Frieling company installs granite countertops in customers' homes. first, the customer chooses the particular granite slab, and then frieling measures the countertop area at the customer's home, cuts the granite to that shape, and installs it. the tramel job calls for direct materials of $2,100 and direct labor of $900. overhead is applied at the rate of 120 percent of direct labor cost. unfortunately, one small countertop breaks during installation and frieling must cut another piece and install it to properly complete the job. the additional rework required direct materials costing $600 and direct labor costing $300.

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)