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lidiya [134]
3 years ago
15

Dermody Snow Removal's cost formula for its vehicle operating cost is $2,990 per month plus $329 per snow-day. For the month of

December, the company planned for activity of 23 snow-days, but the actual level of activity was 21 snow-days. The actual vehicle operating cost for the month was $10,860. The spending variance for vehicle operating cost in December would be closest to:
Business
1 answer:
VARVARA [1.3K]3 years ago
8 0

Answer:

-$303 Unfavorable

Explanation:

The computation of spending variance is shown below:-

Spending variance = Flexible budget - Actual cost

= (23 × $329 + $2,990) - $10,860

= $7,567 + $2,990 - $10,860

= $10,557 - $10,860

= -$303 Unfavorable

Therefore for computing the spending variance we simply subtracted the actual cost from flexible budget.

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When a tariff is imposed on a​ foreign-produced product, domestic producers receive a​ ________ price and domestic consumers pay
Fittoniya [83]

Answer: decreased , lesser .

Explanation:

Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers . Governments may impose tariffs to raise revenue or to protect domestic industrie especially from foreign competition.

7 0
3 years ago
On January​ 2, 2019, Kaiman Corporation acquired equipment for $ 700,000. The estimated life of the equipment is 5 years or 50,0
Aneli [31]

Answer:

Accumulated depreciation= $276,000

Explanation:

Giving the following information:

On January​ 2, 2019, Kaiman Corporation acquired equipment for $ 700,000. The estimated life of the equipment is 5 years. The estimated residual value is $ 10,000.

Depreciable value= 700,000 - 10,000= 690,000

Straight-line depreciation= 690,000/5= $138,000

Accumulated depreciation= 138,000*2= $276,000

5 0
3 years ago
Maria Mendez is division controller and James Dalton is division manager of the Hestor Shoe Company. Mendez has line responsibil
myrzilka [38]

A) Mendez's ethical responsibilities are,

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

1)

Integrity

Cometence

Credibility

IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

2)

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

8 0
3 years ago
As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corpor
Alekssandra [29.7K]

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.

<h3>What shareholder means?</h3>
  • Any individual, business, or organization that has stock in a corporation is a shareholder.
  • A shareholder of a firm may own just one share. As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.

<h3>What is shareholder and example?</h3>
  • The definition of a shareholder is a person who owns shares in a company.
  • Someone who owns stock in Apple is an example of a shareholder noun.
  • A person who owns one or more shares of stock in a joint-stock company or a corporation.

<h3>What is the purpose of a shareholder?</h3>
  • The shareholders are the company's owners and give financial support in exchange for prospective dividends paid out over the course of the business.
  • There are three ways for an individual or business to become a shareholder in a company by adhering to the company's memorandum at the time of incorporation.

Learn more about shareholders here:

brainly.com/question/25847981

#SPJ4

5 0
1 year ago
When evaluating a balance sheet, the two primary questions are ________?
Brilliant_brown [7]

In terms of evaluating balance sheet, the two primary questions that are being formulated are the following;

-          The assets are financially secure or stable

-          The firm has assets that are sufficient and are short term in means of having debts that are only short and temporary.

4 0
3 years ago
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