Cardinal industries had the following operating results for 2018: sales = $33,611; cost of goods sold = $23,869; depreciation expense = $5,927; interest expense = $2,675; dividends paid = $1,933. at the beginning of the year, net fixed assets were $19,870, current assets were $7,005, and current liabilities were $3,950. at the end of the year, net fixed assets were $24,439, current assets were $8,642, and current liabilities were $4,610. the tax rate for 2018 was 25 percent.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: