At the End of 20x1, SWP Corporation Prepared Its Master

question 17

Multiple Choice

At the end of 20x1, SWP Corporation prepared its master budget for 20x2. Selected amounts from that budget, along with actual results for 20x2, are presented below:
Which items in the table have unfavourable variances?

• A)Marketing expense and cost of goods sold
• B)Cost of goods sold and sales
• C)Interest revenue and research and development expense
• D)Interest revenue and cost of goods sold

Understand the components and presentation of stockholders' equity in financial statements.

Identify and explain the impact of changes in accounting estimates and errors on financial statements.

Calculate and interpret the ending balance in retained earnings given beginning balances, net income, and dividends.

Understand the process and accounting for issuing stock and the concepts of par value, stated value, and paid-in capital.

---

Definitions:

Tactical Plan

A specific, short-term strategy designed to achieve a particular objective, step-by-step.

Social Media Marketing

Utilizing social media channels to spread awareness about a product, service, or brand to a broader audience.

Key Activities

Essential actions or tasks that an organization or individual undertakes to achieve their objectives or execute their business model.

Engagement Strategy

A plan of action designed to increase the interaction and participation of an audience with a brand, product, or service.