An accounting firm using the sum-of-the-years-digits method of depreciation purchased office furniture costing $9,00 . and put it into use on April 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of $600 . Compute the book value at the end of the second year

Amazing Bread begins selling its bread at a loss by cutting its price by more than one-half in an attempt to gain a considerable market share over its competitors. Once its competitors are out of the picture, Amazing Bread raises the price of its bread by 300%. This type of action is known as:

a. predatory pricing. b. restraint of trade. c. monopoly. d. price discrimination.

The flexible-budget variance is:

A) $9,600 favorable B) $2,400 unfavorable C) $10,000 unfavorable D) $12,000 favorable