Solitaire company’s fixed budget performance report for june follows. the $315,000 budgeted expenses include $294,000 variable expenses and $21,000 fixed expenses. actual expenses include $27,000 fixed expenses. fixed budget actual results variances sales (in units) 8,400 10,800 sales (in dollars) $ 420,000 $ 540,000 $ 120,000 f total expenses 315,000 378,000 63,000 u income from operations $ 105,000 $ 162,000 $ 57,000 f prepare a flexible budget performance report showing any variances between budgeted and actual results. list fixed and variable expenses separately.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.

What provides financial support to workers who are retired or have disabilities? medicare social security tax withholdings medicaid