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kumpel [21]
3 years ago
10

Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,5

00 pounds that cost $5.10 per pound to produce 2,000 units. what is the direct materials quantity variance
Business
1 answer:
Ivahew [28]3 years ago
5 0
Budgeted direct materials quantity
4000 pounds

Actual direct materials quantity
4500 pounds

Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
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State 5 advantage and 5 disadvantages of trade unions.
Nady [450]

Answer:

5 advantages/ higher wages, better benefits, your representatives, fair pay, better environment

Explanation:

5 disadvantages/ high labor cost, law suits, abritrations, and members can legally strike

3 0
3 years ago
Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following sto
algol [13]

Answer:

Find the requirement below:

1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Prepare the stockholders’ equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

First issue of shares:

Dr   Cash     $197,200

Cr Common stock                           $98,600

Cr Paid-in capital in excess of par  $98,600

Second  issue of shares:

Dr   Cash     $85,800

Cr Common stock                           $37,400

Cr Paid-in capital in excess of par  $48,400

Shareholders equity section:

Common stock ($98,600+$37,400)                $136,000

Paid in capital ($98,600+$48,400)                  $147,000

Retained earnings                                              $7,300

Total shareholders' equity                                 $290,300

Explanation:

First issue of shares:

cash proceeds 5,800*$34=$197,200.00  

split into    common stock  $17*5,800=$98,600.00  

                 paid-in capital in excess of par ($197,200-$98,600)= $98,600.00  

second  issue of shares:

cash proceeds 2,200*$39=$ 85,800.00  

split into    common stock  $17*2200=$ 37,400.00  

                 paid-in capital in excess of par ($85,800-$37,400)= $48,400.00  

4 0
3 years ago
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her cond
kumpel [21]

Answer and Explanation:

Natalie's Gross Income = $10,000

75 + 35 = 110 days

Expenses:

Insurance Expense (75/110) x 1000                 682

Advertising Expense                                        500

Mortgage Interest (75/110) x 3500                  2386

Property Taxes (75/110) x 900                         614

Repairs and Maintenance (75/110) x 650        443

Utilities    (75/110) x 950                                   648

Depreciation (75/110) x 8500                          5795

Until the depreciation expenses the total expenses accumulate to  5273. If we deduct that with the gross income total we get 4727. We can only deduct 4727 from the total portion of 5795 depreciation expense.

Therefore, for AGI deductions we take total of (5273 + 4727) = $10,000

For Natalie's personal deduction of AGI

Mortgage interest (35/110) x 3500                    1114

Property taxes (35/110) x 900                            286

Total personal deduction for AGI                    $1400

4 0
3 years ago
Barkatorium Pet Supplies established a line of credit with its local bank and used (borrowed) $95,000 against it to purchase its
malfutka [58]

Answer:

True

Explanation:

Since it is given in the question that the $95,000 amount is borrowed from the local bank against the purchase its first year's inventory and the same is to be repaid before the end of its fiscal year.

So if the payment is made within the one year the same is to be classified as  current assets and is to be reported on the balance sheet

6 0
3 years ago
A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of?
blsea [12.9K]

A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of 14.29.

<h3>What is reserve ratio?</h3>

The reserve ratio is the percentage of reservable liabilities which commercial banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.

Some key points related to reserve ratio are-

  • The reserve requirement is the minimum amount of deposits that a bank must hold, and it is sometimes used interchangeably with the reserve ratio.
  • Regulation D of the Federal Reserve Board establishes the reserve ratio.
  • Regulation D established uniform reserve requirements with all deposit accounts with transaction accounts and necessitates banks to provide the Federal Reserve with regular reports.
  • Suppose the Federal Reserve determined that the reserve ratio should be 11%. This means that if a bank has $1 billion in deposits, it must keep $110 million in reserve ($1 billion x.11 = $110 million).

To know more about reserve ratio, here

brainly.com/question/13758092

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3 0
2 years ago
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