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The Molesley Corporation reported the following: 2020 Rent expense 820 Interest expense 40 Revenues 6,800 Cost of goods sold 5,600 Tax expense 60 What is
The Molesley Corporation reported the following: 2020 Rent expense 820 Interest expense 40 Revenues 6,800 Cost of goods sold 5,600 Tax expense 60 What is the company's times interest earned ratio for 2020? The Patmore Company operates a commercial kitchen and reported the following: Total direct materials variance 800 U Direct labor quantity variance 400 F Direct materials price variance 200 F Total direct labor variance 700 U Which of the following is the most likely follow-up action for the direct materials price variance? O ingredients were accidentally thrown out. O ingredients were purchased in bulk. Othere was a shortage of ingredients. O workers were poorly trained. O workers were required to work overtime. The Crawley Corporation is considering two capital investment projects and gathered the following data: Parks O'Brien Initial investment $12,000 $12,000 Net cash flows Year 1 3,000 3,000 Year 2 4,000 6,000 Year 3 6,000 4,000 The Parks would use an interest rate of four percent; whereas, the O'Brien would use six percent. What is the NPV of the Parks? Use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar
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