Bank management printers, inc., produces luxury checkbooks with three checks and stubs per page. each checkbook is designed for an individual customer and is ordered through the customer’s bank. the company’s operating budget for september 2017 included these data: number of checkbooks 15,000 selling price per book $ 20 variable cost per book $ 8 fixed costs for the month $145,000 the actual results for september 2017 were as follows: number of checkbooks produced and sold 12,000 average selling price per book $ 21 variable cost per book $ 7 fixed costs for the month $150,000 the executive vice president of the company observed that the operating income for september was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. as the company’s management accountant, you have been asked to provide explanations for the disappointing september results. bank management develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. required prepare a static-budget-based variance analysis of the september performance. prepare a flexible-budget-based variance analysis of the september performance.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?