You are the regional sales manager for Standard Publishing Co. The company is preparing adjusting entries for the year ended March 31, 2021. On September 1, 2020, customers in your region paid $180,000 cash for three-year magazine subscriptions beginning on that date. The magazines are published and mailed to customers monthly. These were the only subscription sales in your region during the year. What amount should be reported on the income statement for subscription revenue for the year ended March 31, 2021

Answers

Answer 1

Answer:

Standard Publishing Co.

The amount of subscription revenue that should be reported on the income statement for the year ended March 31, 2021 is:

= $35,000.

Explanation:

a) Data and Calculations:

September 1, 2020 Cash receipt for magazine subscriptions for three years = $180,000

This subscriptions is equal to 36 months subscription.

The amount of subscription revenue to report for the year ended March 31, 2021 = $35,000 ($180,000 * 7/36).

From the above calculation, a month's subscription revenue = $5,000 ($180,000/36)

Therefore, seven months' subscription from September 1, 2020 to March 31, 2020 = $35,000 ($5,000 * 7).

The unearned subscription revenue is debited with $35,000, while earned subscription revenue is credited with the same amount.


Related Questions

Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $20, variable manufacturing overhead $16, fixed manufacturing overhead $42, variable selling and administrative expenses $18, and fixed selling and administrative expenses $24. Its desired ROI per unit is $27.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.)

Answers

Answer:

111%

Explanation:

Computation to determine its markup percentage using a total-cost approach

First step

Variable cost per unit= Direct materials+Direct labor+Variable manufacturing overhead+Variable selling and administrative expenses

Variable cost per unit= $30+20+16+18

Variable cost per unit= $84

Second step

Fixed cost per unit= Fixed manufacturing overhead+Fixed selling and administrative expenses

Fixed cost per unit= $42+24

Fixed cost per unit= $66

Now let determine the Variable costing markup percentage

Variable costing markup percentage= (Desired ROI+Fixed cost per unit)*100/Variable cost per unit

Variable costing markup percentage= ($27+66)*100/84

Variable costing markup percentage=110.7 %

Variable costing markup percentage=111% (Approximately)

Therefore its markup percentage using a total-cost approach is 111%

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $300,000, variable expenses of $152,100, and traceable fixed expenses of $70,300. The Alpha Division has sales of $610,000, variable expenses of $335,800, and traceable fixed expenses of $131,900. The total amount of common fixed expenses not traceable to the individual divisions is $133,200. What is the company's net operating income

Answers

Answer: $86700

Explanation:

The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.

Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.

Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as direct and indirect materials in production?
a. Debit Work in Process, debit Manufacturing Overhead, and credit Raw Materials.
b. Debit Work in Process and credit Raw Materials.
c. Debit Manufacturing Overhead and credit Raw Materials.
d. Debit Work in Process, debit Manufacturing Overhead, and credit Direct Materials.

Answers

D. Debit work in process debit manufacturing overhead …..

Debit Work in Process, debit Manufacturing Overhead, and credit Direct Materials best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as direct and indirect materials in production. Thus option d is the correct option

What is a journal entry?

A Journal entry can be defined as an accounting record in which the transaction is being made. Every transaction has two reactions, and all of these are accounted for with the help of a journal entry. About which a person can make a journal and a ledger, a balance sheet, and a profit and loss account.

Debit work in progress or any time of credit material describes the journal entry as the raw material is a part of inventory either taken with the help of debit or credit that is paid in cash, or sometimes it is through check or Bank. Therefore option d is the correct option

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R&D Technology Corporation just paid a dividend of $0.50 per share. Analysts expect its dividend to grow at 24 percent per year for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 16 percent, calculate the current value of the stock.

