Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000
Answer:
$350 unfavorable
Explanation:
The computation of the overall fixed manufacturing overhead budget variance is shown below:
The overall fixed manufacturing overhead budget variance for the month = Actual fixed manufacturing overhead cost - The budgeted fixed manufacturing overhead cost
= $17,450 - $17,100
= $350 unfavorable
Since as the actual fixed manufacturing overhead cost exceeds than the budgeted fixed manufacturing overhead cost so this leads to unfavorable variance
Answer:
D
Explanation:
Conflicts of interest occur when employees have special or private interests that are substantial enough to interfere with their job duties
For example, imagine that there is an analyst who works in a firm. He comes across material non public information that the value of the shares of the company is about to plummet. This analyst has shares in the company.
A conflict of interest arises, he can either trade his shares and engage in insider trading or not trade his shares so as to protect the integrity of the capital market
the ethical step is not to trade
Answer:
D. Efficiency in arranging transactions.
Explanation:
in a barter system, it is difficult to determine how much something would cost. If I am raising corn and you are raising cabbage, how much corn equals one head of cabbage? It is difficult to come to fair trade terms. With a monetary system, it is much easier to set a price and make a trade because everyone is using a common trading instrument.
Answer:
exact actual growth rate of your purchasing power was 4.8%
Explanation:
given data
nominal rate of interest = 10%
inflation rate = 5%
solution
we get here exact actual growth rate that is express as
exact actual growth rate = ..........................1
put here value and we will get
exact actual growth rate =
exact actual growth rate = 4.8 %
so here exact actual growth rate of your purchasing power was 4.8%