1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences)

A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2017, for 100,000 won each. It pays for both items on June 1, 2017, and they are still on hand at year-end.

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,000 direct labor-hours will be required in February. The variable overhead rate is $8.80 per direct labor-hour.

The phantom corporation started 5,200 units during february. phantom started the month with 740 units in process (40% complete) and ended the month with 440 units in process (40% complete).

Which statement is true concerning the straight-line method of depreciation? Select one: a. Depreciation does not take salvage value into consideration b. Purchase cost is expensed in the year of acquisition c.

A jeans maker is designing a new line of jeans called the Slims. The jeans will sell for $335 per pair and cost $261.30 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair.

What is your stratic plan to solve personnal shortages at the Ambulatory Surgary Center

Mclaren Corp. incurred the following costs to acquire and prepare land during 2016 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000.

On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022. Record the adjusting entry for interest at its year-end of December 31.

The population of a country was 5.1 million people in 2008. three years later, the population of the same nation was 8.9 million people.

Which of the following are criteria for possible solutions? Select all that apply. Will the solution address the problem without adverse side effects? Are all group members in favor of the solution? Can the solution be implemented by the group?