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For 2013, X Company estimated production of 3,500 units of finished product and direct material cost of $23,730. Actual production in 2013 was 2,900 units of finished product, and actual direct material cost was $14,520. What was the direct materials flexible budget variance in 2013 (assume that a positive number means a favorable variance and a negative means an unfavorable variance)?
At an appropriate place on your worksheet, provide a brief written assessment (no more than 300 words) as to whether the company should purchase this alternate equipment and why.
PV of a cash flow stream A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 10 percent. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year.
Assume that on December 1, 2010, your company borrowed $14,000 a portion of which is to be repaid each year on november 30.
minor landscaping company is preparing its budget for the first quarter of 2013. the next step in the budgeting process
1. in preparing a statement of cash flows a conversion of bonds into common stock will be reported ina. the financing
when comparing various divisions within a company describe what problems can arise from evaluating divisions that have
assume that income from operations amounts to 350000 and top management has established 15 as the minimum rate of
Scruffy Murphy is the president and principal stockholder of Scruffy's Bar and Grill Inc. To expand the business, the corporation is applying for a $250,000 bank loan. To increase the chance of getting the loan, Murphy is considering two opti..
SAC is considering the purchase of new equipment to manufacture specialty spark plugs. The new equipment would allow the firm to manufacture 100,000 additional spark plugs per year and is expected to have a useful life of 5 years and to have no sa..
Pepe uses the equity method to account for its investment in Devin. What is the gain or loss on equipment reported by Devin for 2009?
During the previous year, Carrie paid $500 of estimated state income tax payments, which she also deducted for federal income tax purposes. Early in the current year.
Journalize the entry to record the following selected transactions of Oliver Co. Purchased $10,000 of Kruse Co. 8% bonds at 102 plus accrued interest of $2,000.
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