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Tanker Tech-Tethers produces an electronic dog collar. The annual budget for the collar production in the current year was: Budget Actual Production and sales 4000 units 3900 units Variable production costs $640,000 $631,800 Fixed production costs $480,000 $483,000 Prepare an end-of-year budget variance report using: Static budgeting Flexible budgeting Which of the two budgetary approaches is better? Which best reflects the performance of the production manager? Explain your reasoning in DETAIL
McCellen plans on holding the bonds until their maturity - What entry should McCellen make to record purchase of the bonds on 1 st August, 2004?
Hobson acquires 40 percent of the outstanding voting stock of Stokes Company on January 1, 2012, for $210,000 in cash. The book value of Stokes’s net assets on that date was $400,000, although one of the company’s buildings, with a $60,000 carrying v..
Explain the financial requirements for the venture, including the amounts needed for cash flow and profitability.
Assume a 3 year $100,000 bond with an 11% stated rate and a 9% effective rate was sold for $105,063. Interest is paid annually. What is the interest expense in the first year of bond? What is the cash coupon payment in year 3? Prepare all of year 3 j..
question julio produces two kinds of calculator standard and deluxe. the company is presently using a traditional
Accountants face a number of unique and precarious situations in their daily work. As a result of scandals and fraud in the financial world, numerous regulations and laws were enacted. One such influential regulation is the Sarbanes-Oxley Act, which ..
Describe the process of preparing a trial balance. What is the purpose of preparing a trial balance? If a trial balance does not balance.
Mouser Company issues 4,000 shares of its $5 par value common stock having a market value of $25 per share and 6,000 shares of its $15 par value preferred stock having a market value of $20 per share for a lump sum of $192,000. Illustrate what am..
Discuss at least 3 points which support your conclusion, and 1 of these points must relate to a competitor's financial performance
Sung Corporation, a clothing retailer, engaged in the transactions listed in the first column of the table below. Opposite each transaction is a ratio and space to mark the effect of each transaction on the ratio.
Journalize the adjusting entries on May 31.- Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjusting entries.
The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7% bonds with a face amount of $630,000 on November 1, 2013. The bonds sold for $567,653, a price to yield the market rate of..
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