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3 years ago

8

In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds

at $1.00 per pound. The direct materials quantity variance is:

1 answer:

abruzzese [7]3 years ago

5 0

Answer:

300 A

Explanation:

(SQ - AQ) SP

(6000 - 6300)1

300 A

It means that actual quantity produced is worse than expected quantity.

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A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 10%. The

butalik [34]

Answer:

Please see attachment

Explanation:

Please see attachment

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2 years ago

Sheaves, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000.

Dominik [7]

Answer:

$21,767.50

Explanation:

<u>Computation table:</u>

<u>Particular Amount</u>

Sales $50,000

Less: Costs $23,000

<u>Less: Depreciation $2,250</u>

<u>EBIT $24,750</u>

<u>Less: Interest $2,000. </u>

<u>EBT $22,750</u>

<u>Less: Tax (23%) $5,232.50 </u>

<u>Net Income $17,517.50</u>

$24,750 + 2,250 -5,232.50

$21,767.50

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3 years ago

Jeri and Knute are members of Lighthouse Tours LLC, a limited liability company. With respect to Lighthouse Tours’s liability, a

slava [35]

Answer:

Personal liability

Explanation:

Jeri and Knute are shareholders in lighthouse tours LLC. As lighthouse tours LLC is a limited liability company, Jeri and Knute enjoy limited liability.

Legally, lighthouses LLC is independent of its shareholders. It has the right to own assets and incur liabilities. Should the company get to the dissolution stage, its assets will be used to settle its obligations. If the assets of the company are not sufficient, the shareholders' private properties cannot be used to pay the debts. Jeri and Knute will be liable only to the extent of capital contribution.

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2 years ago

An auditor discovered that a client's accounts receivable turnover is substantially lower for the current year than for the prio

Juli2301 [7.4K]

Answer:

B. There was an improper cutoff of sales at the end of the year.

Explanation:

Sales cuttoff focuses on whether sales are properly reccorded for a particular period.

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3 years ago

If a payment is directly deducted from your account, which type of card are you using?

Mekhanik [1.2K]

This is a debit card

It's a simple card where you just use it to pay with money directly from your account. If you don't have money on your account, you can't pay. There's no credits or anything similar.

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3 years ago