Which term describes difference between the actual price of materials and the standard price?

Price variance

Standard cost variance

Inflation index adjustment

Materials price index

Clarinet Publishing is considering the purchase of a used printing press costing $38,400. The printing press would generate a net cash inflow of $20,000 a year for 5 years. At the end of 5 years, the press would have no salvage value. The company's cost of capital is 10 percent. The company uses straight-line depreciation.

The projects accounting

32 percent

19 percent

39 percent

75 percent

Frankies Chocolate Co. reports the following information from its sales budget:

Expected Sales:	July..	$90,000
	August.	104,000
	September	120,000

Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:

$ 78,000

$ 108,000