The static budget, at the beginning of the month, for Keats Company follows: Static budget: Sales volume: 2,000 units; Sales price: $51.00 per unit Variable costs: $12.50 per unit; Fixed costs: $26,500 per month Operating income: $50,500 Actual results, at the end of the month, follows: Actual results: Sales volume: 1,950 units; Sales price: $60.00 per unit Variable costs: $16.00 per unit; Fixed cost: $38,000 per month Operating income: $47,800 Calculate the sales volume variance for operating income.

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?