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SITO Elevator Company manufactures small hydroelectric elevators with a maximum capacity of ten passengers. One of the direct materials used is heavy-duty carpeting for the floor of the elevator. The direct materials quantity standard for April was 8 square yards per elevator. During April, the purchasing agent purchased this carpeting at $11 per square yard; the standard price for the period was $12. Ninety elevators were completed and sold during the month; the Production Department used an average of 8.5 square yards of carpet per elevator. Calculate the company's direct materials price and quantity variances for carpeting for April and state whether it is favorable, unfavorable, or has no effect.
Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor.
ray seo has 5000 to invest in a small business venture. his partner has promised to pay him back 8200 in five years.
Assume you have $3,000 in your bank account today and you decide to transfer the money into a special educational deposit, which has been newly introduced by the bank.
Karen Company had 105,000 shares of common stock outstanding on January 1, 2011. On August 30, 2011, Karen sold 50,000 shares of common stock for cash. Karen also had 11,000 shares of convertible preferred stock outstanding throughout 2011.
The company has a December 31 year-end. Prepare the adjusting entry at March 31, 2011, to record subscription revenue earned in the first quarter of 2011.
You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wa..
a sample of 45 overweight men participated in an exercise program. at the conclusion of the program 32 had lost weight.
At 6% interest what is the present value of the machine's profits
The partnership paid gauranteed payments to Simone of $1000 and $2000 per month during the fiscal years ended September 30, 2010 and 2011. How much will Simone's adjusted gross income be increased by these partnerhip items for her tax year ended D..
Parent Company purchased 100% of Son Inc. on January 1, 20X2 for $420,000. Son reported earnings of $82,000 and declared dividends of $4,000 during 20X2.
Assignment: Cost Benefit Analysis prepare a 5-page cost/benefit analysis of the Sarbanes-Oxley Act.
Quayle Corporation's inventory cost on its balance sheet was lower using first-in, first-out than it would have been using last-in, first-out. Assuming no beginning inventory, in what direction did the cost of purchases move during the period?
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