Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that 88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income. </span>
Answer:
$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor
Explanation:
The variable cost quantity factor is a measure of the difference between the planned and actual units multiplied by planned variable cost.
That is Variable Cost quantity factor = (planned units - actual units sold) x planned variable cost
= (14000-2400) - 14000) x $136
= (11600 - 14000) x $136
= -$326,400
Unit Cost factor = $(140 - 136) x 14000 units
=$56,000
Answer:None of the above= 10% and 33.33%
Explanation:
Coverage ratio EBIT/Interest expenses
Change in numerator =3/30*100
Change in denominator= 2/6*100
Answer:
Fifo
Explanation:
Because the stock that is bought first should be the one to be purchased first
Answer:
C)Two.
Paying employees' salaries for the current month
Receiving but not paying a current utility bill.
Explanation:
When salaries are played to employees, an entry is recorded in Salary Expense account.
In accrual accounting when utility bill is received it is recognised in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.