Answers

Answer:

$8.82

Explanation:

The computation of the current value of the stock is given below:

Given that

The dividend per share is $0.50

The growth rate is 24% for the next two years

And, then it should be 8 % per year

And, the required rate of return is 16%

Now based on the above information, the current value of the stock is $8.82

The calculation is to be shown in the attachment

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $31,000 in cash and giving a short-term note for $278,000. Legal fees paid were $2,220, delinquent taxes assumed were $15,700, and fees paid to remove an old building from the land were $20,800. Materials salvaged from the demolition of the building were sold for $4,600. A contractor was paid $939,400 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.

Answers

Answer:

the cost of the land that should be reported on the balance sheet is $343,120

Explanation:

The calculation of the cost of the land that should be reported on the balance sheet is given below:

= cash payment + Short term note payable + legal fees paid + delinquent taxes + fees paid for removing out the old building - salvage value

= $31,000 + $278,000 + $2,220 + $15,700 + $20,800 - $4,600

= $343,120

hence, the cost of the land that should be reported on the balance sheet is $343,120

Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 9% semiannually. Fair value of the computers at January 1, 2021: $23 million. What is the interest revenue that Technoid would report for this lease in its 2021 income statement

Answers

Answer:

$3,411,922.19

Explanation:

Calculation to determine the interest revenue that Technoid would report for this lease in its 2021 income statement

First step is calculate interest for the first six months

Interest for the first six months=[$23,000,000-lease payment of 3,287,947) × 9%]

Interest for the first six months=$19,712,053×9%

Interest for the first six months=$1,774,084.77

Interest for the first six months=$1,774,085 (Approximately)

Second step is to calculate the interest for the second six months

Interest for the second six months=[$23,000,000 - lease payment of 3,287,947 - ($3,287,947 - $1,774,085)] × 9%

Interest for the second six months=($19,712,053-$1,513,862)×9%

Interest for the second six months=$18,198,191×9%

Interest for the second six months=$1,637,837.19

Now let determie the interest revenue using this formula

Interest revenue=Interest for the first six months+Interest for the second six months

Let plug in the formula

Interest revenue=$1,774,085+$1,637,837.19

Interest revenue=$3,411,922.19

Therefore the interest revenue that Technoid would report for this lease in its 2021 income statement is $3,411,922.19.

Portman company operating at full capacity sold 1000000 units at a price of $188 per unit during the current year , it’s income statement is as follows

Answers

Answer:

Portman Company

1. The total variable costs and the total fixed costs for the current year are:

Total variable costs $88,000,000

Total fixed costs      $40,000,000

2. Determination of (a) the unit variable cost and (b) the unit contribution margin for the current year.

a) Unit variable cost               $88

b) Unit contribution margin   $100

3. The break-even sales (units) for the current year are:

= 400,000 units.

4. The break-even sales (units) under the proposed program for the following year are:

= 450,000 units.

5. The amount of sales (units) that would be necessary under the proposed program to realize the $60,000,000 of operating income that was earned in the current year is:

= 1,050,000,000 units.

6. The maximum operating income possible with the expanded plant is:

= $61,000,000.

7. If the proposal is accepted and sales remain at the current level, the operating income or loss be for the following year will be:

= $55,000,000.

8. Based on the data given (1 - 6), would you recommend accepting the proposal?

 

In favor of the proposal because of the possibility of increasing income from operations.

Explanation:

a) Data and Calculations:

Sales units = 1,000,000

Selling price = $188

                                                   Total

Sales                   $188,000,000

Cost of goods sold          (100,000,000)

Variable cost of goods sold = $70,000,000

Fixed cost of goods sold =      $30,000,000

Gross profit                      $88,000,000

Expenses:    

Selling expenses             $16,000,000

Variable selling expenses $12,000,000

Fixed selling expense = $4,000,000  

Administrative expenses  12,000,000

Variable administrative expenses = $6,000,000

Fixed administrative expenses = $6,000,000  

Total expenses               (28,000,000)

Operating income         $60,000,000

The division of costs between variable and fixed is as follows:

