Arciano Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $ 6 The company plans to produce 2 comma 000 units and has purchased on account 12 comma 000 pounds of direct materials at a net cost of $ 44 comma 400. What is the journal entry to record this transaction? A. Raw Materials Inventory 44 comma 400 Direct Materials Cost Variance 27 comma 600 Accounts Payable 72 comma 000 B. Raw Materials Inventory 44 comma 400 Direct Materials Cost Variance 27 comma 600 Accounts Payable 16 comma 800 C. Raw Materials Inventory 72 comma 000 Direct Materials Cost Variance 27 comma 600 Accounts Payable 44 comma 400 D. Raw Materials Inventory 16 comma 800 Direct Materials Cost Variance 27 comma 600 Accounts Payable 44 comma 400

What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Serious question, which is preferred in a business? pp or poopoo?