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s344n2d4d5 [400]
3 years ago
15

Riley Market, Newton Grocers, and Barlow Pantry are grocery stores. During physical inventory, Riley remains fully open, while N

ewton closed until the count is complete. Barlow falls between the others, selling only a small selection of essential items such as milk and bread during inventory. Which store will have the MOST accurate inventory?
Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer: Newton Grocers

Explanation: Newton Grocers will have the most accurate inventory because no sales was made during the time of stock taking. This will give rise to proper and accurate record taking without addition or subtractions of stock as the inventory is being done.

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The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output 1.2 Standard variable o
ruslelena [56]

Answer:

Direct labor rate variance = $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = $240,000 F

Variable overhead efficiency variance = $72,000 U

Explanation:

As per the data given in the question,

Direct labor efficiency variance = (Standard hour - Actual hour) × Standard rate

-$48,000 = (60,000 * 1.2 - 73,600) × Standard rate

Standard rate = -$48,000 ÷ -1,600

= 30

Direct labor rate variance = (Standard rate × Actual hour - Direct labor)

= (30 × 73,600 - $2,370,000)

= -$162,000

= $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = (Direct labor hour × Actual hour - actual variable overhead)

= ($45 × 73,600 -$3,072,000)

= $240,000 F

Variable overhead efficiency variance = (72,000 - 73,600) × $45

= $72,000 U

3 0
3 years ago
Suppose you wanted to start an animal-breeding business. for most of the following animals, you could start out with just a sing
Lelu [443]
Dogs, cats, horses, cattle. what animals are on the list?
4 0
3 years ago
Larry tells you that his 10-year-old cousin recently completed an intelligence test that translated raw scores into deviation iq
IrinaVladis [17]

A scored at the mean the average 12-year old

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3 years ago
Read 2 more answers
Sweet Company’s outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 10,000 sha
Diano4ka-milaya [45]

Answer: In year three the preferred stockholders would receive $7,000 and the common stockholders would receive $25,000.

Explanation: Preferred stockholders are always paid before common stockholders. Since this stock in cumulative it means that when there is not enough income in one year to pay the preferred stock then the company needs to pay them when they have the money in the future.

In this case the preferred stock is 5% of $100 par value and is cumulative. This means that every year the company needs to pay 5% times $100 par value on each stock, and there is 1,000 shares, so the total is $5,000 in preferred stock dividends.

In year one and two they did not declare enough dividends to pay this full amount. In year one they declared $2,000 and year two they declared $6,000. At the end of year two they should have received $10,000, but only received $8,000. In year three they need to pay the preferred stockholders the $2,000 that are in arrears, plus the $5,000 for year three, for a total of $7,000. Since there was $32,000 in dividends declared and $7,000 is going to the preferred stockholders, it means that there is $25,000 left for the common stockholders. $25,000/10,000 shares equals $2.50 dividend per share.

5 0
3 years ago
An agent does not like another broker and refuses to present his offers. The agent's employing broker notices he does a good job
Ivan

Answer:

Not ok and both broker and agent can be in trouble for lack of supervision

Explanation:

Based on the information provided within the question it can be said that this situation is not ok and both broker and agent can be in trouble for lack of supervision . This is because the agent and the employing broker are obligated to put the client's interests first and have no authority to withhold any offers from the client. That being said the employing broker also has the responsibility of supervising the employees and making sure that personal views do not affect the business decisions.

6 0
3 years ago
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