                     Variable      Fixed

Cost of goods sold          70% 30%  

Selling expenses                 75%         25%  

Administrative expenses 50%         50%  

                                                           Total           Unit Cost

Variable cost of goods sold =     $70,000,000      $70

Variable selling expenses             12,000,000         12

Variable administrative expenses 6,000,000          6

Total variable costs =                 $88,000,000      $88

Contribution margin = $100 ($188 - $88)

Fixed cost of goods sold =       $30,000,000

Fixed selling expense =                4,000,000  

Fixed administrative expenses = 6,000,000

Total fixed costs =                    $40,000,000

Break-even sales units = $40,000,000/$100 = 400,000 units

Proposal:

Sales revenue increase = $11,280,000

Fixed costs by $5,000,000 to $45,000,000 ($40 million + $5 million)

Sales units increase = 60,000 ($11,280,000/$188)

Break-even sales units = 450,000 ($45,000,000/$100)

Units to realize target profit of $60,000,000:

= ($45,000,000 + $60,000,000)/$100

= $105,000,000/$100

= 1,050,000,000 units

Profit with the expanded plan

= Total contribution - Fixed Costs

= $100 * 1,060,000 - $45,000,000

= $106,000,000 - $45,000,000

= $61,000,000

With sales at current level of 1,000,000 units

Sales revenue =      $188,000,000

Variable costs            88,000,000

Contribution           $100,000,000

Fixed costs                45,000,000

Operating income  $55,000,000

Ice Co stock has a beta of 1.85, the current risk-free rate is 5.10 percent, and the expected return on the market is 15.10 percent. What is Ice Co's cost of equity

Answers

Answer:

23.60%

Explanation:

According to the capital asset price model:

cost of equity = risk free + beta x (market rate of return - risk free rate of return)

5.10 + 1.85 x (15.10 - 5.10)

= 5.10 + (1.85 x 10)

=23.60%

At the end of the first year of operations, 6,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:
Direct materials $75
Direct labor 35
Fixed factory overhead 15
Variable factory overhead 12
Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

The unit manufacturing costs during the year were as follows:

Direct materials $75

Direct labor 35

Fixed factory overhead 15

Variable factory overhead 12

Number of units= 6,400

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Absorption method:

Unit product cost= direct material + direct labor + total unitary overhead

Unit product cost= 75 + 35 + 15 + 12

Unit product cost= $137

Total ending inventory cost= 137*6,400

Total ending inventory cost= $876,800

Variable costing method:

Unit product cost= direct material + direct labor + variable overhead

Unit product cost= 75 + 35 + 12

Unit product cost= $122

Total ending inventory cost= 122*6,400

Total ending inventory cost= $780,800

How does the devaluation and appreciation of the local currency effect to balance of payment, analyze for each component

Answers

Answer: Balance of payment will worsen due to devaluation.

Explanation: The balance of payments refers to the balance of supply and demand for a country's currency in the foreign exchange market. Devaluation will make local currency weaker and foreign currency stronger.  Therefore less demand for local currency in the foreign market. The imports will become expensive, more amount of local currency will be paid as it is weaker. The exports will become cheaper, more amount of local currency will be received as foreign currency is stronger than it.

Vise Versa for appreciation.


What is a market that runs most efficiently when one large firm supplies all of the output referred to as?
a government monopoly
a natural monopoly
a franchise
market power
(Gradpoint)

Answers

Answer:

a natural monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.

Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.

During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed costs amounted to $729,000 and pretax income was $999,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question

Answers

Answer:

$2,889,000

Explanation:

Sales units = 270,000 units

Sale Price = $17.10

Fixed cost = $729,000

Sales Value = 270,000 * $17.10

Sales Value = $4,617,000

Contribution Margin = Sales- Fixed cost

Contribution Margin = $4,617,000 - $729,000

Contribution Margin = $3,888,000

Variable Cost = Contribution margin- Pretax income

Variable Cost = $3,888,000 - $999,000

Variable Cost = $2,889,000

So, $2,889,000 is the amount that should have been reported as variable costs in the company's contribution margin income statement for the year in question.

