All categories

4 years ago

The manager at Jerome Mobility, Inc. reported the following information for 2017:

Business

1 answer:

den301095 [7]4 years ago

6 0

The static-budget variance for operating income for Jerome Mobility Inc for 2017 is $7,500 F

Solution & Explanation:

Static difference in net profits

= Actual result - Static budget amount

= $47,500 - $40,000

= $7,500 F

The static budget is related to the amount of development expected at the beginning of the financial year. The master budget is the static budget, since it is around a single (absolute) projected production level which is established for the time.

F implies the real expense is smaller than the estimated costs for product products.

The single-budget distinction is the difference in the single budget between the real effects and the resulting estimate.

An adverse deviation -denoted U— has the impact of decreasing operational profit relative to the expected sum as interpreted separately. For certain countries, including the UK, negative variances are often referred to as adverse variances.

You might be interested in

On small-budget films, what qualities or qualifications might a filmmaker seek in a production sound mixer?

slavikrds [6]

A filmmaker will seek a sound production mixer who has the qualities and qualifications that is responsible for ensuring that dialogue recorded during filming is suitably clear, tries to avoid unwanted noises and works around the camera which might hamper the placement of microphones. A production sound mixer who has his or her own equipment as this choice can save the filmmaker a considerable amount of money in sound equipment rental, and the mixer is likely to be skilled in using his or her own equipment.

8 0

4 years ago

Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c

exis [7]

Answer:

The weighted cost of capital for the project which is also the project discount rate is 10.12%

Explanation:

WACC=Ke*E/V+Kd*D/V*(1-t)+Kp*P/V

Ke is the cost of equity of 13.2%

Kd is the cost of debt of 8.7%

Kp is the cost of preferred stock of 9.9%

E is the market value of equity raised of $880,000

D is the market value of debt issued of $750,000

P is the amount of preferred stock sold to investors of $78,000

V is the sum of the market values above=$880,000+$750,000+$78,000=$1708000

WACC=(13.2%*880,000/1708,000)+(8.7%*750,000/1708,000*(1-0.25))+(9.9%*78,000/1708000)=10.12%

8 0

3 years ago

Provincial Inc. reported the following before-tax income statement items: Operating income $ 520,000 Loss on discontinued operat

geniusboy [140]

Answer:

$176,800

Explanation:

Operating income ×income tax rate

$520,000 × 34% = $176,800

Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.

4 0

4 years ago

Read 2 more answers

Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha

yawa3891 [41]

Answer:

Check: 5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

7 computer x 970 dollars each = 6,790

20% Discount for quantity:

6,790 x 20% (1,358)

Invoice nominal: 5,432

discount within the first 10 days:

5,432 x 3% (162.96)

final amount: 5,269.04

4 0

3 years ago

Which of the following correctly defines a product?

Alisiya [41]

Answer: Option C

Explanation: In simple words, a product refers to an entity that that could be tangible or intangible and is produced by the manufacturer for satisfying the wants of its customers.

Hence anything that is offered to the market and has the ability to satisfy the needs of specified individuals will be classified as a product.

Thus, the correct option is C.

7 0

3 years ago