Problem 21-3a part 1& 2 required: 1& 2. prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.

Mercury Corporation issued 7,000 shares of no-par common stock for $15 per share. Mercury also issued 2,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share. Required a. Record these events in a horizontal statements model.

An OSHA inspection follows a standard process, consisting of three phases. What are these phases?

Improving quality seems to be a strategic weapon in gaining market share. However, improving quality entails allocation of resources and effort.

In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubble Inc. had net income of $600,000, assets of $7,000,000, sales of $1,300,000, and debt of 2,000,000.

Brad, who uses the cash method of accounting, lives in a state that imposes an income tax (including withholding from wages). On April 14, 2019, he files his state return for 2018, paying an additional $600 in state income taxes.

Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested

What is a variable expense? A. An expense that is the same during some months, and different during other months. B. An expense that is the same from month to month. C. An expense that is different from month to month. D. None of the above.

Calculator Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6; the unit contribution margin for Model P-4 is $14. Each model must spend time on a special machine.

If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico. True/False

A variable cost remains constant per unit at various levels of activity. a. True b. False