Its investment bankers have told Donner Corporation that it can issue a 25-year, 8.1% annual payment bond at par. They also stated that the company can sell an issue of annual payment preferred stock to corporate investors who are in the 40% tax bracket. The corporate investors require an after-tax return on the preferred that exceeds their after-tax return on the bonds by 1.0%, which would represent an after-tax risk premium. What coupon rate must be set on the preferred in order to issue it at par? (hint: a portion of dividends are tax-exempt for corporate investors).

Answers

The coupon rate must be set at 9.77%

The after-tax return on the bonds is:

= Annual payment rate * ( 1 - tax rate)

= 8.1% * ( 1 - 40%)

= 4.86%

The investors would like an after-tax return on preferred stock that is more than their bond return by 1% so they would like a preferred return of:

= 4.86% + 1%

= 5.86%

If the Preferred must be issued at par, its coupon rate must be equal its before-tax yield:

= After tax yield / ( 1 - tax rate)

= 5.86% / ( 1 - 40%)

= 9.77%

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Answer:

9.77 is the correct answer

i think this helps u

You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 35 years. The annual coupon rate is 20.0% and the coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 17.0%, what is the value of the bonds to you

Answers

Answer:

Bond Price​= $121.27

Explanation:

Giving the following information:

Face value= $1,000

Coupon= 0.2*1,000= $20

Maturity= 35 years

Discount rate= 17%

To calculate the price of the bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 20*{[1 - (1.17^-35)] / 0.17} + [1,000/(1.17^35)]

Bond Price​= 117.16 + 4.11

Bond Price​= $121.27

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $308,000 and in Allowance for Uncollectible Accounts of $910 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $13,230. $12,320. $11,410. $11,911.

Answers

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Allocative efficiency occurs:

a. Anywhere inside or on the production possibilities frontier.
b. When the total cost of production is minimized
c. At all points on the production possibilities frontier.
d. At only one point on the production possibilities frontier.
e. At the points where the production possibilities frontier crosses the horizontal or vertical axis.

Answers

Answer:

a. Anywhere inside or on the production possibilities frontier.

Explanation:

In an economy, the allocative efficiency may be defined as the economic state where the production of various goods or services is aligned with the preferences with the consumers.  

The allocative efficiency always materializes at the intersection of the supply curves and the demand curves.

On the [tex]\text{equilibrium point,}[/tex] the price for a supply [tex]\text{exactly matches}[/tex] with the demand for the product [tex]\text{for that supply}[/tex] at that price, and thus all the products are sold.

It occurs anywhere on the production possibilities frontier or on the inside of the frontier.

Therefore, the correct option is (a).

The Management of XYZ Company Limited uses value chain analysis, supply chain management, inventory b)Identify and explain the type of school of management approach being used in the company.(5marks) management, quality control, queuing theory, linear programming and network models approaches in management of the company. The company relies on scientific applications of mathematical techniques to c)Discuss in four (5) ways, how contingency School of Management is different from the type of school manage problems. a)Briefly explain the typesof management theoriesapplicable in XYZ company Limited. (5marks) of management identified in (ii) above.​

Answers

a) The school of management that the Management of XYZ Company Limited is applying is called Mathematical or Quantitative School of Management.

The Mathematical or Quantitative School of Management:

Expresses management problems in equations, mathematical symbols, and quantitative models  Encourages wide application of computer technology, simulations, and analytics Introduces precision to management thinking and practice

b) The Contingency School, unlike the Mathematical  School of Management:

Recognizes that not all management processes can be expressed with mathematical symbols and formulas.Identifies that mathematical models cannot replace sound judgment, which requires intuition and not equation.States that there is no single technique to solving management problems. Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box. Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.  

Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.

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Cameron is single and has taxable income of $58,046.

Required:
Determine his tax liability using the Tax Tables and using the Tax Rate Schedules.

Answers

Answer:

Cameron

Cameron's tax liability for the year as a single taxpayer is

= $12,770.12.

