Answer:
A.
Explanation:
surplus means create extra
Answer:
$48,000
Explanation:
The working capital is the business asset that is used for day to day operation. It can be calculated as follows,
Working capital = Current assets - Current liabilities
So,
Working capital = $396,000 - $348,000 = $48,000
It can be verified with the following equation
Fixed assets + Working Capital = Shareholder Equity + Long term Liabilities
Which is,
Fixed assets + Working Capital = $512,000 + $48,000 = $560,000
Shareholder Equity + Long term Liabilities = $298,000 + $262,000 = $560,000
Hope that helps.
Answer:
Asset allocation.
Explanation:
A basic decision that every investor must make is how to distribute his or her investable founds amongst the various asset classes available in the marketplace.
-Stocks
-Fixed income
-Cash equivalents
-Alternative assets
-Real estate
The strategic allocation is the proportion of wealth the investor decides to place in each of these asset classes. It is something also referred to as the investor´s long term normal allocation because it is presumed to be the baseline allocation that will remain in place until the investor´s life circumstances change appreciably.
You can tell that the costumer is impatient and appears to be after what they are looking for.
Answer:
The variable overhead rate variance for the month is $2,548 favorable
Explanation:
In this question, we use the formula of the variable overhead rate variance which is shown below:
= Actual level of activity × (Standard rate - Actual rate )
= 9,100 × ($7.60 - $7.32)
= 9,100 × 0.28
= $2,548 favorable
The actual rate is not given in the question, so we have to compute by using the formula which is given below:
= Actual total variable manufacturing overhead ÷ Actual level of activity
= $66,600 ÷ 9,100
= $7.32
Hence, the variable overhead rate variance for the month is $2,548 favorable
