Which is NOT an advantage of a mutual fund?

Walton Company has provided the following 2018 data:

timurjin [86]

Answer:

Walton Company

Income Statement

Actual Budgeted Variances

Sales 510,400 $ 519,000 8,600 U

Variable product costs 183400 188,000 4,600 F

Variable selling expense 48100 46,000 2,100 U

Other variable expenses 5100 3,300 1,800 U

Contribution Margin 273,800 281,700 7,900 unfav

Fixed product costs 15460 15,700 240 F

Fixed selling expense 22920 23,400 480 F

Operating Income 235420 242,600 7,180 unfav

Other fixed expenses 1460 1,300 160 U

Interest expense 710 800 90 F

Net income 233,250 240,500 7,250 unfav

We calculate the actual amounts from the budgeted amount by adding the variances when they are unfavorable and subtracting them when they are favorable . But in case of sales this is reversed. The actual sales are calculated by subtracting unfavorable variance from budgeted sales.

The fav amounts are subtracted from the unfav amounts to get the results .

8,600 u + ( 4,600)F + 2,100 U +1,800= 7,900 unfav

3 0

3 years ago

What method is used to implement controls in the rm process?

Mariana [72]

<span>Convey a message by communication , organize, actualize, and coordinate the control's who, what, when, where, and how into Standard operating procedures, composed and verbal requests, mission briefings, and staff gauges with clear and straightforward execution requests.</span>

5 0

3 years ago

Read 2 more answers

The Equal Employment Opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission, an agency created by the

PilotLPTM [1.2K]

The equal opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission by

issuing guidelines for employer conduct.
mandating specific record keeping procedures.

<h3>What is the Equal Employment Opportunity Act?</h3>

This is the act of the government that helps to ensure that all employers treat people of the US in all befitting ways regardless of their genders, race and skin.

The act talked against discrimination, it upheld compensation and the work condition of employees.

Read more on Equal Employment Opportunity Act brainly.com/question/14774625

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4 0

2 years ago

Your friend decides that he needs to receive a retirement payment of 70,000 dollars per year from a retirement fund that is proj

damaskus [11]

Answer:

Explanation:

This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)

N; duration = 20

I/Y ; interest rate per year = 8.5%

PMT ; recurring annual payment = 70,000

FV; Future value = 0 (In solving annuities, use 0 if not given)

then CPT PV = ?

PV = 662,433.563

Therefore, your friend needs to have $662,433.56

7 0

3 years ago

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this

shtirl [24]

Answer: 19.93 minutes

Explanation:

This is the complete question

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution

The solution is attached below

3 0

3 years ago