Answer:
Gross National Product (GNP)
Explanation:
According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".
*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.
Answer:
Direct material price variance= $2,500 favorable
Explanation:
Giving the following information:
The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2 - 2.1)*25,000
Direct material price variance= $2,500 favorable
Answer:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
Explanation:
In order to record American Eagle's declaration and payment of cash dividends for its 214 million shares first we would require to calculate the dividends as follows:
Dividends=214,000,000 shares*$0.105
Dividends=$22,470,000
Therefore, the journal entries would be the following:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
Answer:
3 1/3 years
Explanation:
Payback period is the time required for the inflows from a project to be equal to the initial outflow for the project. It is a key consideration in capital budgeting. It is usually assumed that the outlay or initial outflow is made in year 0 and the first inflow comes in after a year.
Year Cash outflow Cash inflow Balance
0 ($50,000) - ($50,000)
1 - $15,000 ($35,000)
2 - $15,000 ($20,000)
3 - $15,000 ($5,000)
4 - $15,000 $10,000
5 - $15,000 $25,000
Hence the payback period
= 3 years and 5000/15000 * 12 months
= 3 years 4 months
= 3 1/3 years
Answer:
The correct answer is letter "B": Integrated Program Management Report (IPMR).
Explanation:
The Integrated Program Management Report (<em>IPMR</em>) is a legally authorized report containing performance details extracted from the internal Earned Value Management System of the contractor. The IPMR provides an extract on the advance of the agreement including potential problems, costs, and change in schedules.