Explanation:

a) Data and Calculations:

Taxable income = $58,046

Tax rate = 22%

Tax liability = $12,770.12 ($58,046 * 22%)

b) The amount of tax that Cameron, who is within the 22% tax rate bracket, will pay to the IRS is $12,770.12.  The tax liability represents the amount of tax that is due to be paid for his taxable income of $58,046 at the tax rate of 22%.

When comparing the results of using the direct, sequential, and reciprocal services methods of allocating support department costs to production departments, which of the following statements is true for a manufacturing company that has a total of $1,500,000 in support costs to allocate?
a.The reciprocal services method allocates more than $1,500,000 to the production departments.
b.The reciprocal services method can be viewed as a compromise on accuracy and difficulty in allocating the $1,500,000 because it considers some, though not all, inter-support-department services and is easier to compute than the direct method.
c.The direct method yields the most accurate allocation of the $1,500,000.
d.The sequential method can be viewed as a compromise on accuracy and difficulty in allocating the $1,500,000 because it considers some, though not all, inter-support-department services and is easier to compute than the reciprocal services method.

Answers

Answer: d. The sequential method can be viewed as a compromise on accuracy and difficulty in allocating the $1,500,000 because it considers some, though not all, inter-support-department services and is easier to compute than the reciprocal services method

Explanation:

For a a manufacturing company that has a total of $1,500,000 in support costs to allocate, it should be noted that the sequential method can be viewed as a compromise on accuracy and difficulty in allocating the $1,500,000 because it considers some, though not all, inter-support-department services and is easier to compute than the reciprocal services method

Historical demand for a product is: DEMAND January 13 February 12 March 16 April 13 May 17 June 16 a. Using a weighted moving average with weights of 0.50 (June), 0.30 (May), and 0.20 (April), find the July forecast

Answers

Answer: 15.7 units

Explanation:

July forecast = (Weight of June * Demand in June) + (Weight of May * Demand in May) + (Weight of April * Demand in April)

= (0.5 * 16) + (0.3 * 17) + (0.2 * 13)

= 8 + 5.1 + 2.6

= 15.7 units

Which section under Dispute Resolution in a CAR Buyer Representation Agreement states that a buyer and broker agree to mediate any dispute or claim arising before using court action or arbitration?

Answers

The answer to the question is Section 22A of Residential Purchase Agreement.

Dispute Resolution refers to the process by which the conflicts that takes place between two or more parties can be resolved.

Dispute Resolution can be done through negotiation, mediation, arbitration, e.t.c. C.A.R.

It should be noted that the buyer Representation Agreement refers to the document that indicates the terms and the conditions of an agreement that takes place between a buyer and the broker.

Lastly, the section that states that a buyer and broker agree to mediate any dispute or claim arising before using court action or arbitration is Section 22A of the Residential Purchase Agreement under the C.A.R. Buyer Representation Agreement.

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The total factory overhead for Norton Company is budgeted for the year at $300,000, divided into three activities: assembly, $200,000; setup, $50,000; and materials handling, $150,000. Norton manufactures two products: Product A and Product B. The activity-based usage quantities for each product by each activity are estimated as follows:
Assembly Setup Materials Handling
Product A 5,000 dlh 60,setups 25 moves
Product B 15,000 dlh 110 setups 250 moves
Total activity- 20,000 dlh 170setups 275 moves
base usage
Determine the activity rate for the set up activity.
a. $166 per setup
b. $294 per setup
c. $1,764 per setup
d. $118 per setup

Answers

Answer:

b. $294 per setup

Explanation:

The computation of the activity rate for the setup activity is given below:

Activity Rate is

= Total Activity Cost ÷ Cost Driver

Activity Rate for Setup Activity is

= $50,000 ÷ 170

= $294 per Setup

hence, the activity rate for the setup activity is $294

Therefore the option b is correct

When marginal revenue equals marginal cost, the firm a. should increase the level of production to maximize its profit. b. may be minimizing its losses rather than maximizing its profit. c. must be generating positive economic profits. d. must be generating positive accounting profits.

