The following data have been provided by liggett corporation: budgeted production 7,400 units standard machine-hours per unit 6.6 machine-hours standard lubricants rate $ 3.50 per machine-hour standard supplies rate $ 2.00 per machine-hour actual production 7,600 units actual machine-hours (total) 49,840 machine-hours actual lubricants cost (total) $ 179,821 actual supplies cost (total) $ 98,933 lubricants and supplies are both elements of variable manufacturing overhead. the variable overhead rate variance for lubricants is closest to:
multiple choice
a. $1,120 f
b. $5,381 f
c. $4,261 u
d. $5,381 u

The maximum amount of money that a consumer can charge on a credit card is called the

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

There are three factors that can affect the shape of the treasury yield curve (r* t , ip t , and mrp t ) and five factors that can affect the shape of the corporate yield curve (r* t , ip t , mrp t , drp t , and lp t ). the yield curve reflects the aggregation of the impacts from these factors. suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the us treasury yield curve can take. check all that apply.a. downward-sloping yield curveb. upward-sloping yield curvec. inverted yield curve