Answer:
390 F
Explanation:
Spending variance is defined as the difference between the actual expenses and planned expenses. It is favorable when the actual expenses is less than planned and vice versa.
Operating cost $3000
Maintenance per snow day - $330
Budgeted snow day - 24
Actual snow day - 26
Actual operating cost - $11,190
Variance
((330*26)+3000 =11580
Actual operating cost = 11,190
Variance = 11580-11190= 390 F
Answer:
Only 35% of the dividend arising from September to December, 2014 would be recognized as revenue in the income statement.
Explanation:
The remainder of the income is not relevant as it was accounted for under the market value method because the share holding was below the associate shareholding. Under the market value method, gain and losses on the increase and decrease of market value of investment are recognized in the comprehensive income statement.
The equity method says that the income from the investment is only recognized if the shareholding is above the shareholding requirement of associate. So from the month the investment was considered as an associate investment which is September, 2014 and onwards, the firm must recognize dividends received from this date as an income in its financial statement.
Answer:
a bonus to Niki for financial maneuvers.
Explanation:
Answer:
11,538 units
Explanation:
Given that:
Fixed assets = $150,000
Variable cost = $2
Sales price = $15
Break even point = Fixed cost ÷ Contribution margin
Contribution margin = Sales per unit - Variable cost per unit = $15 - $2 = $13
Break even point (Sales) = $150,000 ÷ $13 = 11,538 units
Therefore, 11,538 widgets must be sold to break even.
Answer:
$900,000
Explanation:
The estimated litigation expense of $3,000,000 will be multiplied by the income tax rate for all the years which is 30%.
Hence,
($3,000,000 × 30%) = $900,000
Therefore the deferred tax liability to be recognized is:
$900,000