Answers

When marginal revenue is equal to the marginal cost, then the firm should increase the level of production to maximize its profit.

Marginal revenue simply means the increase in revenue that a company makes as a result of selling an additional output of good. Marginal cost is the cost that a company incurs for production of one extra unit of good.

It should be noted that when the marginal cost if a firm is more than the marginal revenue, it means that the firm is producing too much.

When the marginal revenue of the firm equals the marginal cost, then the firm should maximize its profit.

The correct option is A.

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he next dividend payment by Savitz, Inc., will be $5.05 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $43 per share, what is the required return

Answers

Answer:

16.74%

Explanation:

Current Price = Expected Dividend / (Required Return - Growth Rate)

Required Return = (Expected Dividend / Current Price) + Growth rate

Required Return = ($5.05 / $43) + 5%

Required Return = 0.1174419 + 0.05

Required Return = 0.1674419

Required Return = 16.74%

When looking to advertise a new business online, what is one of the major benefits of display ads?

Answers

When looking to advertise a new business online, what is one of the major benefits of display ads?
They are seen by everyone.
They have higher click-through rate.
They can come in many different formats.
They don't cost too much to set up.

Name 2 of the 4 structures a business can have

Answers

Answer:

4 Types of Legal Structures for Business:

   Sole Proprietorship.    General Partnership.    Limited Liability Company (LLC)    Corporations (C-Corp and S-Corp)

Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $37, $47, and $57, respectively Variable costs per unit are $30, $31, and $34, respectively. Fixed costs are $456,000. What is the break-even point in composite units?
a) 1.239 composite units
b) 1357 composite units
c) 2763 composite units
d) 4,606 composite units.

Answers

Answer:

6,000 composite units

Explanation:

                                                 A    B     C      Total

Selling price per unit              37   47    57  

Less: Variable cost per unit   30   31     34

CM per unit                              7     16     23  

Sales mix                                  3     2       1

CM per sales mix                    21    32    23    76

Break even in composite unit = Fixed cost / CM per sales mix

Break even in composite unit = $456,000 / 76

Break even in composite unit = 6,000

San Antonio Chair Inc. has direct labor cost standard of $14 per direct labor hour and an efficiency standard of 6 hours per chair. The actual results for the period when 30 chairs were built were 130 direct labor hours at an actual cost of $1,560. What is the direct labor cost variance

Answers

Answer:

Total direct labor variance= $960 favorable

Explanation:

Giving the following information:

We will separate the direct labor cost variance in rate and quantity variance. To calculate the direct labor rate and quantity variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (30*6 - 130)*14

Direct labor time (efficiency) variance= $700 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14 - 12)*130

Direct labor rate variance= $260 favorable

Actual rate= 1,560/130= $12

Total direct labor variance= 700 + 260

Total direct labor variance= $960 favorable

Solving for PMT of an annuity​) To pay for your​ child's education, you wish to have accumulated ​$ at the end of years. To do this you plan on depositing an equal amount into the bank at the end of each year. If the bank is willing to pay percent compounded​ annually, how much must you deposit each year to reach your​ goal?

Answers

Answer:

$783.87

Explanation:

Complete question "To pay for your​ child's education, you wish to have accumulated ​$10,000 at the end of 8 years. To do​this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 13 percent compounded​annually, how much must you deposit each year to obtain your​goal?"

NPER = 8

FV = 10,000

Rate = 13%

PV = 0

Future Value of Annuity = PMT(Rate, NPER, PV, FV)

Future Value of Annuity = PMT(13%, 8, 10000, 0)

Future Value of Annuity = 783.8671964727014

Future Value of Annuity = $783.87

So, one must deposit $783.87 each year to reach the goal.

Is there any company or firm that doesn't use CRM?

May i know the name of that company? ​

Answers

Answer:

Choudhary group of company

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