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iris [78.8K]
3 years ago
13

Courington Detailing's cost formula for its materials and supplies is $2,420 per month plus $9 per vehicle. For the month of Aug

ust, the company planned for activity of 63 vehicles, but the actual level of activity was 33 vehicles. The actual materials and supplies for the month was $2,840.
Required:
1. The activity variance for materials and supplies in August would be closest to ______________.
Business
1 answer:
PSYCHO15rus [73]3 years ago
8 0

Answer:

$123 Unfavorable

Explanation:

Budgeted cost = $2,420 + (33 * $9) = $2,717

Actual cost = $2,840

Variance = Budgeted cost - Actual cost = $2,717 - $2,840 = $123 Unfavorable

Therefore, the activity variance for materials and supplies in August would be closest to <u>$123 Unfavorable</u>.

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The Whistling Straits Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell ne
viktelen [127]

Answer:

2,557,065 shares

Explanation:

Offer price = $30 per share

Underwriters Charge : 8%

If the company's underwriters sells new shares at the $30 per share issue price, Whistling straits corporation will receive:

offer price x (1 - underwriters charge)

= $30 × (1 - 0.08) = $27.60

The number of shares that needs to be sold will be:

\frac{amount needed + administrative expenses}{27.60}

\frac{70,000,000 + 575,000}{27.60}

= 2,557,065.217

≈ 2,557,065

Therefore number of shares to be issued will be = 2557065 shares

7 0
3 years ago
Southwestern Foods Corporation operates a packaging plant near the border between the United States and Mexico. Due to the locat
zavuch27 [327]

Answer: Option D

                           

Explanation: In the given case, southwestern has been displayed as an american organisation . Therefore, it cannot employ any non citizen who do not have proper kind of paper work done that is needed by the authorities of the country.

Hence, the geographic advantages regarding employment does not mean anything in front of the legal formalities and rules that resides in the economic area.

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3 years ago
Need Help ASAP <br> List three (3) examples of workplace documents?
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Emails Letter and Business Reports
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Portfolio investment is defined as A. the diversification of purchasing shares in many companies in one country so that risk is
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Answer:b

Explanation:

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If Second National Bank has more rate-sensitive liabilities than rate-sensitive assets, it can reduce interest-rate risk with a
Contact [7]

Answer: Pay fixed rate while receiving floating rate.

     

Explanation:

  According to the given question, If the second national bank contain more rate of liabilities as compared to the rate of asset in any organization then it basically reducing the risk of the interest rate by using the technique swapping with paying some fixed amount of rate at the time of receiving the floating rate.

The process of fixed to floating swap is one of the contractual process between any two types of companies or members so that they can swap their cash flow system.  

 Therefore, The given answer is correct.  

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3 years ago
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