3x + y = 2

4x + y=20

Kelly Jones and Tami Crawford borrowed $13,200 on a 7-month, 5% note from Gem State Bank to open their business, Crane's Coffee House. The money was borrowed on June 1, 2022, and the note matures January 1, 2023.

The following information relates to the Matthew Young Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2016 $68,400 100 December 31, 2017 122,744 134 December 31, 2018 132,904 148 December 31, 2019 150,920 154 December

Abner Corporation makes a product that sells for $200 per unit. The Variable Costs per unit are $120. Fixed Costs total $500,000 each year. Abner currently sells 7,500 units per year. Calculate the number of units that Abner must sell to break even.

The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units. Scheduled production for the second quarter is (in units) :

Information related to Sheridan Company: Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $19,900 in exchange for common stock. 2 Hires an administrative assistant.

The materials purchase price variance, in a standard cost system, is obtained by multiplying the: Group of answer choices a. Actual price by the difference between actual quantity purchased and standard quantity used. b.

Vanessa Company is evaluating a project requiring a capital expenditure of $480,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and cash flow from the project are as follows.

Pharoah Corporation loaned $660000 to another corporation on December 1, 2020 and received a 3-month, 9% interest-bearing note with a face value of $660000. What adjusting entry should Pharoah make on December 31, 2020

PowerLife Inc. is a food company that has several product lines, including dairy products and powdered fruit-flavored drink mixes. The company recently introduced ready-to-drink packaged fruit juices.

Boston Company manufactures pipes and applies manufacturing overhead costs to production using a budgeted predetermined overhead rate of $18 per direct labor-hour.