Esther baskets company expects to manufacture and sell 20,000 baskets in 2016 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 5,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2016 budgeted income statement? a) $105,000 b) $100,000 c) $95,000 d) $55,000

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.

Companies under market structures are independent