Occurred on September 29, 2008
hit pre-recession high on October 9, 2007
more info in link:
https://www.thebalance.com/stock-market-crash-of-2008-3305535
Answer:
$17,688 unfavorable
Explanation:
The computation of the variable efficiency variance is shown below:
Variable efficiency variance = (Actual hours - standard hours) × standard rate
= (2,700 hours - 200 units × 6.8 hours) × $13.20
= (2,700 hours - 1,360 hours) × $13.20
= 1,340 hours × $13.20
= $17,688 unfavorable
Since the actual hours is more than the standard hours so it would leads to unfavorable variance
Answer:
D. Decrease by $700,000.
Explanation:
The computation of the effect on the total stockholder equity is as follows
Given that
Number of shares is 20,000
Per share $35 recorded at a cost
Own shares at par is $20
As we know that if we purchased our own stock so it would be called as a treasury stock and the same is to be deducted from the shareholder equity as it is a contra equity account that reduce the equity balance
Now the effect would be
= 20,000 shares × $35
= $700,000
Hence, it is decreased by $700,000
Answer:
C. Bank interest payment
Explanation:
Lynette will not compute the interests earned on his amount in his checkbook.
A banking fee will reduce the amount in the statement to the checkbook
A penalty exceeding transaction limit will also reduce the amount in the statement to the checkbook
ATM withdrawal not logged in the checkbook could also increase the check book figure and reduce the bank statement instead.
Thus the answer is C. Bank interest payment.