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Carpe Diem Co. reported the following variances for the period:Direct materials price variance $1,700 UDirect labour efficiency variance 23,600 UFixed overhead volume variance 10,200 UFixed overhead budget variance 20,000 FDirect materials quantity variance 6,500 FDirect labour rate variance 2,000 FBased on this information, which of the following statements is true?
a) Spending on fixed overhead was greater than planned.
b) Carpe Diem produced more units than planned.
c) The direct labour static budget variance is favourable.
d) The direct material flexible budget variance is favourable.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
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Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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