which of the following is not one of the six functional areas of business that sits on a foundation of business law?

What is company culture? what role does it play a small company's success? what threats does rapid growth pose for a company's c

attashe74 [19]

The way a company goes about their business and their mission statement has a lot do with how company culture is set up.In basic terms it is the way things are done

4 0

3 years ago

he St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% normal production capacity. Production w

OLga [1]

Answer:

$9000 (unfavorable).

Explanation:

Given: Budgeted fixed overhead= $360000.

Actual fixed overhead=$ 360000.

Actual production= 11,700 units.

The variable overhead rate was $3 per hour.

The standard hours for production were 5 hours per unit.

The fixed factory overhead volume variance is difference between actual production volume and budgeted production. It help in measuring the effecient use of fixed resources. It is termed as favourable if actual fixed overhead exceed the budgeted amount, however, it is unfavorable if the actual fixed overhead is less than budgeted amount.

Now, lets calculate the Actual fixed overhead cost.

Actual fixed overhead cost= $\textrm{actual fixed overhead}\times \frac{Actual\ production}{Budgeted\ production}$

∴ Actual fixed overhead cost= $\$ 360000\times \frac{11700}{12000} = \$ 351000.$

Actual fixed overhead cost= $351000.

Next calculating the fixed factory overhead volume variance.

The fixed factory overhead volume variance= $\textrm{Actual fixed overhead cost}-\textrm{budgeted fixed overhead}$

We know, Budgeted fixed overhead= $360000 and Actual fixed overhead cost= $351000

∴ The fixed factory overhead volume variance= $\$351000-\$360000= \$ 9000 (unfavorable)$

The fixed factory overhead volume variance= $9000 (unfavorable)

6 0

3 years ago

Once I click the link to go the quiz I have one hour to complete it before I get kicked out of the page. It is due tonight befor

Ratling [72]

That kinda sucks. how’s it going for you

3 0

3 years ago

What is the price of a share of common stock that has an expected dividend of $3.00, a tax rate of 30%, a required return of 15%

Semmy [17]

Answer:

Current price of the share common stock will be $30

So option (c) will be correct answer

Explanation:

We have given expected dividend $D_1=$3$

Required rate of return = 15 % = 0.15

Tax rate = 30 %

Growth rate = 5 %

Beta = 2

We have to find the price of the share

Price of the share is given by $p_0=\frac{D_1}{R_E-g}=\frac{3}{0.15-0.05}=$30$

So current price of the share stock will be equal to $30

So option (C) will be correct answer

3 0

3 years ago

This partnership is being liquidated. hendrick and mitchum are each entitled to 40 percent of all profits and losses with the re

Lesechka [4]

<span>Three people share the profit and losses as follows.Total ratio is 100. Hendrick and Mitch each get 2/5 of the profit or suffer 2/5 of the loss i. e (40/100) as well while redding gets 1/5 i. e (20/100). Redding can contribute no more than one-fifth of the liqudated capital. The$20, 000 in excess liability will be distributed in proportion to their ratios. 2/5 * 20, 000 = $8, 000 each for Hendrick and Mitcherum while redding gets 1/5 * 20, 000 = $4000. If the non cash assest is sold Hendrick would receive 2/5 * 50, 000 = 100000/5 = $20, 000. The minmum hendrick would receive would be $20, 000 + $8, 000 = $28, 000</span>

8 0

4 years ago