riances for Collar Sales Favorable/ Variance Unfavorable rect Labor Time Variance (Actual Hours - Standard Hours) x Standard Rate 2$ 80.00 SUM(45-40)*16 rect Labor Rate Variance (Actual Rate - Standard Rate) x Actual Hours 2$ 0.01 SUM((16.5-16)/(45)) rect Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) x Standard Price 2$ 1,500.00 SUM(85-25)*25 rect Materials Price Variance (Actual Price - Standard Price) x Actual Quantity 2$ 76.50 SUM(E11-C11)*D11

Q: Provide examples of how finacial statments are useful and or how they are used?

A: Financial statements refer to such statements which report the profitability and the financial…

Q: What is meant by the term antidilution? Give an example.

A: An increase in the earnings per share refers to anti-dilution. This results on account of the…

Q: Define Goodwill.

A: Goodwill refers to the intangible asset which arises when buyer acquires the existing business.

Q: Discuss the different variables of CAPM. What are the benefits and limitations of the CAPM?

A:

Q: Define relevant risk

A: For investors, risks are classified into the following two types: Systematic risk/relevant…

Q: Use examples to discuss the differences between adverse selection issues and moral hazard problems.

A: The objective of this question is to understand the differences between adverse selection and moral…

Q: What rules or policies should be developed to avoid the ethical problem?

A: Ethical problems: These kinds of problems arise when while making decisions neither of the options…

Q: Define the concept of going concern?

A: Going concern Concept: The basic principle of this concept is that business is assumed to exist for…

Q: Discuss two reasons why Sweet and Salty Snacks should allocate corporate costs to each division

A:

Q: Explain the specific relationship between risk and reward and why this relationship must be true.

A: Risk refers to probability for loss of investment value by an investor whereas Reward refers to…

Q: Describe the process of handling Unequal Service Lives?

A: Answer: When the project’s life is equal, it is easy to determine the different capital budgeting…

Q: What do the comparison of alternatives with unequal service livesrequire?

A: Present worth means discounting the future cash flows at the interest rate. The calculation of the…

Q: at is Volunteer discolure

A: Annual reports are prepared by the management in which financial statements, auditors report and…

Q: Explain Handling Unequal Service Lives?

A: The two projects compared has unequal project lives. Such projects are handled by two…