = $444517.85

and

present value = $\frac{1200000}{(1+0.08)^6}$

present value 2 = $756203.55

difference is $756203.55 - $444517.85

difference is = $311685.71

so value of the mistake is $311685.71

7 0

3 years ago

Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $

Marianna [84]

Answer:

A. $38,500

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

Npv can be calculated using a financial calculator.

Cash flow in year 0 = $-190,000

Cash flow each year from 1 to 3 = $75,000

Cash flow in year 4 = $75,000 + $25,000 = $100,000

I = 15%

NPV = $38,417.21

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0

3 years ago