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Elena L [17]
3 years ago
11

A variance is:

Business
1 answer:
mestny [16]3 years ago
7 0

Answer:

B. the difference between an actual amount and a budgeted or standard amount.

Explanation:

For example in the price variance for direct materials the variance will be the difference betwene the standard cost and the actual cost of the purchased units.

The labor hour variance will be the difference between the labor hours we expected based on standard and the actual hours needed to obtain the output for the period.

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On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
konstantin123 [22]

Answer: $9,009

Explanation:

To find the Effective Interest Rate, you should convert the stated interest rate into a semi-annual interest rate as that is when interest is payable.

Effective interest Rate = 10% Per annum

= 10/2

= 5%

5% is to be paid Semi-annaully.

Interest Expenses for the first 6 months is therefore,

= Issue Price * effective interest rate

= 180,181 * 5%

= $9,009

$9,009 is the amount of effective interest expense that should be recorded for the six months ended June 30, Year 1.

4 0
3 years ago
Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and w
Firlakuza [10]

Answer:

Hersey's bond = $1125.513

Mars bond = $1172.259

Explanation:

Hersey bond;

Period(t) = 10years = 40(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

Using the both present value (PV) and compound interest formula ;

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]

PV =( 753.083251562) + (372.4306236)

PV = $1125.513

Mars bond;

Period(t) = 20years = 80(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]

PV =(1033.55451663) + (138.704569467)

PV = $1172.259

5 0
3 years ago
Can some one help me this its urgent
mylen [45]

Answer: Balance sheets follow ALS

Explanation: ALS stands for Assets-Liabilities-Stock (equity).

So first, find all assets. Place them under "assets" and add/subtract as needed (most likely add). In your case it should look something like this:

ASSTES:

Cash                                 $6,414

Receivables                     $2,662

Inventory                          $3,191

Prepaid Expenses           $2,557

TOTAL CURRENT ASSETS:             $14,824

LONG TERM ASSETS:

Land                                  $16,643

Buildings                           $56,163

Equipment                         $2,750

TOTAL LONG TERM ASSETS: $75,556

TOTAL ASSETS: $90,380

Where total current assets are calculated by summing up the total short term assets and long term assets is the same but with long term assets. Finally total assets is the sum of both the long and short term assets. You then do the same for the liabilities and equity.

6 0
1 year ago
The account​ Paid-In Capital from Treasury Stock Transactions has a credit balance of​ $2,000. The corporation resells 450 share
ioda

Answer:

b. false

Explanation:

The journal entry is shown below:

Cash A/c Dr $1,350               (450 shares × $3)

Paid in capital - Treasury stock $2,000

Retained Earnings A/c Dr $1,150

              To Treasury Stock A/c $4,500            (450 shares × $10)

(Being treasury stock is sold at lower price and the remaining amount would be debited to the retained earning account)

Hence, the given statement is false

8 0
4 years ago
How might external and internal environmental factors influence the strategic plan? Highlight the basic differences between vert
alexgriva [62]

Answer:

External factors like the economy, politics, competitors, customers, and even the weather and internal factors such as staff, company culture, processes, and finances can influence an organization's Strategic Plan.

Explanation:

  • The vertical and horizontal external business environment is composed of economic, political and legal, demographic, social, competitive, global, and technological factors while the organization's culture, product development, mission and strategy are all part of the internal institutional, resource-dependent, and contingent environments.
  • Vertical and horizontal external environments are generally beyond the control of management and change constantly compared to internal institutional, resource-dependent, and contingent environments that managers have a great deal of control over.

A health leader operating in these environments can leverage on continuous study on how to adapt to the external business environment to ensure success

5 0
3 years ago
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