Questions
Let C be the boundary of the quarter circle with radius 1, oriented counterclockwise (Figure 1)....
Let C be the boundary of the quarter circle with radius 1, oriented counterclockwise (Figure 1). Evaluate H C(ex + y2) dx + (ey + x2) dy
In: Math
Emily deposits $150 at the beginning of each quarter into an account earning 6.7% for 25...
Emily deposits $150 at the beginning of each quarter into an account earning 6.7% for 25 years. How much money will she have at the end of those 25 years?
In: Finance
A company needs $48,000 in 4 years to replace two trucks. Find the amount it must...
In: Finance
The predetermined overhead rate is based on a plannedoperating volume of 80% of the productive...
The predetermined overhead rate is based on a planned
operating volume of 80% of the productive capacity of 57,000 units
per quarter. The following flexible budget information is
available.
During the current quarter, the company operated at 90% of capacity
and produced 51,300 units of product; actual direct labor totaled
304,800 hours. Units produced were assigned the following standard
costs.
Required:
1. Compute the direct materials cost variance, including its price
and quantity variances.
2. Compute the direct labor cost variance, including its rate and
efficiency variances.
3. Compute the overhead controllable and volume variances
In: Accounting
In July 2020, Delta Air Lines reported earnings for the second quarter of 2020. Delta’s CEO...
In July 2020, Delta Air Lines reported earnings for the second quarter of 2020. Delta’s CEO Ed Bastian stated “[d]emand has stalled as the virus has grown...coupled with the quarantine measures”. Delta’s posted a $5.7 billion net loss in the second quarter. Which of the following is correct?
- A. Delta's accounting profit is -$5.7 billion with a lower economic profit.
- B. Delta's accounting profit is -$5.7 billion with a higher economic profit.
- C. Delta's economic profit is -$5.7 billion with a lower accounting profit.
- D. Delta's economic profit is -$5.7 billion with a higher accounting profit.
- E. None of the above.
In: Economics
Solve for the missing amount by preparing an income statement for the quarter ended june 30,2019
South Trails Cinema, Incorporated, operates movies and food concession counters throughout the United States. Its income statement for the quarter ended June 30, 2019, reported the following (accounts are listed alphabetically in thousands):
| Particulars | Amount$ |
| Admissions Revenue | 4,88,600 |
| Concessions Expenses | 39,600 |
| Concessions Revenue | 3,11,000 |
| Film Rental Expenses | 2,55,700 |
| Income Tax Expense | 41,500 |
| Offfice Expense | 2,55,300 |
| Rent Expense | 85,700 |
| Salaries & wages Expense | 73,900 |
| Net income (loss) | ? |
Required :
1.Solve for the missing amount by preparing an income statement for the quarter ended June 30,2019 (Enter your answers in thousands)
In: Accounting
Briefly explain which part of GDP would have changed by how much for years 2018 and...
Briefly explain which part of GDP would have changed by how much for years 2018 and 2019 after the following event:
2,000 copies of the new 6th edition of Krugman-Wells Macroeconomics were produced in October 2018. Each textbook is priced at $100. Since the new edition came out after the start of Autumn quarter, they were all sold after January 2019, during Winter quarter. However, since the 6th edition was not very different from the 5th edition, 20 students in ECON 202 in Winter 2019 ended up purchasing used books in 5th edition at $40 each.
In: Economics
The following information pertains to Amigo Corporation: Month Sales &
The following information pertains to Amigo Corporation:
Month Sales Purchases
July $30,000 $10,000
August 34,000 12,000
September 38,000 14,000
October 42,000 16,000
November 48,000 18,000
December 60,000 20,000
? Cash is collected from customers in the following manner:
Month of sale (2% cash discount) 30%
Month following sale 50%
Two months following sale 15%
Amount uncollectible 5%
? 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
Required:
a. Prepare a summary of cash collections for the 4th quarter.
b. Prepare a summary of cash disbursements for the 4th quarter.
In: Accounting
Consider Whirlybird, Inc. offers helicopter tours and transportation in major cities around the ... Consider Whirlybird,...
Consider Whirlybird, Inc. offers helicopter tours and transportation in major cities around the ... Consider Whirlybird, Inc. offers helicopter tours and transportation in major cities around the world. The company is considering a stock repurchase in the upcoming quarter. As the Chief Financial Officer (CFO), you understand there are several methods to reduce quarterly earnings, which could reduce stock price prior to the announcement of the proposed stock repurchase.
Discuss
What course of action do you recommend to the Chief Executive Officer (CEO) of Whirlybird?
If the CEO approached you recommending a reduction in current quarter earnings, how would you respond?
In: Finance
Warrier Gear manufactures clothing. A flannel shirt requires the following: Standard Direct Materials 2 square yards...
Warrier Gear manufactures clothing. A flannel shirt requires the following:
Standard Direct Materials 2 square yards at $15 per yard
Standard Manufacturing Labor 1.5 hours at $25 per hour
During the third quarter, the company made 1,500 shirts and used 3,200 square yards of fabric costing $44,800. Direct labor totaled 2,100 hours for $56,700.
Required:
(A) Compute the direct manufacturing labor price and efficiency variances for the quarter. Show all computations.
(B) Describe 2 possible reasons for each of the following variances: direct manufacturing labor price variance and direct manufacturing efficiency variance.
In: Accounting