SCORE is where retired experts volunteer to provide free advice to small businesses that are just getting started.
<h3>What is SCORE?</h3>
SCORE is a non-profit organization where mentors and experts in different business fields who volunteer together to help the small organizations and ventures to launch and grow their business by further expansions.
Hence, option D holds true regarding SCORE.
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Answer:
Andover's variable-overhead efficiency variance is $-42,000 Unfavourable
Explanation:
According to the given data we have the following:
Standard overhead rate=$ 5.60 per hour
Actual Hours=110,000 hours
Standard hours=47,000 units x 2.5 hours per unit
=117,500 hours
Therefore, in order to calculate the Andover's variable-overhead efficiency variance we would have to use the following formula:
Variable Overhead efficiency variance=Standard overhead rate x (Actual hours - standard hours)
=$ 5.60 x (110,000 - 117,500)
=$-42,000 Unfavourable
Answer:
It will be recorded at 13,085,320.86
Explanation:
We will calculate the present value of an annuity-due of 20 years to know the lease liability
C 1,000,000
time 20 years
rate 0.05
PV $13,085,320.8597
It will be recorded at 13,085,320.86
at year-end interest will be recognize and icnrease the liability accouny
on january first will decrease the liaiblity by the 1,000,000 payment.