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Brussels Company establishes its budget for revenues based upon client visits. The budget for the current month was for 2,100 client visits, and Brussels budgets revenues of $40 per visit. The actual number of client visits for the month was 2,050 and total revenues were $82,960. What is the activity variance for revenue? What is the spending variance for the budget?
question a company has two employees. the companys net salaries for the month of january were 8000. the federal income
Advertising is the primary source of revenue for newspaper companies. Over the past 10 to 15 years, the newspaper industry has been adjusting to changes in the mix of services that produce this revenue.
Jefferson uses the percent of sales method of estimating uncollectible expenses. Based on past history, 2% of credit sales are expected to be uncollectible. Sales for the current year are $5,550,000. Which of the following is correct regarding the en..
Prepare a monthly payment schedule showing the monthly payment, the interest for the month, the reduction in debt, and the unpaid balance for the first three months.
The Act of 2010 to modernize German accounting reflects both a willingness to change as well as to retain traditional German accounting practices. Required Do you agree with the preceding statement? Explain.
Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the same manufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a byproduct. The firm uses the ne..
Acorn Corp. had total variable costs of $180,000, total fixed costs of $170,000, and total revenues of $300,000. Compute the required sales in dollars to break even.
on 1st may 2007 mosby company received an order to trade a machine to a customer in canada at a price of 2000000
You are presented with the histories of two different ethnic groups: the Navajo and the Hopi. These two groups have been locked in a legal battle over land for decades as a result of US policy making and corporate interests (Black Mesa). Take a pos..
Retiring the debt, the customers are paying for old plant, and through depreciation charges they are paying for a new plant. Is this claim correct? Describe.
Expense Recognition: Applying U.S GAAP indicate the amount of expenses the firm recognizes during the months of june, july and august in each of the following hypothetical transactions. Pays $180,000 on July 1 for the one year’s rent on a warehouse b..
Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 12 percent per year. If the bank uses daily compounding on its loans, what APR is the bank required to report (quote) to potential borrowers?
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