Required information [the following information applies to the questions displayed below.] a comparative balance sheet and income statement is shown for cruz, inc. cruz, inc. comparative balance sheets december 31, 2017 2017 2016 assets cash $ 85,900 $ 21,600 accounts receivable, net 36,900 45,800 inventory 77,200 86,000 prepaid expenses 4,900 3,900 total current assets 204,900 157,300 furniture 98,900 110,500 accum. depreciation—furniture (15,300 ) (8,300 ) total assets $ 288,500 $ 259,500 liabilities and equity accounts payable $ 13,600 $ 19,100 wages payable 8,100 4,300 income taxes payable 1,300 2,400 total current liabilities 23,000 25,800 notes payable (long-term) 26,800 63,700 total liabilities 49,800 89,500 equity common stock, $5 par value 207,600 165,100 retained earnings 31,100 4,900 total liabilities and equity $ 288,500 $ 259,500 cruz, inc. income statement for year ended december 31, 2017 sales $ 444,200 cost of goods sold 285,900 gross profit 158,300 operating expenses depreciation expense $ 34,200 other expenses 81,200 115,400 income before taxes 42,900 income taxes expense 15,600 net income $ 27,300 1. assume that all common stock is issued for cash. what amount of cash dividends is paid during 2017? 2. assume that no additional notes payable are issued in 2017. what cash amount is paid to reduce the notes payable balance in 2017?

“wonderful! not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well,” said kim clark, president of martell company. “our $11,150 overall manufacturing cost variance is only 3% of the $1,536,000 standard cost of products made during the year. that’s well within the 3% parameter set by management for acceptable variances. it looks like everyone will be in line for a bonus this year.” the company produces and sells a single product. the standard cost card for the product follows: standard cost card—per unit direct materials, 4.00 feet at $4.00 per foot $ 16.00 direct labor, 1.1 direct labor-hours at $13 per direct labor-hour 14.30 variable overhead, 1.1 direct labor-hours at $2.40 per direct labor-hour 2.64 fixed overhead, 1.1 direct labor-hours at $6.50 per direct labor-hour 7.15 standard cost per unit $ 40.09the following additional information is available for the year just completed: a. the company manufactured 20,000 units of product during the year. b. a total of 77,000 feet of material was purchased during the year at a cost of $4.25 per foot. all of this material was used to manufacture the 20,000 units. there were no beginning or ending inventories for the year. c. the company worked 24,000 direct labor-hours during the year at a direct labor cost of $12.50 per hour. d. overhead is applied to products on the basis of standard direct labor-hours. data relating to manufacturing overhead costs follow: denominator activity level (direct labor-hours) 19,000 budgeted fixed overhead costs $ 123,500 actual variable overhead costs incurred $ 64,800 actual fixed overhead costs incurred $ 120,900required: 1. compute the materials price and quantity variances for the year. (round standard price and actual price to 2 decimal places. indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero 2. compute the labor rate and efficiency variances for the year. (round standard rate and actual rate to 2 decimal places. indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero 3. for manufacturing overhead compute: a. the variable overhead rate and efficiency variances for the year. (round standard rate and actual rate to 2 decimal places. indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero b. the fixed overhead budget and volume variances for the year. (indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.