Assume a 8% required rate of return. What equal annual cash inflows over 6 years will create a net present value of $0 with an initial investment of $1,700,000?   Selected information from the PV tables: PV of $1 n=8, i=6: 0.627 PV of $1 n=6, i=8: 0.630 PV of an Annuity n=8, i=6: 6.210 PV of an Annuity n=6, i=8: 4.623

When deciding whether to discontinue a segment of a business, relevant costs include ________.

Higher energy level for electron – farther electron is from nucleus.

A cause of an unfavorable flexible-budget variance is ________.

Calculate frequency of blue light with wavelength equal 480 nm. (1 m = 1 x 109 nm, c = 3.00 x 108 m/s, c – speed of light)

A regional manager of a restaurant chain in charge of finding additional locations for expansion is most likely responsible for a(n) ________.

Rambo Company has three products, A, B, and C. The following information is available: Product A Product B Product C Sales $60,000 $90,000 $24,000 Variable costs 36,000 48,000 15,000 Contribution margin 24,000 42,000 9,000 Fixed costs: Avoidable 6,000 15,000 4,000 Unavoidable 7,000 9,000 5,400 Operating income $ 11,000 $18,000 $ (400) Rambo Company is thinking of dropping Product C because it is reporting a loss. Assuming Rambo drops Product C and does NOT replace it, operating income will ________.

Opportunity costs is defined as ________.

Trinkle Co. sells several products. Information of average revenue and costs is as follows: Selling price per unit $28.50 Variable costs per unit: Direct material $5.50 Direct manufacturing labor $1.15 Manufacturing overhead $0.85 Selling costs $2.50 Annual fixed costs $125,000 If the company decides to lower its selling price by 12.25%, and they expect to sell 15,000 units, the operating income is reduced by ________.

Rigsby Company incurred the following actual costs during 2020: Direct Material Used  $ 412,500 Direct Labor  $ 180,000 The company uses a normal costing system (i.e – applies overhead) and has a pre-determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material  $ 45,000  $ 49,500 Work in Process  $ 58,500  $ 64,350 Finished Goods  $ 63,000  $ 69,300 What was Cost of Goods Sold for 2020?