Given that <span>In 1981, 16 percent of wives earned more than their husbands.
It is reported that in 2005, about 26% of wives earned more than their husbands.</span>
Answer:
the spending variance is $6,904 favorable
Explanation:
The computation of the spending variance is as follows;
Budgeted Expense is
= 1,230 cars × $4.80 per car + $26,000
= $5,904 + $26,000
= $31,904
And, the actual expense is $25,000
Therefore, the spending variance is
= $31,904 - $25,00
= $6,904
Therefore, the spending variance is $6,904 favorable
Answer:
C) Both I and II
Explanation:
A partner's tax basis increases as partnership income and gain is allocated to the partner, including the partner's share of tax-exempt income like municipal bonds. The partner must also report a gain on his/her distributive share of partnership items like property, machinery, vehicles or merchandise distribution.
Answer:
Bond Price = $1294.65063 rounded off to $1294.65
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. Assuming the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1000 * 0.08 = 80
Total periods (n) = 18
r or YTM = 0.054 or 5.4%
The formula to calculate the price of the bonds today is attached.
Bond Price = 80 * [( 1 - (1+0.054)^-18) / 0.054] + 1000 / (1+0.054)^18
Bond Price = $1294.65063 rounded off to $1294.65
Answer:
$45.027 million
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as
Assets = Liabilities + Equity
The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).
Equity = $125.989 million - $77.152 million
= $48.837 million
Retained earnings = Equity - Common stock
= $48.837 million - $3.810 million
= $45.027 million
Digby Corporation's retained earnings is $45.027 million