Answer and Explanation:
The computation is shown below;
a. Raw material price variance is
= (standard price - actual price) × actual quantity
= ($10 - $11) × ($69,300 ÷ $11)
= ($10 - $11) × 6,300
= $6,300 unfavorable
b. The raw material usage variance is
= (Standard quantity - actual quantity) × standard price
= (525 × 13 - 6,300) × $10
= $5,250 favorable
In this way it should be calculated
Answer:
Golden Braid Bookstore has $340,000 in cash
Explanation:
Quick ratio=current assets-inventory/current liabilities
Based on the information provided in this question,the quick ratio can be modified(no inventory,cash and accounts receivables are the only current assets)
quick ratio=accounts receivables+cash/current liabilities
quick ratio is 4.75/1
accounts receivables is $40,000
cash is unknown,taken as C
current liabilities is $80,000
4.75=$40,000+C/$80,000
By cross multiplication
4.75*$80,000=$40,000+C
C=(4.75*$80,000)-$40,000
C=$380,000-$40,000
C=$340,000
Answer:
c.free equipment and training.
Explanation:
A franchise is when a company gives another party the right to use its name and brand to do business. The franchisor provides loscence that covers it's procedures, know how, intellectual property, brand, business model, and rights to sell its products.
The franchisor provides expertise which includes site recommendations, name recognition, accounting and management support. To ensure uniformity of brand it also gives building specifications and designs.
Three payments are made by the franchisee to the franchisor:
- Payment for trademark
- Reimbursement for training and advisory services performed
- An agreed part of sales made
Answer:
Explanation:
The two attached pictures explains the problem and is so explanatory.
C seems to be the most logical answer to me.
