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Question - In September, Larson Inc. sold 41,500 units of its only product for $405,000, and incurred a total cost of $375,000, of which $40,000 was fixed costs. The flexible budget for September showed total sales of $450,000. Among variances of the period were: total variable cost flexible-budget variance, $9,500U; total flexible-budget variance, $78,000U; and, sales volume variance, in terms of contribution margin, $42,000U. What the budgeted fixed cost for September?
What is the duration of the loan under the method i) and method ii) of payment, respectively? You can obtain a loan with a face value of $100,000 at coupon rate
What is the NPV of going directly to market? Osceola Electronics, Inc., has developed a new HD DVD. If the HD DVD is successful, the present value
Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to calculate the dollar value of cash provided
Zap Fund is the mainstay of your portfolio. Assuming the NAV increased from ?$44.35 to ?$58.09?, during the? year, your total annual return would be
What was Sam's taxable employment income for last year? On January 7th of this year, Sam received a paycheque for $1,640 covering the two week period
Before-tax borrowing rate is 4.4 percent. Given a marginal tax rate of 34 percent, calculate the cost of equity for an equivalent all-equity financed firm.
Record the events and adjusting entries for Year 1 in general journal form. (Do not round intermediate calculations. If no entry is required for a transaction
Find Price of a callable stock today is. Stock price is $ 100. The stock is not callable. Puts on this stock (X=$ 110, T=1 year) are worth $ 20
Based on Glory's 8 percent cost of capital, which system should management choose? Glory Mountain has never offered any type of day care for younger children.
Solve Lise's annual automobile taxable benefit. Lise Jutras works for Canada Couriers in Nunavut and is provided with a company-leased automobile.
Summarize the January 2020 financial results by department (fund) and any implications of these results for homeowners using language and terminology
What the investment turnover for Mason Corporation is? Mason Corporation had $1,050,000 in invested assets, sales of $1,272,000, operating income amounting
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