Ben Dryden, president of Jet Glass, Inc, noticed a $8,000 debit to Accounts Payable in the company's general ledger. This debit could correspond to:
A. A $8,000 sale to a customer.
B. A purchase of equipment costing $8,000 on credit.
C. A payment of $8,000 to a supplier to settle a balance due.
D. The failure to pay this month's $8,000 utility bill on time.
C
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Empire Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017
2017 2016 Cash and Receivables $105,000 $85,000 Merchandise Inventory 135,000 180,000 Property, Plant and Equipment, net 770,000 790,000 Total Assets $1,010,000 $1,055,000 Total Liabilities $435,000 $445,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2016? (Round your answer to two decimal places.) A) 100.00% B) 43.07% C) 19.10% D) 42.18%
The difference between cost variances and efficiency variances pertains to ________
A) the difference between the static budget and actual results B) the difference between the flexible budget and actual results C) the difference between the flexible budget and the static budget D) the difference between the static budget and the previous year's actual results