CARLIN: ● Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead
● Took her five years, but she has saved $20,000 for a down payment
● Homes in her small town are typically selling for $75,000 to $95,000
● Is preapproved for a 3.89% interest rate on a 30-year fixed mortgage
● Needs her monthly payment to be less than $400

Rounded to the nearest $500, what’s the most expensive house Carlin could buy?

$95,500 - 100,000

$79,500-80,000

$70,050- 74,000

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

To record a 6% stock dividend, accountants use to record a 55% stock dividend, accountants use a. par value per share; market price per share b. par value per share; par value per share c. market price per share; market price per share d. market price per share; par value per share